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Google to spend $3.8 million to settle accusations of hiring, pay biases

OAKLAND, Calif. (Reuters) – Alphabet Inc’s Google will spend $3.8 million, including $2.6 million in back pay, to settle allegations that it underpaid women and unfairly passed over women and Asians for job openings, the U.S. Department of Labor said on Monday. The allegations stemmed from a routine compliance audit several years ago required by …

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Explainer: How a GameStop share pullback could hurt some investors

(Reuters) – Any pullback in GameStop Corp’s shares potentially exposes some investors to losses. Those at risk could include people who bought the stock at recent highs, or on margin, and those using options trading strategies. Shares of GameStop, which had seen a spectacular rally, fell 31% on Monday to close at $225, 53% lower …

Explainer: How a GameStop share pullback could hurt some investors قراءة المزيد »

Ant Group’s Valuation Seen Dropping to $108 Billion on Crackdown

(Bloomberg) — Ant Group Co.’s valuation may be cut further under new measures proposed by China to curb market concentration in its online payments market, according to new estimates from Bloomberg Intelligence. Jack Ma’s fintech giant may be worth less than 700 billion yuan ($108 billion) under the draft proposals, which could reduce the value …

Ant Group’s Valuation Seen Dropping to $108 Billion on Crackdown قراءة المزيد »

Toyota settles U.S. probe into delayed emissions defect reports for $180 million

WASHINGTON (Reuters) – Toyota Motor Corp settled a lengthy Justice Department civil probe into its delayed filing of emissions-related defect reports for $180 million, the government said on Thursday. Reuters first reported the expected settlement, which resolves the violations of the Clean Air Act. Toyota first disclosed in 2016 it was under investigation for the …

Toyota settles U.S. probe into delayed emissions defect reports for $180 million قراءة المزيد »

Google closes Fitbit deal as U.S., Australia probes continue

WASHINGTON (Reuters) – Search and advertising giant Google closed its deal to buy fitness tracking company Fitbit, the companies said on Thursday, even as U.S. and Australian competition regulators said they were continuing probes of the $2.1 billion transaction. The Justice Department, which sued Alphabet Inc’s Google in October for allegedly violating antitrust law in …

Google closes Fitbit deal as U.S., Australia probes continue قراءة المزيد »

Samsung launches new flagship Galaxy S smartphone early, targets remote workers, gamers

SEOUL (Reuters) – Samsung Electronics Co Ltd on Thursday unveiled the first Galaxy S smartphone with a stylus for on-screen work called the S Pen, more than a month ahead of its usual annual release schedule for models of its flagship compact phone. Analysts have said offering a stylus within the Galaxy S21 series might …

Samsung launches new flagship Galaxy S smartphone early, targets remote workers, gamers قراءة المزيد »

Analysis: Cancel your weekends! Bitcoin doesn’t rest, and neither can you

On the first sluggish Saturday of 2021, Jan. 2, many people were still nursing New Year hangovers. But there was no breather for bitcoin, which powered past $30,000 for the first time. Its 10% single-day jump was one of several weekend and public holiday price surges that helped the cryptocurrency soar by two-thirds from the …

Analysis: Cancel your weekends! Bitcoin doesn’t rest, and neither can you قراءة المزيد »

UK’s competition watchdog to probe Google’s browser changes

(Reuters) – The UK’s competition watchdog said on Friday it has launched an investigation into Google’s proposals to remove third-party cookies and other functions from its Chrome browser, following concerns the move could curb rival digital advertising. The investigation will assess whether the proposals could cause advertising spend to become even more concentrated on the …

UK’s competition watchdog to probe Google’s browser changes قراءة المزيد »

Tesla market value crosses $800 billion for the first time

(Reuters) – Shares of Tesla Inc jumped as much as 5.6% on Friday, pushing the electric-car maker’s market capitalization to more than $800 billion for the first time ever and inching closer to the trillion dollar club. Tesla’s stratospheric rally has helped Chief Executive Officer Elon Musk surpass Amazon.com Inc’s top boss Jeff Bezos to …

Tesla market value crosses $800 billion for the first time قراءة المزيد »

India retail king Biyani sees quick OK of Future’s $3.4 billion deal despite Amazon dispute

NEW DELHI (Reuters) – India’s Future Group expects swift regulatory approval of its $3.4 billion deal to sell its retail assets, its chief executive said, even as its warring business partner Amazon.com Inc intensifies efforts to block the deal. Future and Amazon are at loggerheads over the Indian group’s August deal with Reliance Industries Ltd. …

India retail king Biyani sees quick OK of Future’s $3.4 billion deal despite Amazon dispute قراءة المزيد »

شركة Apple تعلق تطبيق Parler من متجر تطبيقاتها

علقت شركة Apple تطبيق Parler من متجر تطبيقاتها قائلة إن خدمة شبكة التواصل الاجتماعي لم تتخذ التدابير الكافية لمنع انتشار المنشورات التي تحرض على العنف. ومنحت Apple الخدمة 24 ساعة لتقديم خطة اعتدال تفصيلية، مشيرة إلى المشاركين الذين استخدموا الخدمة لتنسيق حصار مبنى الكونغرس الأمريكي يوم الأربعاء. وقالت مُصنِع iPhone في بيان “علقنا Parler إلى …

شركة Apple تعلق تطبيق Parler من متجر تطبيقاتها قراءة المزيد »

Xi’s Push Against Jack Ma Sparks New Threat for China Tech

(Bloomberg) — Chinese tech companies did a pretty good job convincing global investors that they operated independently from the Communist Party. Now, Jack Ma has become a case study for the firms’ biggest skeptics. Companies from Alibaba Group Holding Ltd. to Tencent Holdings Ltd. splashed out billions on overseas acquisitions while developing apps and technologies …

Xi’s Push Against Jack Ma Sparks New Threat for China Tech قراءة المزيد »

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