The regulator said in a statement on Tuesday that Google (GOOGL) had disregarded several injunctions related to the tech company’s negotiations with French news publishers. Google was fined €500 million ($592 million) over its failure to comply. If the search giant does not present compensation offers to publishers within the next two months, it faces additional penalties of up to €900,000 ($1.1 million) per day. “When the regulator imposes obligations for a company, it must comply… Source link

The regulator said in a statement on Tuesday that Google (GOOGL) had disregarded several injunctions related to the tech company’s negotiations with French news publishers. Google was fined €500 million ($592 million) over its failure to comply. If the search giant does not present compensation offers to publishers within the next two months, it faces additional penalties of up to €900,000 ($1.1 million) per day. “When the regulator imposes obligations for a company, it must comply… Source link

PepsiCo’s (PEP) second quarter earnings release is going down easy for investors.  The beverage and snacks giant — widely expected by analysts to have a strong quarter as economies globally re-open from the pandemic — blew away forecasts across the board. Total revenue rose 20.5% from a year ago, powered by strong double-digit sales gains in PepsiCo’s North America beverage, Latin America, EU and Africa businesses. Sales rose by 6% each in the Frito Lay North America and Asia Pacific… Source link

Where you go, Google knows. Here’s how to stop it from knowing where you are all the time.  Getty Images You turned… Source link

Virgin Galactic Holdings (SPCE) is looking to sell up to $500 million worth of common stock. The company has engaged the services of Credit Suisse Securities (CS), Morgan Stanley (MS), and Goldman Sachs (GS) as part of a capital raising drive. The three will act as the company’s agents in the sale. SPCE stock price plunged 17.30% to close at $40.69 yesterday. The agents are entitled to commission at a mutually agreed rate that will not exceed 2% of the gross sales price. (See Virgin… Source link

An analyst who predicted the bitcoin mid-May price slide says the cryptocurrency’s current range play is likely to be resolved on the higher side. “The consolidation phase itself is neutral, but we think a breakout is more likely than a breakdown,” Katie Stockton, founder and managing partner of Fairlead Strategies, said in a research note published on Monday. “Intermediate-term momentum has been improving based on the MACD histogram.” Bitcoin has been trading between $30,000 and… Source link

The Company’s Global Telesat Communications Unit Approved as an Alibaba Gold Supplier as it Expands Global Sales Activities AVENTURA, FL / ACCESSWIRE / July 13, 2021 / Orbsat Corp (NASDAQ:OSAT)(NASDAQ:OSATW) (“Orbsat” or “the Company”), a global provider of IoT and connectivity solutions through next-generation satellite technology, today announced that its Global Telesat Communications (GTC) unit has entered into an agreement with Alibaba.com, the B2B (Business-to-Business) e-commerce… Source link

This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Tuesday, July 13, 2021 Huge earnings today don’t equal huge returns tomorrow The second quarter earnings season unofficially kicks off this morning, with Goldman Sachs (GS), JP Morgan (JPM), and PepsiCo (PEP) among the first companies out of the gate.  And as we’ve chronicled over the last few weeks here at the Morning Brief, expectations have… Source link

Wave goodbye to long group meetings on Google Meet getty Google has started to reimpose time limits on Google Meet calls for those who don’t pay for the service. During the height of the pandemic, Google (and others) waived the time limits on free accounts so that businesses could continue to function remotely and friends and family could keep in touch. That period of grace has now come to an end after a couple of extensions, with Google now reimposing limits of 60 minutes per… Source link

PARIS—France’s Competition Authority fined Google $593 million for allegedly violating orders to negotiate paid deals with news publishers, raising pressure on the company in a global fight over how and whether tech companies should pay for news. The French regulator said that Google had violated its April 2020 orders that the Alphabet Inc. GOOG 0.76% company must negotiate with publishers for the right to show snippets of their content… Source link