Amazon under EU antitrust fire over use of merchant data
Amazon’s use of merchants’ data triggered an EU antitrust investigation on Wednesday, as regulatory concerns mount around the world on how tech giants exploit customer information to reinforce their market power.
Microsoft, AT&T ink cloud deal worth more than $2 billion
Microsoft Corp and AT&T Inc on Wednesday said they reached a deal under which the telecommunications firm will tap Microsoft’s Azure cloud service for its computing needs and provide Office 365 software to much of its 268,000-strong workforce.
Futures flat as investors weigh bank results
Worries about the balance of monetary policy and growth kept U.S. stock futures flat on Wednesday, subduing the impact of solid results from Bank of America and a boost for chipmakers from Dutch company ASML.
Bank of America profit beats as healthy economy fuels loan growth
Bank of America Corp beat estimates for quarterly profit on Wednesday, as the loan book of the country’s second-largest lender benefited from a healthy economy.
Facebook to face more scrutiny from Congress on Libra
Facebook Inc will face more questioning on Wednesday by U.S. lawmakers over its planned cryptocurrency after a bruising first bout when senators from both parties condemned the project, saying the company had not shown it could be trusted.
Trade war, Brexit stoke debt and dollar, hit stocks and sterling
Resurgent trade tensions, concern over the outlook for corporate America and the growing risk of a chaotic Brexit in the United Kingdom curtailed appetite for equities on Wednesday and stoked demand for “safe” government bonds.
Amazon appeases German watchdog, but EU opens new probe
Amazon has reached a deal with Germany’s anti-trust authority to overhaul its terms of service for third-party merchants, acting to appease regulators as the European Union announced its own investigation of the e-commerce giant.
Amazon in EU antitrust spotlight over use of merchant data
Amazon on Wednesday became the target of an antitrust investigation by the European Union over its use of merchants’ data, underlining the increasing regulatory scrutiny over how tech companies exploit customers’ information.
Amazon says it will cooperate with EU antitrust regulator probe
U.S. online retailer Amazon said on Wednesday that it would cooperate fully with EU antitrust regulators investigating its use of merchants’ data.
EU antitrust regulators to investigate Amazon over merchant data
EU antitrust regulators will investigate Amazon, the world’s largest online retailer, to see if its use of other merchants’ data breaches EU antitrust rules, the European Commission said on Wednesday.
