Fortune Sky is Your Go-to Source for the Latest Finance News, Covering Markets, Business, Industries and Internet.
⎯ 《 Fortune • Sky 》

List of All Articles with Tag 'eppersons'

US Allows Release of $6 Billion to Iran Before Prisoner Swap
US Allows Release of $6 Billion to Iran Before Prisoner Swap
The US cleared the way for $6 billion in oil proceeds to be returned to Iran and agreed
2023-09-12 05:15
California fast food workers to get $20 minimum wage under new deal between labor and the industry
California fast food workers to get $20 minimum wage under new deal between labor and the industry
Most fast food workers in California would get a raise next year under a new bill in the state Legislature
2023-09-12 04:55
Dominican president suspends visas for Haitians and threatens to close border with its neighbor
Dominican president suspends visas for Haitians and threatens to close border with its neighbor
The president of the Dominican Republic says he has suspended issuing visas to Haitians, and he is threatening to shut down land, air and sea traffic between the two neighbors over their latest dispute
2023-09-12 03:50
Alexander McQueen designer Sarah Burton quits after two decades
Alexander McQueen designer Sarah Burton quits after two decades
British fashion house Alexander McQueen is losing its artistic director Sarah Burton who has been in charge for more than 20 years, parent company...
2023-09-12 03:24
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 01:55
JPMorgan CEO Jamie Dimon blasts draft capital rules
JPMorgan CEO Jamie Dimon blasts draft capital rules
By Nupur Anand NEW YORK JPMorgan Chase CEO Jamie Dimon blasted stricter capital rules proposed by U.S. regulators,
2023-09-12 01:49
Modi hails Saudi ties after 'historic' route unveiled
Modi hails Saudi ties after 'historic' route unveiled
India hailed its "strategic" partnership with oil-rich Saudi Arabia on Monday, days after unveiling a major trade and transport route linking Europe, the Middle East and India...
2023-09-12 01:21
Americans have never been wealthier
Americans have never been wealthier
Fueled by a resurgent stock market and rising home values, US household wealth hit a record $154.3 trillion during the second quarter of this year, according to federal data.
2023-09-12 00:58
Burton to leave creative direction of Kering label Alexander McQueen
Burton to leave creative direction of Kering label Alexander McQueen
PARIS Alexander McQueen creative director Sarah Burton will leave the Kering-owned fashion label after two decades, the latest
2023-09-12 00:54
Argentina August inflation forecast at highest since 1991
Argentina August inflation forecast at highest since 1991
By Hernan Nessi BUENOS AIRES Argentina's Consumer Price Index (CPI) likely rose 11.8% in August, which would be
2023-09-12 00:50
Musk biography describes troubled tycoon driven by demons
Musk biography describes troubled tycoon driven by demons
A hotly anticipated biography of Elon Musk describes the turbulent tycoon as a man driven by childhood demons, obsessed with bringing human life to Mars and who...
2023-09-11 23:58
Google's dominance of internet search faces major challenge in legal showdown with U.S. regulators
Google's dominance of internet search faces major challenge in legal showdown with U.S. regulators
The U.S. government is taking aim at what has been an indomitable empire: Google’s ubiquitous search engine
2023-09-11 23:48
«41424344»