What the EU antitrust ruling could mean for Google search
The EU's antitrust watchdog this week fined Google €2.4 billion ($2.7 billion) for manipulating search results to favor its own shopping services over those offered by competitors. The fine is the largest antitrust penalty issued by the European ...>> view originalBlue Apron slashes its IPO range
Blue Apron said Wednesday it now estimates the net proceeds from the sale of class A common stock in its IPO will be about $292.7 million. The company intends to use the net proceeds from the IPO for working capital, capital expenditures and general corporate purposes. Despite the high valuation Wall Street is looking for, Blue Apron has never turned a profit. Though it doubled its revenue to $795.4 million last year, the company still posted a net loss of $54.9 million as it poured money into ..>> view originalToshiba misses its self-imposed deadline to sell its chip unit, sues Western Digital for interfering in the sale
Toshiba Corp incoming President and chief executive Satoshi Tsunakawa attends a news conference at the company headquarters in Tokyo, Japan Thomson Reuters (Reuters) - Japan's Toshiba Corp has pushed back its timeline to clinch a sale of its prized flash memory chip unit, saying the $18 billion deal was being held up due to differences of opinion within the consortium chosen as preferred bidder. The delay came as the conglomerate sued its chip business partner Wester..>> view originalUPS to Freeze Pension Plans for Nonunion Staffers
Updated June 27, 2017 7:33 p.m. ET United Parcel Service Inc. UPS 0.44% will freeze pension plans for about 70,000 nonunion employees, seeking to contain the burden of a retirement fund with a nearly $10 billion deficit. The package carrier is the latest major U.S. corporation seeking to corral rising pension obligations, which have swollen after years of low interest rates. The collective deficit in pension plans of S&P 1500 companies totaled $408 billion a..>> view originalFlight delayed by woman hurling coins at jet engine
BEIJING -- Chinese airlines aren't exactly known for flying on time. Four of them ranked among the worst last year when it comes to on-time arrivals and departures.U.S. airlines improving in on-time performanceNot all delays are the airlines' fault, of course. For instance, it wasn't China Southern airline's fault this week when a Guangzhou-bound flight was delayed for more than five hours at Shanghai Pudong International Airport.The culprit was a woman in her 80s, who was just trying to keep e..>> view originalDraghi Tried to Be Cautious But Spooked the Market Anyway
Mario Draghi just got evidence that his call for “prudence” in withdrawing European Central Bank stimulus applies to his words too.The euro and bond yields surged on Tuesday after the ECB president said the reflation of the euro-area economy creates room to pull back unconventional measures without tightening the stance. Policy makers noted the jolt that showed how hypersensitive investors are to statements that can be read as even mildly hawkish, according to three Eurosystem officials familia..>> view originalNew cyberattack spreads in Europe, Russia and US
A-A+ By Mark Scott and Nicole PerlrothNew York Times News Service Ransomware attack A quickly spreading ransomware attack is hitting countries across the world including France, Russia, Spain, Ukraine and the United States, just weeks after a ransomware attack known as “WannaCry.” What is ransomware? • Ransomware is one of the most popular forms of online attacks today. It typically begins with attackers sending their victims email that includes a link or a file that appears innocuous but ..>> view originalUber drivers on Travis Kalanick's resignation: 'I don't give a damn about that'
Last week, the resignation of Travis Kalanick as CEO of Uber sent shockwaves through the tech industry. It stemmed from the culmination of almost six months of nonstop scandals, controversies, and negative headlines for the $69 billion company. Some ...>> view originalAmtrak restores service after two rail operators fatally struck on tracks in DC
An Amtrak spokesman said two people were killed on June 27 after being struck by an Amtrak train in Northeast Washington. No one on the train was reported injured. (WJLA/AP) Updated at 9:02 a.m. Amtrak said it is resuming train service between Washington and Philadelphia, but with trains traveling at restricted speeds out of Washington. This comes after rail service had been suspended for almost 10 hours after two CSX rail operators were struck and killed by an Amtrak train late Tuesday ..>> view originalFord recalls more than 400000 vehicles for safety and compliance issues
"In addition, separation of the driveshaft from the transmission can result in secondary damage to surrounding components, including brake and fuel lines. A driveshaft separation may increase the risk of injury or crash." A representative from Ford did not immediately respond to a request for comment. The affected Ford Transit vehicles were built in the Michigan-based company's Kansas City assembly plant from Jan. 17, 2014 to June 15, 2017. Additionally, Ford issued Wednesday a safety compli..>> view original
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