Google used anticompetitive practices in an attempt to “preemptively quash” Samsung’s Galaxy Store, and prevent it from becoming a viable competitor to its own Play Store. That’s according to an antitrust lawsuit filed by a coalition of three dozen state attorney general, which accuses Google of illegally attempting to control app distribution on Android. The suit also alleges Google paid off app developers to stop them circumventing its store. The allegations challenge one of… 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 Thursday, July 8, 2021 Quits have never been a bigger part of restaurant worker churn By now, Morning Brief readers have likely become familiar with everyone’s favorite hipster economic data report: JOLTS.  Short for the Bureau of Labor Statistics’ Job Openings and Labor Turnover Survey (JOLTS), the report has been closely watched by investors for… Source link

A string of corporate news also moved individual stocks in London. Photo: Dominic Lipinski/PA Images via Getty Images Stocks in Europe slumped into the red on Thursday as concerns around rising inflation resurfaced after signals from the US Federal Reserve. In London, the FTSE 100 (^FTSE) nosedived 1.9%, hovering just above the 7,000 point mark, while the CAC (^FCHI) was 2.2% down in France, and the DAX (^GDAXI) fell 1.6 % in Germany. “The FTSE 100 fell with miners and banks the principal… Source link

MOSCOW, RUSSIA and AMSTERDAM, NETHERLANDS / ACCESSWIRE / July 8, 2021 / Yandex (NASDAQ and MOEX:YNDX) today announced it will report its financial results for the quarter ended June 30, 2021, on Wednesday, July 28, 2021. On that day, management will hold a conference call and webcast at 8:00 a.m. U.S. Eastern Time (3:00 p.m. Moscow time, 1:00 p.m. London time) to review and discuss the Company’s results for the second quarter. Second Quarter 2021 Financial Results Conference Call Wednesday,… Source link

Yandex Self-Driving Group, a unit of Russian tech company Yandex, has partnered with Grubhub to bring robotic delivery to American college campuses. Yandex hopes to reach over 250 campuses over the course of the multiyear partnership, starting with dozens of robots in the fall, reported TechCrunch (July 6). YANDEX’S DEVELOPMENT In September 2020, Yandex’s self-driving unit spun out from a joint venture with Uber. As part of the spin-out, Yandex invested $150 million… Source link

Yandex (NASDAQ:YNDX) has received an average recommendation of “Buy” from the ten brokerages that are covering the firm, MarketBeat Ratings reports. Three equities research analysts have rated the stock with a hold recommendation and six have issued a buy recommendation on the company. The average 1-year price target among brokers that have covered the stock in the last year is $71.75. A number of equities analysts have commented on YNDX shares. New Street Research started coverage on… Source link

Attorneys general from 36 states and one district are suing Google for alleged anti-competitive practices — this time, over its Google Play app store. The suit turns up the heat on Big Tech companies, which are also facing a growing pile of antitrust suits, fending off bipartisan antitrust legislation from the House of Representatives, and preparing for more intense scrutiny from the Federal Trade Commission now that it’s headed by antitrust expert and Big Tech critic Lina Khan. The… Source link

WASHINGTON, July 7 (Reuters) – Former U.S. President Donald Trump on Wednesday filed lawsuits against Twitter Inc (TWTR.N), Facebook Inc (FB.O), and Alphabet Inc’s Google (GOOGL.O), as well as their chief executives, alleging they unlawfully silence conservative viewpoints. The lawsuits, filed in U.S. District Court in Miami, allege the California-based social media platforms violated the right to freedom of speech guaranteed by the First Amendment of the U.S. Constitution. Trump is seeking… Source link

A coalition of more than 30 states on Wednesday sued Google for allegedly abusing its power it has over developers through its Google Play store on Google devices, like Androids. SOPA Images/SOPA Images/LightRocket via Gett hide caption toggle caption … Source link

Image: Getty Images The SoftBank-owned Z Holdings has agreed to take the licensing rights of Yahoo in Japan from Verizon Media’s hands for ¥178.5 billion. The agreement comes shortly after Verizon announced it was selling its media arm for $5 billion to private equity firm Apollo Global, which… Source link