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Judge in Texas lawsuit against Google issues protective order
  + stars: | 2021-04-14 | by ( Reuters Staff | ) www.reuters.com sentiment -1.00   time to read: +2 min
FILE PHOTO: The Google Inc. logo is seen outside their headquarters in Mountain View, California August 18, 2004. REUTERS/Clay McLachlan/File PhotoWASHINGTON (Reuters) - The judge hearing the Texas antitrust lawsuit against Alphabet Inc’s Google put limits on what the search giant’s in-house lawyers can see in an order aimed at ensuring that confidential information used in an upcoming trial remains secure. In-house counsel for Google is barred from seeing “highly confidential” information under the order unless it is given permission by the court or the affected company. The Texas lawsuit accuses Google of violating the law in how it dominates the process of placing ads online. The protective order also requires people who receive confidential and highly confidential information to agree to allow electronic devices used in their work on the lawsuit to be searched if needed as part of a forensic investigation into a potential leak.
Persons: Clay McLachlan, Judge Sean Jordan Organizations: Google Inc, REUTERS, WASHINGTON, Google, U.S, Eastern, Eastern District of, Facebook Inc, Publishers Locations: Mountain View , California, Texas, Eastern District, Eastern District of Texas
MEXICO CITY (Reuters) - Television Univision, a newly formed Spanish media venture, will launch its planned streaming platform in the United States and Mexico next year before expanding elsewhere in Latin America and in Europe, its chief executive told Reuters on Wednesday. FILE PHOTO: The logo of broadcaster Televisa is seen outside its headquarters in Mexico City, Mexico, March 9, 2017. ... We will then think about the European Spanish market,” Univision Chief Executive Wade Davis, who will also lead the new venture, said in a phone interview. “The combination of Televisa (and) Univision will allow asubstantial increase in investment in content,” Azcarraga told Reuters. It is expected to generate between $5 billion and $5.5 billion of leverage-free cash flow over the coming years, Davis added.
Persons: Edgard Garrido, Wade Davis, Davis, Emilio Azcarraga, ” Azcarraga, ” Davis, Alfonso de Angoitia, Andres Manuel Lopez Obrador, Organizations: MEXICO CITY, Television Univision, Reuters, Televisa, REUTERS, Netflix Inc, Disney, Grupo Televisa, Univision, Mexico’s, Spanish, Google, American, Televisa Co, Itau, Televisa Univision Locations: MEXICO, Spanish, United States, Mexico, America, Europe, Mexico City, Mexican
Turkey fines Google for abusing dominant position
  + stars: | 2021-04-14 | by ( Reuters Staff | ) www.reuters.com sentiment -0.99   time to read: 1 min
FILE PHOTO: A 3D printed Google logo is seen in this illustration taken April 12, 2020. REUTERS/Dado Ruvic/Illustration/File PhotoANKARA (Reuters) - Turkey’s Competition Board said on Wednesday it had fined Google more than 296 million lira ($36.65 million) for abusing its dominant position in the search engine services area. In a statement, it said Google had provided advantages to its own accommodation price comparison and its local search services over their competitors. In addition to the fine, it said Google must ensure within six months that competitors are not disadvantaged and it has report to the board every year for five years about the issue. ($1 = 8.0772 liras)
Persons: Dado Ruvic Organizations: REUTERS, Google Locations: ANKARA
Dozens of companies, including Amazon, Google, Starbucks and Netflix, joined hundreds of business leaders, celebrities, and other prominent names to sign a new statement opposing “any discriminatory legislation” that would restrict ballot access. The statement, appearing Wednesday as advertisements in The New York Times and The Washington Post, is the latest and largest mobilization by corporate America against restrictive voting legislation advanced by Republicans around the country. “We stand for democracy,” the statement, stretched across two full pages, reads. In addition to companies and their leaders, the statement's signatories includes celebrities, major law-firms, and nonprofits. John Kushner, brother to Trump son-in-law Jared Kushner and founder of venture capital firm Thrive Capital, also signed the letter.
