Tag Archives: Case

Google Street View cameras are seen on a vehicle proceeding up Yonge Street in midtown Toronto, Ontario, Canada June 17, 2021. REUTERS/Chris Helgren Register now for FREE unlimited access to Reuters.com Register Street View vehicles improperly collected Wi-Fi data Google settled claims with class of millions of people Agreed to pay internet privacy interest groups, but not class members The company and law firm names shown above are generated automatically based on the text of the article. We are… Source link

American multinational technology company Google logo seen at Googleplex, the corporate headquarters complex of Google and its parent company Alphabet Inc. Alex Tai | SOPA Images | LightRocket | Getty Images While judges review subpoenas in an almost year-long case that pits Google against its workers, former company employees are doing their part to highlight the intensifying tension between the two sides. Three ex-Google employees filed a lawsuit this week, accusing their former employer of… Source link

Federal Reserve Bank of San Francisco President Mary Daly said that she could support more quickly ending the central bank’s asset purchase program, dependent on incoming data on inflation and jobs. Since the depths of the pandemic, the Fed has been buying about $120 billion in U.S. Treasuries and agency mortgage-backed securities to signal its commitment to supporting the economy. This month, the Fed said the economy appeared to make substantial further progress in the recovery — and Source link

The EU’s second-most senior court, the General Court, has upheld a 2017 ruling by the European Commission which found that Google broke antitrust law in how it used its search engine to promote its shopping comparison service and demote those of its rivals. Google and its parent company Alphabet appealed the decision, but the General Court today dismissed that appeal and upheld a fine of €2.4 billion ($2.8 billion). Google and Alphabet now have the option to appeal the decision yet… Source link

The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017. REUTERS/Mike Blake/File Photo MILAN, Nov 2 (Reuters) – Italy’s competition watchdog said on Tuesday it had dropped a probe into Alphabet’s Google (GOOGL.O) alleged abuse of its dominant position in the online display advertising market after the EU antitrust started a similar investigation. The Italian watchdog decided non to take any action as under EU laws the case is now out of its… 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, October 19, 2021 Jitters over inflation, supply and labor notwithstanding, the bull case is still intact After an encouraging run of bulge-bracket bank results that kicked off third quarter (Q3) earnings, this week’s earnings — which include Netflix (NFLX) and Tesla (TSLA) — will be an acid test for a skittish market that’s still Source link

Yahoo Inc. successor entity Altaba Inc. must set aside $400 million as it dissolves to cover the “unlikely” event that an appeals court overturns a $118 million data breach settlement it’s splitting with Verizon Communications Inc., which bought and resold the Yahoo brand, a Delaware judge ruled. Vice Chancellor J. Travis Laster directed Altaba to add $341 million to the $59 million it previously reserved to fund the data breach settlement. Altaba is a holding company partway through… Source link

FREMONT, CA – SEPTEMBER 29: Tesla CEO Elon Musk speaks during an event to launch the new Tesla Model X Crossover SUV on September 29, 2015 in Fremont, California. (Photo by Justin Sullivan/Getty Images) A California jury’s $137 million verdict against Tesla (TSLA) in a racial discrimination case brought by a Black contract worker is notable for its size and because it was a rare employment grievance that played out in public court rather than in a closed-doors arbitration. “The verdict is… Source link

LONDON (AP) — Google is heading to a top European Union court Monday to appeal a record EU antitrust penalty imposed for stifling competition through the dominance of its Android operating system. The company is fighting a 2018 decision from the EU’s executive Commission, the bloc’s top antitrust enforcer, that resulted in the 4.34 billion-euro ($5 billion) fine — still the biggest ever fine Brussels has imposed for anticompetitive behavior. It’s one of three antitrust penalties… Source link

Google app is seen on a smartphone in this illustration taken, July 13, 2021. REUTERS/Dado Ruvic/Illustration/File Photo OAKLAND, Calif., Sept 10 (Reuters) – Android app makers suing to stop Alphabet Inc’s (GOOGL.O) Google from siphoning up to 30% of their sales received little reassurance about their chances on Friday as a judge allowed a comparable fee charged by Apple Inc (AAPL.O) to stand. Developers including “Fortnite” maker Epic Games in the last year took aim at the two biggest mobile… Source link