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US FAA cuts minimum flight requirements at New York airports through late 2024
US FAA cuts minimum flight requirements at New York airports through late 2024
By David Shepardson WASHINGTON Citing air traffic controller staffing issues, U.S. regulators announced on Friday they will again
2023-09-16 06:20
U.S. home builder confidence falls for the first time in 2023
U.S. home builder confidence falls for the first time in 2023
By Safiyah Riddle U.S. home builder confidence weakened in August for the first time this year, according to
2023-08-15 23:22
Ex-Philippine President Duterte Says He May Return to Politics
Ex-Philippine President Duterte Says He May Return to Politics
Former Philippine President Rodrigo Duterte said he would be compelled to come out of retirement and run to
2023-11-22 11:18
Montana gas power plant can resume construction, judge rules
Montana gas power plant can resume construction, judge rules
NorthWestern Energy will resume construction of a natural gas power plant along Montana’s Yellowstone River following a two-month delay
2023-06-10 00:18
Todd Sondrini Named Head of Treasury Management for Western Alliance Bank
Todd Sondrini Named Head of Treasury Management for Western Alliance Bank
PHOENIX--(BUSINESS WIRE)--Aug 24, 2023--
2023-08-25 05:56
Siemens Gamesa has fix for onshore wind turbine problem
Siemens Gamesa has fix for onshore wind turbine problem
FRANKFURT Siemens Energy has fixed quality issues at onshore wind turbines it is currently selling to customers, the
2023-08-11 16:16
Dick's Sporting Goods blames 'increasingly serious' theft problem for profit plunge
Dick's Sporting Goods blames 'increasingly serious' theft problem for profit plunge
Dick's Sporting Goods warned Tuesday that retail theft is damaging its business and would lead to lower annual profits.
2023-08-23 00:22
Stellantis to enter JV with Orano to recycle electric car batteries
Stellantis to enter JV with Orano to recycle electric car batteries
ROME Franco-Italian automaker Stellantis said on Tuesday it planned a joint venture with French nuclear fuels firm Orano
2023-10-24 20:45
IMF's Georgieva expects global growth around 3% for next five years
IMF's Georgieva expects global growth around 3% for next five years
WASHINGTON International Monetary Fund Managing Director Kristalina Georgieva said on Tuesday that the IMF expects global growth around
2023-07-11 23:45
Nomura Eyes Extra $100 Million Cost Cuts in Wholesale Banking
Nomura Eyes Extra $100 Million Cost Cuts in Wholesale Banking
Nomura Holdings Inc. is aiming for an additional $100 million in cost reductions in its wholesale banking division,
2023-11-29 10:45
Google goes to court in what could be the biggest tech trial in a generation
Google goes to court in what could be the biggest tech trial in a generation
Google and the US Justice Department are beginning what might be the most decisive tech trial in a generation. The lawsuit could have substantial consequences – not only for the search giant, but for its rivals such as Apple and Meta, and the technology industry more broadly. The antitrust trial will examine claims from critics that Google has unfairly used its power to become dominant in a variety of parts of technology, in particular its search engine. The United States will argue Google didn’t play by the rules in its efforts to dominate online search in a trial seen as a battle for the soul of the Internet. The US Justice Department is expected to detail how Google paid billions of dollars annually to device makers like Apple, wireless companies like AT&T and browser makers like Mozilla to keep Google‘s search engine atop the leader board. DuckDuckGo has also complained, for example, that removing Google as the default search engine on a device and replacing it with DuckDuckGo takes too many steps, helping keep them to a measly 2.3% market share. DuckDuckGo, Microsoft and Yahoo are among a long list of Google competitors who will be watching the trial closely. “Google makes it unduly difficult to use DuckDuckGo by default. We’re glad this issue is finally going to have its day in court,” said DuckDuckGo spokesman Kamyl Bazbaz who said thatGoogle had a “stranglehold on major distribution points for more than a decade.” Google has denied wrongdoing and is prepared to vigorously defend itself. The legal fight has huge implications for Big Tech, which has been accused of buying or strangling small competitors but has insulated itself against many accusations of breaking antitrust law because the services the companies provide to users are free, as in the case of Alphabet’s Google and Facebook, or low price, as in the case of Amazon.com. “It would be difficult to overstate the importance of this case, particularly for monopolies and companies with significant market share,” antitrust lawyer Luke Hasskamp told Reuters. “This will be a major case, particularly for the major tech companies of the world (Google, Apple, Twitter, and others), which have grown to have an outsized role in nearly all our lives,” he added. Previous antitrust trials of similar importance include Microsoft, filed in 1998, and AT&T, filed in 1974. The AT&T breakup in 1982 is credited with paving the way for the modern cell phone industry while the fight with Microsoft is credited with opening space for Google and others on the internet. Congress tried to rein in Big Tech last year but largely missed. It considered bills to check the market power of the companies, like legislation to prevent them from preferencing their own products, but failed to pass the most aggressive of them. Big Tech’s rivals now pin their hope on Judge Amit Mehta, who was nominated by former President Barack Obama to the U.S. District Court for the District of Columbia. The lawsuit that goes to trial was brought by former President Donald Trump’s Justice Department. In a rare show of bipartisan agreement, President Joe Biden’s Justice Department has pressed on with the lawsuit and filed a second one against Google in January focused on advertising technology. Judge Mehta will decide if Google has broken antitrust law in this first trial, and, if so, what should be done. The government has asked the judge to order Google to stop any illegal activity but also urged “structural relief as needed,” raising the possibility that the tech giant could be ordered broken up. The government’s strongest arguments are those against Google‘s revenue sharing agreements with Android makers, which requires Google to be the only search on the smartphone in exchange for a percentage of search advertising revenue, said Daniel McCuaig, a partner at Cohen Milstein who was formerly with the U.S. Justice Department’s Antitrust Division. Additional reporting by Reuters Read More AI can help generate synthetic viruses and spark pandemics, warns ex-Google executive Google boss says he wants to make people ‘shrug’ How Google reshaped the world – and is about to do it all over again AI is using vast amounts of water Elon Musk says monkeys implanted with Neuralink brain chips were ‘close to death’ Volcano discovery could power electric cars for decades, scientists say
2023-09-12 01:56
Barclays Warns Former Staff Over Poaching Its Employees, FT Says
Barclays Warns Former Staff Over Poaching Its Employees, FT Says
Barclays Plc has warned bankers who have left the company not to try to poach their former colleagues,
2023-06-10 18:48