Tag Archives: Major

The hedge fund of the billionaire Sir Christopher Hohn has written to Alphabet saying staff at the Google and YouTube parent are paid too much and its workforce should be drastically cut back. London-based TCI, which has been a significant investor in the company since 2017 and holds a stake valued at $6bn (£5.1bn), has written to its chief executive, Sundar Pichai, urging it to emulate cost-cutting measures introduced by big tech rivals including the Facebook-owner, Meta, Amazon and… Source link

General Motors (GM) reported profit jumped in the third quarter, driven by record revenue and robust demand. For the quarter, GM reported revenue of $41.89 billion, just slightly below analyst expectations of $42.37 billion, but still a record amount for the automaker. GM’s adjusted third quarter EPS came in at $2.25, well ahead of expectations of $1.89, with adjusted net income jumping nearly 50% to $4.3 billion. What has surprised some on the Street is GM reaffirming its full-year EBIT… Source link

Google says the Indian competition regulator’s order is a “major setback for Indian consumers and businesses” and it is reviewing the decision to evaluate “next steps.” The Competition Commission of India fined Google $161.9 million on Thursday for anti-competitive practices related to Android mobile devices and ordered a number of redressal measures that could force Google to make fundamental changes to its business strategies. A Google spokesperson told… 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, Oct. 19, 2022 Today’s newsletter is by Brian Sozzi, an editor-at-large and anchor at Yahoo Finance. Follow Sozzi on Twitter @BrianSozzi and on LinkedIn. Read this and more market news on the go with Yahoo Finance App. If you aren’t listening, you aren’t learning — this is a motto I have long modeled my life around. So I put that into… Source link

(Bloomberg) — Asian markets risk a reprise of crisis-level stress as two of the region’s most important currencies crumble under the onslaught of relentless dollar strength. Most Read from Bloomberg The yuan and yen are both tumbling due to the growing disparity between an uber-hawkish Federal Reserve and dovish policy makers in China and Japan. While other Asian nations are digging deep into foreign-exchange reserves to mitigate the dollar’s damage, the yuan and yen’s slump is making… Source link

Global efforts to crimp the power of the world’s largest technology companies scored an important legal victory on Wednesday when a European Union court gave its blessing to a record multibillion-dollar fine issued against Google in 2018. The decision, by the General Court in Luxembourg, provides fresh momentum to European regulators who have investigated companies like Google, Amazon and Apple for anticompetitive business practices. The fine of 4.34 billion euros (worth $5.1 billion in… Source link

Global efforts to crimp the power of the world’s largest technology companies scored an important legal victory on Wednesday when a European Union court gave its blessing to a record multibillion-dollar fine issued against Google in 2018. The decision, by the General Court in Luxembourg, provides fresh momentum to European regulators who have investigated companies like Google, Amazon and Apple for anticompetitive business practices. The fine of 4.34 billion euros (worth $5.1 billion in… Source link

If you’re using Google Chrome or a… Source link

The founder of Russian internet major Yandex, Arkady Volozh, could agree to a new shareholder and management structure for the company in exchange for the Kremlin’s permission to develop some of Yandex assets independently abroad, The Bell reported citing unnamed sources. bne IntelliNews covered… Source link

The founder of Russian internet major Yandex, Arkady Volozh, could agree to a new shareholder and management structure for the company in exchange for the Kremlin’s permission to develop some of Yandex assets independently abroad, The Bell reported citing unnamed sources. bne IntelliNews covered… Source link