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The European Union has hit Google with another big antitrust fine, the third in a series of billion-dollar penalties the US tech giant has faced for hindering competition.The European Commission on Wednesday ordered Google to pay �1.5 billion (.7 billion) for abusing its dominant position in online search advertising."Google has cemented its dominance in online search adverts and shielded itself from competitive pressure by imposing anti-competitive contractual restrictions on third-party websites," Commissioner Margrethe Vestager said in a statement.The tech company has now been fined �8.2 billion (.3 billion) in total by Europe over the past three years.EU regulators have taken a much more robust approach to Big Tech companies than their US counterparts, especially when it comes to competition, data protection and tax issues.Google has already been fined in two previous EU antitrust cases.The Commission ordered the company to pay �4.34 billion (.9 billion) in July 2018 for unfairly pushing its apps on smartphone users and thwarting competitors.In 2017, it imposed a �2.4 billion (.7 billion) fine on Google for using its search engine to steer consumers to its own shopping platform.The company said in a blog post Tuesday that it was making further changes to its service based on "feedback" from the European Commission.It has started testing a new format that provides users with direct links to comparison shopping sites. It will also ask new and existing Android users in Europe which browser they'd like to use. 1555
The number of new cases in China has dropped for a second straight day in a virus outbreak that has infected about 45,000 people and killed more than 1,100. While most of the infections have been in China, it has gradually rippled overseas. Thirty-nine new cases were confirmed on a cruise ship quarantined in Japan, bringing the total to 174 on the Diamond Princess. China is struggling to restart its economy after the annual Lunar New Year holiday was extended to try to curb the spread of the virus. Traffic remained light in Beijing and many people were still working at home.In an effort to jumpstart the economy, Chinese President Xi Jinping Tuesday promised tax cuts and other aid to industries hurt by the novel coronavirus outbreak.Xi's announcement comes as companies face increasing losses due to the closure of factories, offices, shops and other businesses in the most sweeping anti-disease measures ever imposed. The measures have disrupted travel and other industries. Some businesses are beginning to reopen but many face heavy losses. Xi said Beijing needs to “maintain stable economic operation and social harmony." 1147
The end of Christmas season signals the start of return season, when Americans take their gifts back to shopping malls and online retailers in pursuit of different sizes, different colors or full-blown refunds. The good news is that stores have loosened return policies in recent years. Many allow customers 30 days after Christmas to make a return. However, some consumers are already finding their returns rejected. Typically, this happens for one of three reasons.Short window for electronicsMany shoppers believe a 30 day return window is standard.However, Apple and Best Buy are two major retailers that have 626
The Gilroy Garlic Festival shooter, Santino William Legan, died from a self-inflicted gunshot wound to the head, Gilroy Police Chief Scot Smithee said Friday during a press conference.Legan's death was ruled a suicide, Smithee said, citing Nicole Lopez of the Santa Clara County Coroner's Office.When the shooting first began, Legan exchanged fire with three Gilroy police officers, Smithee said."I do know that the suspect was hit multiple times by the rounds the officers fired, which put him down," he said. "It appears now, with that ruling on the cause and manner of death, that once he was down, he was able to get a round off and he shot himself. It sounds like that round was to the head."The shooting Sunday left three dead and 16 injured. 760
The Dow Jones Industrial Average recovered on Tuesday, closing up 1,163 points as oil stocks bounced back after a turbulent Monday. Although the coronavirus was likely a major factor in Monday's record point drop, oil stocks also tumbled on Monday as a feud between Russia and Saudi Arabia over oil prices led to the plummet. Many of those same stocks saw a recovery on Tuesday. The Dow lost a record 2,000 points on Monday.Still, the Dow has lost ground over the last several weeks. The market has lost 4,500 points from last month, or roughly 15% of its value. The Dow's Tuesday resurgence came despite coronavirus figures jumping nationwide. More than 700 cases have been reported nationwide, with 28 fatalities. 728
