EU says it has 4 concerns where Google may abuse dominant position, asks quick remedies
BRUSSELS - The European Union said on Monday that Google Inc. must in "a matter of weeks" outline steps it is willing to take to ease concerns about alleged abuses of its dominant position in the online search market.
European antitrust chief Joaquin Almunia said that after a 1 1/2 year inve...
Monday , May 21, 2012
Dow, S&P 500 rise as economists see growth for jobs and housing; Facebook slides
NEW YORK, N.Y. - U.S. stocks are rising, shaking off their worst weekly performance since November, as investors latched on to a relatively optimistic report from economists.
The Dow Jones industrial average is up 78 points to 12,448 after six days of losses. If it finishes the day with a ga...
Monday , May 21, 2012
Canadian banks to grow profits in second quarter, but at a slower rate
TORONTO - After starting the year with strong earnings momentum, Canada’s biggest banks will likely report slower growth in the second quarter when they begin rolling out results this week.
Earnings for the big Canadian banks are expected to slip four per cent from the first-quarter, accordi...
Monday , May 21, 2012
Yahoo agrees to sell half of its stake in China’s Alibaba for about $7.1 billion
HONG KONG - Struggling Internet company Yahoo Inc. has secured a lifeline after agreeing to sell half of its prized stake in Chinese e-commerce group Alibaba for about $7.1 billion, with most of the cash going to shareholders.
The deal, announced Sunday in the U.S., will see Alibaba Group bu...
Monday , May 21, 2012
China’s premier calls for higher priority on economic growth amid slowdown
BEIJING, China - Premier Wen Jiabao called for more priority to be given to boosting China’s slowing economic growth, a state news agency reported Sunday, after unusually weak industrial activity in April prompted alarm about the world’s second-largest economy.
During a weekend trip to the i...
Sunday , May 20, 2012
