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EINDHOVEN, THE NETHERLANDS -- The parent company of Philips Electronics will pay $4.5 million in fines to settle US Securities and Exchange Commission charges that it violated the books and records and internal control provisions of the Foreign Corrupt Practices Act.

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FRAMINGHAM, MA – Worldwide PC shipments turned in an all-time worst showing in the first quarter, falling 13.9% from the same quarter in 2012.

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TAIPEI -- Hon Hai Precision Industry (Foxconn) reported first-quarter sales fell 19% year-over-year on slower demand for Apple's iPhones.

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