Alphabet unit Google (GOOGL.O) was hit with a record-breaking 4.34 billion euro ($5.04 billion) fine on Wednesday, topping the 2.4 billion euros it was ordered to pay in another case last year.
Google is expected to be fined a record 4.3 billion euros ($5.00 billion) by the EU over its Android system, Bloomberg reported.
IBM asked a U.S. jury to award it $167 million in a lawsuit accusing e-commerce marketplace operator Groupon Inc of using patented technology without authorization.
U.S. House Judiciary Committee will hold a hearing to take testimony from Facebook Inc, Alphabet Inc’s YouTube unit and Twitter Inc on whether social media companies are filtering content for political reasons, the committee chairman said.
As the United States ramps up import tariffs and long-date U.S Treasury debt yields remain low, stocks in so-called defensive sectors may have room to run higher in price, even though expectations for the currently quarterly earnings seasons are high.
Employees at several of the world’s biggest technology companies have been exercising newfound political power where they work, pushing their bosses on business ethics with help from established and fledgling nonprofit groups.
U.S. stock index futures dropped sharply on Wednesday after the United States threatened tariffs on an additional $200 billion worth of Chinese goods, dampening hopes of a compromise on trade.
Bike sharing service Lime said it raised $335 million from a group of investors including ride-sharing firm Uber Technologies Inc and Alphabet Inc (GOOGL.O).
House Republicans sent letters on Monday to the chief executives of Apple and Alphabet asking questions about location data and mobile phone privacy practices and the handling of customer data.
Pinera said that he plans to meet with chief executives of Amazon and Alphabet to enlist their support for helping the South American nation make technological progress.