(Bloomberg) — For 110 years, four generations of Mills family members earned their money by expanding their great-grandfather’s Chicago apron business into a medical supplier that ranked among the nation’s largest private companies. But soon after Democrats turned their attention toward raising taxes for the wealthy this year, the family signed a deal to cash out billions. It was no coincidence, according to people close to the more-than $30 billion transaction, which sold part of Medline… Source link

Google’s G logo. Stephen Shankland/CNET An update to the Google app appears to be causing a lot of frustration for… Source link

Bitcoin (BTC-USD) fell more than 11% Tuesday morning after China ramped up its crackdown on cryptocurrency mining. The cryptocurrency, which in April had risen higher than $60,000, plunged to a value of under $30,000 and saw all 2021 gains disappear. It rose back up a little past $30,000 later in the morning but remained down several points from the day before. The dramatic fall comes as China has taken steps to further restrict Bitcoin mining and trading within its territory. China released a… Source link

Email campaigns are an essential part of any company’s marketing stack. Hubspot estimates that email marketing generates $38 for every dollar spent, putting it far ahead of other popular forms of marketing such as paid advertising and influencer marketing. Q1 2021 hedge fund letters, conferences and more One of the reasons for this is that emails are personal in nature. Anyone who decides to give you their address is qualifying themselves as being interested in learning more about what you… Source link

The European Union opened a formal antitrust investigation into allegations that Google abuses its leading role in the advertising-technology sector, the most wide-ranging case yet to look at that pillar of the tech giant’s business. The European Commission, the EU’s top antitrust enforcer, said Tuesday that its investigation, which has been under way informally since at least 2019, will look at a broad array of allegedly anticompetitive business practices around the Alphabet Inc…. Source link

The government’s attempt 20 years ago to split up Microsoft failed, and sanctions didn’t break its hold on the desktop, but many of Windows’ current challenges stem from how the company reacted to its years of fighting regulators around the world. Why it matters: Facebook, Google, Amazon and Apple all face threats from regulators. Even if the companies win those conflicts, just fighting the battle can put them at a disadvantage. The big picture: The direct consequences of antitrust action… Source link

The formal investigation, which follows a preliminary probe that began in 2019, will examine whether Google (GOOGL) is distorting competition by restricting access to user data for advertising purposes, while reserving such data for its own use, the European Commission said on Tuesday. “Google collects data to be used for targeted advertising purposes, it sells advertising space and also acts as an online advertising intermediary. So Google is present at almost all levels of the supply chain… Source link

A sign is seen at the entrance to the Google retail store in the Chelsea neighborhood of New York City, U.S., June 17, 2021. REUTERS/Shannon Stapleton June 22 (Reuters) – Alphabet Inc’s (GOOGL.O) Google plans to shut down a long-running program aimed at entry-level engineers from underrepresented backgrounds after participants said it enforced “systemic pay inequities,” according to internal correspondence seen by Reuters. Google confirmed it was replacing the Engineering Residency with… Source link

A regional deputy belonging to an opposition party in El Salvador and a group of citizens have sued the government over the country’s new bitcoin law, calling it unconstitutional. According to a report on Tuesday by Spain’s second-largest newspaper, El Mundo, Jaime Guevara of the Farabundo Marti National Liberation Front (FMNL) has joined a group of citizens to oppose the law. FMNL is one of the country’s two major political parties, and Guevara is the deputy of Morazán, a province in… Source link

Ben Zobrist, seen here in 2019, is seeking $6 million in damages amid claims that his former pastor was sleeping with his wife and defrauding his charity. (Dylan Buell/Getty Images) Former Chicago Cubs star Ben Zobrist filed a lawsuit last month alleging that his former minister had a sexual relationship with his wife and defrauded his charity foundation, according to the Chicago Tribune. Zobrist is seeking $6 million in damages in the lawsuit against Byron Yawn, his former pastor and current… Source link