Tag Archives: probe

Bloomberg China’s $87 Billion Electric-Car Giant Hasn’t Sold a Vehicle Yet (Bloomberg) — China Evergrande New Energy Vehicle Group Ltd.’s expansive pop-up showroom sits at the heart of Shanghai’s National Exhibition and Convention Center. With nine models on display, it’s hard to miss. The electric car upstart has one of the biggest booths at China’s 2021 Auto Show, which starts Monday, opposite storied German automaker BMW AG. Yet its bold presence belies an uncomfortable truth… Source link

Shares of Chicago-based cannabis giant Green Thumb Industries (GTBIF) tanked 13% Tuesday after a Chicago Tribune report claimed the company was part of a federal probe into pay-for-play allegations regarding its operations. The report details an ongoing investigation, which Yahoo Finance was unable to verify, that unnamed sources say scrutinizes political donations and other steps the company allegedly took to win growing and distribution licenses in Illinois and other states. A Green Thumb… Source link

In the 12 years since the commissioner’s exempt list was popularized as a circumstantial tool to sit NFL players down while continuing to pay their salary, only one thing has remained consistent: The standard for the league’s “timeout” has been as opaque as it is broad. And for this reason, the 16 pending civil lawsuits against Houston Texans quarterback Deshaun Watson could lead him to be removed from NFL activities at any moment this offseason or suspended entirely — or not… Source link

The Competition Commission of India (CCI) has started an investigation to check whether Google Pay (GPay) has abused its dominance of India’s digital payments market, executives at three payment firms aware of the discussions said. The market watchdog is holding face-to-face interviews with rival payment firms, including PhonePe and Paytm Payments Bank, as part of the probe, the executives said seeking anonymity. Through its meetings, CCI will seek to understand… Source link

By Foo Yun Chee BRUSSELS (Reuters) – EU antitrust regulators have sought information from advertisers regarding Google’s advertising technology practices, a European Commission document seen by Reuters shows. Alphabet-owned Google, the world’s largest online search engine, has been hit with fines totalling 8.25 billion euros ($10 billion) in the last three years for blocking rivals in online shopping, Android smartphones and online advertising. It now faces two European Union investigations… Source link

BRUSSELS (Reuters) – EU antitrust regulators have sought information from advertisers regarding Google’s advertising technology practices, a European Commission document seen by Reuters shows. Alphabet-owned Google, the world’s largest online search engine, has been hit with fines totalling 8.25 billion euros ($10 billion) in the last three years for blocking rivals in online shopping, Android smartphones and online advertising. It now faces two European Union investigations into its… Source link

By Foo Yun Chee BRUSSELS, Jan 20 (Reuters) – EU antitrust regulators have sought information from advertisers regarding Google’s advertising technology practices, a European Commission document seen by Reuters shows. Alphabet-owned Google, the world’s largest online search engine, has been hit with fines totalling 8.25 billion euros ($10 billion) in the last three years for blocking rivals in online shopping, Android smartphones and online advertising. It now faces two European Union… Source link

Google has closed its deal to buy Fitbit, the tech giant announced Thursday. The company announced in November 2019 plans to acquire the fitness tracking company to bolster its wearable capabilities. Google said it would acquire Fitbit for $7.25 per share in cash, valuing the company at $2.1 billion. Fitbit launched in 2007 and was considered a pioneer of the consumer fitness tracking market, quickly becoming the market leader. Other players have since entered the market including Apple,… Source link

WASHINGTON (Reuters) – Search and advertising giant Google has closed its deal to buy Fitbit, the companies said on Thursday, even as the Justice Department said it was continuing its probe of the $2.1 billion transaction. The Justice Department, which sued Alphabet Inc’s Google in October for allegedly violating antitrust law in its search and search advertising businesses, said it “has not reached a final decision about whether to pursue an enforcement action” regarding the Fitbit… Source link

The global wave of privacy legislation has led to the curtailment of ad targeting, but its effects on the online landscape are much broader than that. The latest investigation into Google’s proposed web browser changes exposes the trade-offs lawmakers concerned with consumer protection and regulators looking to preserve competition will have to ponder. Last week the U.K.’s Competition and Markets Authority opened a formal investigation into Google’s Privacy Sandbox, a series of ongoing… Source link