Banks in greece may soon be facing the European Central bank reportedly looking at limiting emergency liquidity assistance. Proposals that would raise the discounts imposed on collateral securities when the bank of greece makes loans. The steps will be taken if greece does not reform its economy to get bailout money. A former ecb president says the rest of europe is waiting for greece to act. We have to be realistic. It all depends on the maturing of the position of the greek government. If it wants to deliver growth and jobs which is the main goal of that government it has to produce a recovery program. Betty european ministers are scheduled to meet on friday. The banks said a key measure of financial strength fell in the First Quarter. It may need to boost capital. The ceo. In the businesses where we are focused, we are doing well. The credit business, which was more difficult for the industry in the quarter, emerging markets, those are businesses that are power alleys for us and we
Google started to settle, three times to no avail. Now the eu has filed formal antitrust charges against google calling it a statement of objections. Accusing google of being anticompetitive. For instance, when you search for an item, like a laptop Google Search results come up and are prominently displayed. Todays statement of objection on Comparison Shopping is limited. It is the first place where we got a complaint. First, we got a complaint that google is favoring its items in search for a long time. However, we will continue to look at googles conduct in other areas. Emily they also opened a probe into android and she is still investigating search results for hotels, flights, and maps. Google controls 92 of the Search Market in europe, compared with just 75 here in the United States. In response, google is not backing down. They say, while google may be the most used search engine, consumers and competitors have proven to widen the mark. In 2013, they launched a similar investigat
Cookbook. Stephanie what a way to start off with a great show and eriks haircut. Erik the top business stories of the day. General electric getting back to its roots. Sawing off the bulk of its finance unit to refocus on the industrial businesses. Ge will sell almost 27 billion dollars of real estate assets and most of it is going to blackstone. Some going to wells fargo. Ge announced the Share Buyback of about 50 billion which would tie apple for the largest of all time. The ceo spoke on a Conference Call earlier. This is an excellent time to sell financial assets. We think the performance in the Australian Consumer value demonstrated our platforms may be worth more outside the company. Erik ge shares up a. 7 five quarters a. 7 a. 75 . If you have not bought the computer for a while, you are not alone. According to Market Research more consumers are turning to smartphones and tablets when they went to go online. Corporate spending helped slow declines and the cycles will be over. Hill
I have said consistently that no one should think all of the risk of a change like that is predictable in advance and even if the contagion risk is much less now than it was in 2012 and earlier, it would not be a good thing in a World Economy just recovering from a deep recession to have that kind of uncertainty introduced. Emily meanwhile, he called for other economies around the world to strengthen, saying the strong u. S. Dollar simply reflects a stronger u. S. Economy. Japan overtakes china as the Worlds Largest foreign holder of u. S. Government debt, snapping chinas sixyear reign at the top. Japans holdings fell, but china plastic line was a bit larger. Those countries hold roughly 1. 2 trillion in u. S. Treasuries. The u. S. Capitol briefly locked down today after a man landed a gyro copter on the capitol lawn. The man flying the helicopter was arrested. Reports identify him as a florida mailman protesting corruption in Campaign Finance laws. Authorities inclined to say how he w
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