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US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment
U.S. regulators want a federal judge to break up Google to prevent the company from continuing to squash competition through its dominant search engine after a court found it had maintained an abusive monopoly over the past decade.The proposed breakup floated in a 23-page document filed late Wednesday by the U.S. Department of Justice calls for sweeping punishments that would include a sale of Google's industry-leading Chrome web browser and impose restrictions to prevent Android from favoring its own search engine.
A sale of Chrome “will permanently stop Google’s... Read More
What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?
Comcast's corporate reorganization means that there will soon be two television networks with “NBC” in their name — CNBC and MSNBC — that will no longer have any corporate connection to NBC News.How that affects viewers of those networks, along with the people who work there, still needs to shake out. Their new corporate leader, Mark Lazarus, visited the set of MSNBC's “Morning Joe” as the plan was being announced on Wednesday and spoke to network staff members during a morning conference call to address concerns.
Comcast is spinning off most of its cable... Read More
A social media ban for children younger than 16 is introduced in Australia's Parliament
MELBOURNE, Australia (AP) — Australia’s communications minister introduced a world-first law into Parliament on Thursday that would ban children younger than 16 from social media, saying online safety was one of parents’ toughest challenges.Michelle Rowland said TikTok, Facebook, Snapchat, Reddit, X and Instagram were among the platforms that would face fines of up to 50 million Australian dollars ($33 million) for systemic failures to prevent young children from holding accounts.
“This bill seeks to set a new normative value in society that accessing social... Read More
Feds outline 'necessary steps' for Colorado River agreement by 2026 but no recommendation yet
LAS VEGAS (AP) — Federal water officials made public on Wednesday what they called “necessary steps” for seven states and multiple tribes that use Colorado River water and hydropower to meet an August 2026 deadline for deciding how to manage the waterway in the future.“Today we show our collective work,” Bureau of Reclamation Commissioner Camille Calimlim Touton said as she outlined four proposals for action and one “no action” alternative that she and Biden's government will leave for the incoming Trump Administration — with formal environmental assessments still... Read More
Class action lawsuit on AI-related discrimination reaches final settlement
Mary Louis' excitement to move into an apartment in Massachusetts in the spring of 2021 turned to dismay when Louis, a Black woman, received an email saying that a “third-party service” had denied her tenancy.That third-party service included an algorithm designed to score rental applicants, which became the subject of a class action lawsuit, with Louis at the helm, alleging that the algorithm discriminated on the basis of race and income.
A federal judge approved a settlement in the lawsuit, one of the first of it's kind, on Wednesday, with the company behind the... Read More
Top Stories in Business/Finance
- Stock market today: Asian shares mostly slip despite Nvidia's solid earnings report
- US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment
- What will happen to CNBC and MSNBC when they no longer have a corporate connection to NBC News?
- A social media ban for children younger than 16 is introduced in Australia's Parliament
- Feds outline 'necessary steps' for Colorado River agreement by 2026 but no recommendation yet
- Class action lawsuit on AI-related discrimination reaches final settlement
- Nvidia is Wall Street's most valuable company. How it got there, by the numbers
- Comcast to spin off cable networks that were once the entertainment giant's star performers
- Despite slowing sales, automakers are expanding electric vehicle models, including family haulers
- US gathers allies to talk AI safety as Trump's vow to undo Biden's AI policy overshadows their work
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Stocks
Stocks
More- Stock market today: Asian shares mostly slip despite Nvidia's solid earnings report
- Nvidia is Wall Street's most valuable company. How it got there, by the numbers
- Nvidia beats earnings expectations as investors eye demand for Blackwell AI chips
- Stock market today: Wall Street drifts as Target tumbles
- A tale of two retailers: Target reports sluggish spending while Walmart has a stellar quarter
Economy
More- Stock market today: Wall Street ticks higher following last week's slide
- Stock market today: Wall Street tumbles as the âTrump bumpâ fades and vaccine makers sink
- UK Treasury chief says she's not satisfied by paltry third-quarter economic growth
- Retail sales up solidly in October as Americans showed continued willingness to spend
- Japan's economy grows for a second straight quarter on the back of consumer spending
Corporate News
More- US regulators seek to break up Google, forcing Chrome sale as part of monopoly punishment
- Class action lawsuit on AI-related discrimination reaches final settlement
- US charges billionaire Gautam Adani with defrauding investors, hiding plan to bribe Indian officials
- Archegos hedge fund founder Bill Hwang gets 18 years in prison for massive fraud
- Trump picks Dr. Oz to run Medicare and Medicaid, Linda McMahon for Education, Lutnick for Commerce