Tag Archives: pay

OAKLAND, Calif., Nov 17 (Reuters) – Alphabet Inc’s (GOOGL.O) Google has struck deals with at least 24 big app developers to stop them from competing with its Play Store, including an agreement to pay Activision Blizzard Inc (ATVI.O) about $360 million over three years, according to a court filing on Thursday. Google also agreed in 2020 to pay Tencent Holdings Ltd’s <0700.HK> Riot Games unit, which makes “League of Legends,” $30 million over one year in a similar deal, the filing stated. The… Source link

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

WASHINGTON, Nov 14 (Reuters) – Alphabet’s Google (GOOGL.O) will pay about $400 million to settle a complaint brought by a group of states over allegations the search and advertising giant illegally tracked users’ locations, two people familiar with the matter said. The announcement will come as early as Monday, the sources said. The lawsuit, which includes Oregon, the people said, is a sign of mounting legal headaches for the tech company from state attorneys general who have aggressively… Source link

Core Scientific (CORZ) will not make debt payments due in October and November, according to a new securities filing. Shares of the bitcoin mining company were down as much as 76% on Thursday morning. Core said it’s exploring alternatives to its capital structure and is working with financial and legal advisers but noted that it might have to file for bankruptcy. — in which case common stock holders would completely lose their investments. “Given the uncertainty regarding the Company’s… Source link

Consumers could be paying at least 20% more on their heating bills this winter. Tight oil refining capacity and low stockpiles are expected to keep prices elevated during the colder months. “Our heating, oil inventories are very low. I mean the lowest, I think, that they’ve ever been. Does it mean that we’re going to have run out of inventories? No, it means that we’re going to have the potential for spikes, particularly in a cold winter,” CIBC Private Wealth Senior Energy Trader Rebecca… Source link

ProFootball Talk on NBC Sports Mike Tomlin on Steelers: “Where we are today, not good” The Steelers are 1-4, and they’ve lost four in a row. On Sunday, they were blown off the field by the Bills, 38-3. After the loss, coach Mike Tomlin summarized the current state of the team. “No need to really sugarcoat it, man,” Tomlin told reporters. “We got handled today. We got handled by a [more] Source link

Norwegian Cruise Line (NCLH) CFO Mark Kempa doesn’t see the cruise operator taking any drastic action to pay down the debt accrued during the COVID-19 pandemic. “As we look forward over the course of the next two to three years, we have about a billion dollars a year [of debt] plus or minus that’s coming due,” Kempa said on Yahoo Finance Live (video above). “And we firmly believe, given our trajectory today, that with our existing cash on hand and our expected organic cash flow, we are going… Source link

PHOENIX — Arizona Attorney General Mark Brnovich has entered an $85 million settlement with Google LLC for allegedly tracking the users’ location with “deceptive and unfair” practices to sell advertisements, his office announced Tuesday. Brnovich started investigating Google after a 2018 Associated Press article said the company was misleading consumers on how they were tracking and using their location data, according to a news release. In May 2020, Brnovich sued Google for allegedly… Source link

Queen Elizabeth II died Thursday. She was 96. The queen, who was coronated in 1953, spent more than 70 years as the head of the British royal family. One of Queen Elizabeth II’s many royal duties as queen was paying tribute to the rich history of England’s sporting culture. A number of athletes and professional sports leagues issued statements and paid tribute to the queen on Twitter following news of her death. This content is not available due to your privacy preferences. Update your… Source link

Russian gas giant Gazprom said Tuesday that China will start paying for Russian gas in rubles and yuan instead of Western currency, as Moscow seeks closer ties with Beijing in the wake of economic sanctions over the Kremlin’s war in Ukraine.  “A transition was made to making payments for Russian gas supplies to China in the national currencies of the countries — the ruble and yuan,” Gazprom said in a statement following a video conference meeting with Chinese oil group… Source link