After record Google fine, Vestager says she likes the U.S.
EU Competition Commissioner Margrethe Vestager said she “very much liked the U.S.” following a record-setting 4.34 billion euros ($5 billion) fine for Google for using its Android mobile operating system the thwart rivals.
Morgan Stanley beats estimates on higher trading revenue
Morgan Stanley reported a better-than-expected quarterly profit on Wednesday, driven by higher revenues in equities and fixed income trading as well as investment banking.
Exclusive: Canada housing agency pushes for better income checks to catch fraud
Canada’s housing agency has asked the country’s tax authority to take a “more direct and formal role” verifying income claimed on mortgage applications, part of a two-year plan to tackle mortgage fraud, documents obtained by Reuters show.
Airbus CEO says activating Brexit contingency plans
The chief executive of European planemaker Airbus said he was activating his Brexit contingency plans after the British government’s plan for leaving the bloc appeared to be “unraveling”.
Stock futures at five-month highs ahead of Powell testimony, earnings
U.S. stock index futures hovered at five-month highs on Wednesday ahead of a slew of earnings, with a strong quarterly report from Morgan Stanley helping reaffirm a bullish outlook for the earnings season.
Stocks hit one-month high, dollar puts squeeze on gold
World stocks hit a one-month high on Wednesday as strong company earnings and a bullish outlook from the head of the U.S. central bank buoyed the dollar.
Google says will appeal EU fine
Google said it will appeal against a record 4.34-billion-euro ($5.04 billion) fine levied by EU antitrust regulators on Wednesday over illegal restrictions on Android smartphone makers and mobile network operators.
Uber hires former adviser to David Cameron to lead lobbying in northern Europe
Uber Technologies has hired an ex-adviser to former British prime minister David Cameron to lead the ride-hailing firm’s lobbying efforts in northern Europe, less than a month after the company won a reprieve to operate in London.
Google’s antitrust cases in Europe
BRUSSELS – Alphabet unit Google 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.
Novartis joins Pfizer in halting U.S. drug price hikes
Novartis expects to hit the top of its 2018 sales guidance after a strong second quarter, the CEO said, despite joining Pfizer in freezing its U.S. drug prices for the rest of the year following pressure from President Donald Trump.
