Wednesday, August 4, 2021

Google fined $268M for market abuse in French antitrust case

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Google has been fined nearly $270 million by French authorities for abusing its market power in the digital advertising sector. As part of the first-of-its-kind settlement agreement announced by the French Competition Authority Monday,...

Teamsters pass resolution to unionize Amazon drivers, warehouse workers

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It’s game on between Amazon and the Teamsters. The powerful International of Brotherhood Teamsters union passed a resolution on Thursday to organize Amazon warehouse workers and drivers across the country in what it’s calling the...

Amazon backs effort to legalize pot, drops weed testing for some jobs

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Amazon is throwing its weight behind federal pot legalization. The Jeff Bezos-owned e-commerce giant announced its support for a proposed bill to legalize marijuana across the US — and said that it will no...

130 countries back deal on global minimum tax for companies

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Some 130 countries have backed a global minimum tax as part of a worldwide effort to keep multinational firms from dodging taxes by shifting their profits to countries with low rates. The agreement announced...

California gov’s business manager evaded his strict COVID rules by moving to Utah

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California Gov. Gavin Newsom has been accused of being out of touch with constituents during the pandemic — but one of his closest business confidantes has skipped out of the state altogether. Shyla Hendrickson...

Unemployment shrinks in states that cut federal benefit: report

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The unemployment rolls are shrinking faster in states that have axed federally boosted payments as the economic carnage from the COVID-19 pandemic eases, a new report said. The 21 states that have ended or...

Fisher-Price ignored warnings about kid-killing sleeper

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Fisher-Price kept its popular Rock ‘n Play inclined baby sleeper on the market for a decade, even as the company learned of safety concerns and dozens of infant deaths tied to the product,...

Bitcoin falls after US reclaims Colonial Pipeline crypto ransom

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The price of bitcoin fell Tuesday, one day after US officials announced that they managed to recover most of the bitcoin that was paid as ransom to the Colonial Pipeline hackers. Bitcoin traded...

Southwest Airlines CEO Gary Kelly to step down

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Southwest Airlines said on Wednesday long-time Chief Executive Officer Gary Kelly will step down next year to become the executive chairman and will be succeeded by company veteran Robert Jordan. Kelly, 66, who became the CEO...

Facebook under fire as US lawmakers press for new antitrust complaint

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 A bipartisan group of US lawmakers expert in antitrust urged the Federal Trade Commission Friday to press on with its lawsuit against Facebook, according to a statement from Sen. Amy Klobuchar. In a letter to...

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