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Continue ReadingGoogle is cutting hundreds of jobs and the departures include the co-founders of wearables company Fitbit. The news comes in the wake of a similar move at Amazon com and is a sign that big technology companies still think there’s scope to trim spending after last year’s mass layoffs. Google-parent Alphabet cut employees in multiple teams including those working on Google’s Assistant program, hardware, and internal software tools, the company said Wednesday...
Continue ReadingStock splits themselves don't lift stocks -- but they could help us find that next great investment...
Continue ReadingMicrosoft said on Thursday its European Union cloud customers would be able to process and store all personal data in the region as part of a phased roll-out plan. Technology companies have been rolling out data storage and processing capabilities in the EU following privacy and security legislation. Amazon Web Services (AWS) said in October it would allow data storage on servers located in the EU...
Continue ReadingIndia is considering import duty cuts on components key to producing high-end mobile phones, two government officials said, which would potentially be a boost for companies like Apple and the country's exports. Companies in the sector have been pushing for cuts on nearly a dozen components to reduce the cost of making smartphones in India and level up the playing field with regional competitors such as China and Vietnam. India's electronics and information technology ministry is firming up the proposal, including the size of the duty cuts, and hopes it can be included in the federal budget on Feb.1, one official said...
Continue ReadingAlphabet's Google, Amazon and Airbnb need not comply with an Italian rule requiring them to provide information on the companies as they are already subject to laws in Ireland and Luxembourg where they are located, an adviser to Europe's top court said on Thursday. The spat between the companies and the Italian government concerned a regulation obliging online service providers operating in Italy to join a register and submit various information as well as pay a financial contribution. Google, Amazon and Airbnb subsequently challenged the rule in an Italian court, saying it was contrary to EU legislation which says online service providers are only subject to the rules of the country where they are established, while countries where they provide a service must refrain from applying their laws...
Continue ReadingAlphabet unit Google's 2.42-billion-euro ($2.7 billion) EU antitrust fine should be upheld by Europe's top court, an adviser to the court said on Thursday, dealing a potential blow to the world's most popular internet search engine. The European Commission handed down the fine to the company in 2017 for using its own price comparison shopping service to gain an unfair advantage over smaller European rivals. The shopping case was the first of three EU decisions that resulted in a total of 8.25 billion euros in fines for Google last decade...
Continue ReadingAlphabet's Google, Amazon and Airbnb need not comply with an Italian rule requiring them to provide information on the companies as they are already subject to laws in Ireland and Luxembourg where they are located, an adviser to Europe's top court said on Thursday. The spat between the companies and the Italian government concerned a regulation obliging online service providers operating in Italy to join a register and submit various information as well as pay a financial contribution. Google, Amazon and Airbnb subsequently challenged the rule in an Italian court, saying it was contrary to EU legislation which says online service providers are only subject to the rules of the country where they are established, while countries where they provide a service must refrain from applying their laws...
Continue ReadingTesla Megapack has solved the problem of utility-scale energy storage with its commercially viable and profitable Megapack platform. Learn why I believe TSLA to be a good long-term buy...
Continue ReadingCummins to pay record $1.675B civil penalty in vehicle test cheating settlement. iRobot plunges to session lows amid report Amazon won't offer remedies in Europe. SEC approves bitcoin ETFs...
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