Business News

EU hits Google with record $2.7b antitrust fine

foxbusiness.com

Article Reprint

The European Union’s antitrust regulator on Tuesday fined Alphabet’s Google a record EUR2.42 billion ($2.71 billion) for favoring its own comparison-shopping service in search results and ordered the search giant to apply the same methods to rivals as its own when displaying their services.  Read More

Pages: 1 2 3

Sarah Palin Sues New York Times for Defamation

On Tuesday evening, former Alaska Governor Sarah Palin hired Hulk Hogan’s lawyers and sued the New York Times for defamation for falsely accusing her in a June 14 editorial of inciting Jared Lee Loughner to shoot Rep. Gabby Giffords (D-AZ). The Times’ editorial was published on the day that James Hodgkinson shot House Majority Whip Steve Scalise (R-LA) while he was practicing for the Congressional Baseball Game with his GOP teammates.

By: TONY LEE

Article Reprint

“Today, Sarah Palin took a stand against The New York Times Company by filing a lawsuit which seeks to hold The Times accountable for stating that Governor Palin is part of a ‘sickeningly familiar pattern’ of politically motivated violence and that she incited the horrific 2011 shooting of Representative Gabby Giffords, a tragedy where the gunman seriously wounded numerous people and killed 6, including a federal judge and a 9-year-old girl,” Palin’s lawyers—Ken Turkel, Shane Vogt, and S. Preston Ricardo—said in a statement. Read More

Pages: 1 2 3 4

Mark Zuckerberg Compares Facebook To ‘Churches’ and ‘Community Support Groups’

Mark Zuckerberg recently stated his desire to have Facebook act as a community for it’s users, replacing “churches” and “community support groups.”

Article Reprint

Justin Sullivan/Getty Images

Speaking at Facebook’s first Communities Summit in Chicago last week, Mark Zuckerberg discussed a number of topics, including Facebook’s new mission statement which was changed from “connecting the world” to a new goal, to “give people the power to build community and bring the world closer together.” Following criticism that Facebook was complicit in the spread of “fake news,” Zuckerberg stated, “Our mission of connecting people, that was not supposed to be controversial. So now the question is, why is that a controversial thing, and how do you rebuild that?”

Read More

Pages: 1 2

Jeff Bezos Regains Spot As World’s Second-Richest Person Following Whole Foods Announcement

By: Noah Kirsch 

Article Reprint

Jeff Bezos’ net worth rose $2.5 billion in two hours following Amazon’s revelation that it will acquire Whole Foods for $13.7 billion in cash, or $42 per share. The offer represents a 27% premium over Thursday’s closing price. Investors immediately welcomed the news, boosting Amazon’s stock more than 3% by 11 AM Eastern Time. Read More

Pages: 1 2

George Clooney Could Get Up To $233 Million From Casamigos Tequila Sale

By: Natalie Robehmed

Article Reprint

It’s a great month to be George Clooney. Two weeks ago, he became a father to twins. On Wednesday, British liquor giant Diageo announced it would purchase Casamigos, the tequila company he cofounded, for up to $1 billion. Read More

Pages: 1 2 3

Patriots’ owner says NFL’s future is through livestreaming

Article Reprint

New England Patriots owner Robert Kraft said the future of NFL broadcasts is in “over the top” deals like the livestreaming agreement the NFL signed with Amazon this spring.

Read More

Pages: 1 2 3

What the label doesn’t say gets 984 pounds of pork pulled from the shelves

Article Reprint

Miami food distributor Embutidos Fanguito has recalled 984 pounds of pork products shipped to retail stores around the state for, among other reasons, being labeled incorrectly as cooked products. Read More

Pages: 1 2

Uber CEO Travis Kalanick Takes A Lift Out Of His Position

BTN STAFF

Travis Kalanick has resigned from his position as the chief executive of Uber. In addition to the death of his mother in a boating accident, there was also a demand from investors for Kalanick to resign. “I love Uber more than anything in the world and at this difficult moment in my personal life I have accepted the investors request to step aside so that Uber can go back to building rather than be distracted with another fight,” Kalanick said in a statement. No word on is going to replace Kalanick at the position. To read more about this story click here.