When the eu started investigating Google Search practices. The eu has filed formal charges. They have accused google of being anticompetitive and abusing its dominance. They claim that google favors its shopping searches over its rivals. Google shopping results come up and are prominently displayed. A top danish politician is leading the investigation. It is the first place where we got a complaint. First place where we got a complaint at google is favoring its product in search for the longest period in time. We will continue to look at googles conduct in other areas. She also opened a new probe into android. She is still investigating search results for hotels and maps. Google controls while google might be the most used Search Engine for finding information in different ways and allegations of harm for consumers and competitors have proven to be white and the mark. In 2013, the u. S. Ftc launched a similar investigation the close it without taking action. Not so in europe. If found
Both sides in this conflict are criticizing the United States. Yousuf gamal eldin joins us from cairo with the latest. We have been hearing about the escalating numbers of those who have been injured and killed in the situation. It sounds like it is getting much more tense. Absolutely, becky. A lot of tension this morning here in downtown cairo as the Muslim Brotherhood calls for a million man march, basically, for their supporters to take up arms, to step up against Security Forces. Now, we have seen military activity as well in the morning, even though the curfew is over. Tanks have taken up position right below us. Four of them at least. And theyre blocking basically access road to Tahrir Square. The epicenter of the political changes we have seen in egypt over the last two or three years or so. Very symbolic part of the city, which they are now cordoning off, basically in anticipation of these large protests. We are currently hearing the preparations for friday prayers. Theyre abou
Looking for a fresh start after ugly trading days last week. Yields are rising as debate over who will be the next fed chair picks up steam. Sax seeing more markdowns for womens shoes, handbags and menswear but its not bad news for the consumer companies. Jpmorgan upgrading Dollar General. Entell upgrade over at piper saying pcs are not down for the count yet. Futures, as we said, slightly lower after the major indices posted the first backtoback weekly losses in june. Worst week for the dow this year, all going on amid encertaine encertainen certa uncertainty of the fed mens and jackson hole starting thursday, friday. How do you feel after last week . I work on charts every week. Show it to them. Too many look horrible. I mean, ive got to tell you, were in a key moment here. Industrials hanging by a thread. The Real Estate Investment trusts terrible, carl. Only group good, gold stocks. We dont want them as leadership. No. The miners, hated miners all year not going to lead us out of t
That means they are raising it. 8 billion, making the biggest ipo in american history. The apple ceo takes shots at Companies Like facebook and twitter. He says that apple does not scan your emails and believes in telling customers upfront what will happen to their personal information. First, the lead story of the day. Billionaire Larry Ellison is stepping down as ceo of Software Giant oracle and will become a chairman and chief technology officer. He is the worlds seventh richest person, and has been the only ceo in oracle history. The company in 1977, growing into a world leader in Database Software with a market cap of more than 185 billion. Twong over for him are trusted deputies who will become coceos. They stress continuity. They deserve recognition, they deserve the ceo title, and i am happy that our Management Team continues forward as a team. Oracle shares are trading down at afterhours. Corey and is bill, san francisco, and the cofounder of a sun microsystems, which was sold
Stock has rallied 900 since it first began trading. Hallelujah its been a remarkable move. And completed with an increase where the dow dropped, s p declined. 59 , nasdaq climbed. 38 , four Straight Days down for the dow. I have to admit ive liked google at 85 a share and used a 200 price target that first day, something that raised eyebrows pretty much everywhere as way too wide eyed. But ive always been the big believer in buying what you know. And use, of course, after doing the homework. And this stock seemed ridiculously cheap to me from the get go. One of the reasons why stems from the way google did the ipo in a confusing public option, not the typical road show managed by big wall street. And it depressed the price that the company wouldve otherwised received. The second reason i like google, of course, the best innovation that the web has brought us. Save perhaps amazon and netflix. Probably on it two dozen times today and thats par for the course. Plus, i have to tell you tha