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US senators question Apple and Google on app store dominance Reuters WASHINGTON | Updated on × Other app makers have complained that mandatory revenue sharing for sales of digital goods and strict inclusion rules amount to anticompetitive behaviour A panel of US Senators questioned officials from Apple Inc and Alphabet Inc’s Google on Wednesday about the dominance of their mobile app stores and whether the companies abuse their power at the expense of smaller competitors. Amy Klobuchar, the top Senate Democrat on antitrust issues, said Apple and Google can use their power to “exclude or suppress apps that compete with their own products” and “charge excessive fees that affect competition.” ....
U.S. senators question Apple and Google on app store dominance Reuters | Apr 22, 2021 12:10 AM EDT Apple unveils AirTag, in this still image from the keynote video of a special event at Apple Park in Cupertino, California (Photo : Apple Inc./via REUTERS.) A panel of U.S. senators questioned officials from Apple Inc and Alphabet Inc s Google on Wednesday about the dominance of their mobile app stores and whether the companies abuse their power at the expense of smaller competitors. Amy Klobuchar, the top Senate Democrat on antitrust issues, said Apple and Google can use their power to exclude or suppress apps that compete with their own products and charge excessive fees that affect competition. ....
Old Dominion Freight Line, Inc. Reveals Increase In Q1 Bottom Line WASHINGTON (dpa-AFX) - Old Dominion Freight Line, Inc. (ODFL) revealed earnings for its first quarter that climbed from the same period last year. The company s earnings totaled $199.36 million, or $1.70 per share. This compares with $133.18 million, or $1.11 per share, in last year s first quarter. Analysts had expected the company to earn $1.58 per share, according to figures compiled by Thomson Reuters. Analysts estimates typically exclude special items. The company s revenue for the quarter rose 14.1% to $1.13 billion from $0.99 billion last year. Old Dominion Freight Line, Inc. earnings at a glance: -Earnings (Q1): $199.36 Mln. vs. $133.18 Mln. last year. ....
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SHANGHAI (Reuters) - Alibaba Group CEO Daniel Zhang said on Monday he does not expect any material impact from the change of exclusivity arrangement imposed by China s regulators, after an anti-trust probe found the firm had abused its dominant market position. Alibaba, China s largest e-commerce company, will introduce measures to lower entry barriers and business costs faced by merchants on its platforms, Zhang told an online conference for media and analysts. China on Saturday imposed a record 18 billion yuan ($2.75 billion) fine on Alibaba amid a crackdown on technology conglomerates, signalling a new era after years of laissez-faire approach. The e-commerce giant has come under intense scrutiny since billionaire founder Jack Ma s public criticism of the Chinese regulatory system in October. ....