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Tuesday, June 27, 2017

EU fines Google record $2.7 billion in first antitrust case

BRUSSELS (Reuters) - EU antitrust regulators hit Alphabet unit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, taking a tough line in the first of three investigations into the company's dominance in searches and smartphones.

Stock futures slip on tech selloff; Yellen in focus

(Reuters) - U.S. stock index futures were lower on Tuesday as a selloff in technology shares continued, while investors awaited clues on interest rate hikes from Federal Reserve Chair Janet Yellen's talk in London.

Charter, Comcast explore wireless partnership with Sprint: sources

(Reuters) - U.S. wireless carrier Sprint Corp is in talks with Charter Communications Inc and Comcast Corp about a partnership to boost the two U.S. cable companies' wireless offerings, according to sources familiar with the matter.

With Alphabet, Google faces a daunting challenge: organizing itself

SAN FRANCISCO (Reuters) - Google’s self-professed mission is to organize the world’s information. But a company known for engineering excellence is still trying to solve the very human problem of how to organize itself.

Apple CEO touts India impact in push for deeper market access

(Reuters) - Apple CEO Tim Cook on Sunday highlighted the economic impact the company is having on India in a meeting with its prime minister as the iPhone maker seeks deeper access to the world's third-largest smartphone market behind the United States and China.

Exclusive: Ericsson scraps push for new clients beyond telecoms

LONDON/STOCKHOLM (Reuters) - Ericsson has ditched its goal of winning more clients beyond the telecoms industry to refocus on selling networks to mobile phone companies in a move to cut costs and halt a dramatic fall in its share price.

Oil prices up on weaker dollar, but supply glut caps gain

LONDON (Reuters) - Oil prices rose for a fourth consecutive session on Tuesday boosted by a weaker dollar but worries over persistent oversupply capped gains.

Germany moves to crack down on vehicle emissions

BERLIN (Reuters) - Germany will discuss a national plan to cut pollution from diesel engines and set up a new organization to test vehicles to try to restore consumer confidence after Volkswagen's emissions scandal, ministers said on Tuesday.

Sprint jumps on wireless partnership talks with Charter, Comcast

(Reuters) - Sprint Corp's shares jumped more than 9 percent premarket on Tuesday, after the fourth-largest U.S. wireless service provider was said to be in talks with Charter Communications Inc and Comcast Corp about wireless partnership.

World's first ATM machine turns to gold on 50th birthday

LONDON (Reuters) - Five decades since it heralded a transformation in the way people obtained and used cash, the world's first ATM was turned into gold for celebrations of its fiftieth anniversary.