In a Monday disclosure, South Korea's fourth-ranking business conglomerate, LG Group, revealed that it plans to increase the investment in its electronics business division by a record 20 trillion won (11.69 billion pounds) this year.

In a verdict which marked the culmination of a December 2010-filed patent-infringement lawsuit by Alcatel-Lucent subsidiary Multimedia Patent Trust against Apple and LG, a federal jury ruled on Thursday that the devices manufactured by Apple and LG do not violate the in-dispute video compression patents of Multimedia Patent Trust.

A giant 84-inch Ultra High Definition TV from LG - the LG 84LM960V - is the biggest-ever TV to have hit the Ireland market. Carrying a record high retail price-tag of €26,999, the monster TV is exclusively on display at the Harvey Norman stores in Carrickmines, Dublin; and will be available for delivery next month.

A record €1.47 billion fine has been imposed by the European Commission (EC) on seven global manufacturers of cathode ray tubes (CRT), for their allegedly anti-competitive activities during the one decade period from between 1996 to 2006.

In what probably is the biggest ever cartel penalty, the European Union (EU)'s antitrust Commissioner Joaquin Almunia slapped a Euro 1.47 billion ($1.96 billion) fine on seven TV- and monitor-manufacturing companies which, for years, had been conniving to fix the prices of television and computer monitor tubes worldwide.

Going by the most recent statistics released by the comScore MobiLens service, Apple has edged out LG to grab the second spot overall, behind market-leader Samsung, in terms of mobile phone usage in the US.

In a recent announcement which marked the availability of Google's fourth Nexus handset - the LG-manufactured Nexus 4 -, the company revealed that from 12:00 noon PST on November 27, the handset had become available directly at Google Play or from T-Mobile.

Close on the heels of Samsung’s recent announcement of its Galaxy S III smartphone, LG has officially announced its new impressive handset – the Optimus LTE2 - which will be equipped with a “True HD” IPS display, and an astounding 2GB of RAM.

Going by the details shared by LG in its official announcement of the all-new Optimus LTE2, the company’s flagship handset will be available from five carriers in Korea from mid-May, with its release in other regions to follow soon after.