European Commission fines computer chipmaker Intel $1.45B

The European Commission found leading computer chipmaker Intel guilty Wednesday of violating European anti-trust rules and ordered that it pay a fine of 1.06 billion euros ($1.45 billion). It is the largest fine the commission has ever imposed, said Neelie Kroes, the European commissioner for competition. Intel has said it plans to appeal the decision.

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Taiwanese economy slumps into recession

Taiwan’s economy slumped 8.36 percent during the last three months of 2008, the government said Wednesday. The island’s economy spiraled into recession with its second straight quarter of economic losses. For the third quarter of 2008, Taiwan’s real gross domestic product (GDP), adjusted for inflation, slipped about 1 percent, according to the Directorate General of Budget, Accounting and Statistics

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