Persons: Wells Fargo, George Clooney, Paula Abdul, Michael Bloomberg, Mark Ruffalo, Demi Lovato, Brian Cornell, Warren Buffett, John Kushner, Trump, Jared Kushner, Donald Trump, , Mike Ward, Ward, Organizations: Amazon, Google, Starbucks, Netflix, New York Times, Washington, Republicans, Times, Target, Bank of America, Apple, Cisco, Berkshire Partners, American Express, Brennan Center for Justice, New York University, Civic Alliance, NBC News Locations: Wells
Walmart Marketplace grew to an estimated 70,000 sellers in 2020, fueled by a surge in online shopping due to the Covid-19 pandemic and a series of investments in technology and vendor relationships reported here for the first time. Walmart has already added over 130 new Chinese sellers, Marketplace Pulse said. “We do not plan to lower our bar or change our vetting standards, our monitoring or management of sellers,” Jeff Clementz, Vice President of Walmart Marketplace, said. (Graphic: Walmart Marketplace vendors seen rising sharply - )Some vendors described a rigorous process to get on Walmart Marketplace that can take weeks and includes submitting bank account information, sales records and social security details. Hoping to address complaints from sellers, Walmart hired “strategic account managers” who cater to top vendors.
Persons: Mike Segar, , , Cal Chan, raff, ” Jeff Clementz, Bradley Sutton, Marc Lore, Doug McMillon, Lore, Clementz, Michael Lebhar, Ryan Ebel Organizations: CHICAGO, Walmart, REUTERS, Amazon Inc, Reuters, Amazon, Google, Facebook, Insider Intelligence, U.S, Clementz, PayPal, Intel, Amazon Prime Locations: West Haven , Connecticut, U.S, India, United States, , Las Vegas
Walmart has distinguished itself as a safer, less crowded marketplace than rivals like Amazon, making it easier for merchants to stand out and sell products. Walmart has already added over 130 new Chinese sellers, Marketplace Pulse said. “We do not plan to lower our bar or change our vetting standards, our monitoring or management of sellers,” Jeff Clementz, Vice President of Walmart Marketplace, said. Some vendors described a rigorous process to get on Walmart Marketplace that can take weeks and includes submitting bank account information, sales records and social security details. Hoping to address complaints from sellers, Walmart hired “strategic account managers” who cater to top vendors.
Persons: , , Cal Chan, raff, ” Jeff Clementz, Bradley Sutton, Marc Lore, Doug McMillon, Lore, Clementz, Michael Lebhar, Ryan Ebel Organizations: Amazon Inc, Walmart, Reuters, Amazon, Google, Facebook, Insider Intelligence, U.S, Clementz, PayPal, Intel, Amazon Prime Locations: India, United States, , U.S, Las Vegas
Apple Could Use a Spring Fling
  + stars: | 2021-04-14 | by ( Dan Gallagher | ) www.wsj.com sentiment -1.00   time to read: +2 min
Apple shares jumped 2.4% Tuesday after the company announced an April 20 event to showcase some unnamed new products. That has left investors wondering what’s next; the much-rumored Apple car still seems years away at best. There is also the global semiconductor production shortage, which doesn’t bode well for a company that draws 82% of its revenue from devices packed with chips. Japan’s Nikkei newspaper reported last week that production on some Macs and iPads has been postponed due to the shortage. So Apple’s event next week gives the company a chance to at least add some better news to the mix.
Persons: Apple, what’s, doesn’t bode, don’t Organizations: Apple Inc, Apple, Microsoft, Facebook, Google, Inc, Nikkei, Epic Games
Microsoft's Nuance acquisition shows that the company has the cash and the clout to close big deals. The deal — Microsoft's second-largest ever after LinkedIn — follows a big run of M&A at the tech titan. Meanwhile, Microsoft is still said to be in talks to acquire Discord, the ubiquitous chat app, for as much as $10 billion. The company has only benefitted from the pandemic-driven remote work surge, ending its 2020 fiscal year with $136 billion cash on hand. "The key insight for all of these big tech companies is that given their core business, cash is practically unlimited, even as said unlimited cash makes it harder to create the conditions for innovation," Thompson writes.
Persons: , LinkedIn —, Satya Nadella —, Dan Ives, Dan Romanoff, Brad Smith, Smith, Slack —, Justice Department —, Slack, Pat Moorhead, Ben Thompson, Thompson, Carolina, Wedbush's Ives, Nadella, Ives, Morningstar's Romanoff Organizations: Microsoft, Communications, Windows, LinkedIn, Zenimax Media, Networks, Oracle, Big Tech, Google, Netflix, Apple, Facebook, Securities, Capitol, Justice Department, European Commission, Moorhead, GitHub, Creative Locations: Brussels
Google backs former DeepMind employee’s 'solar forecasting' start-up
  + stars: | 2021-04-14 | by ( Sam Shead | ) www.cnbc.com + 0.00   time to read: +4 min
A portion of the Stafford Hill solar power project gathers energy from the sun in Rutland, Vt., on Tuesday, Sept. 15, 2015. LONDON — Google is backing a climate change start-up founded by an ex-DeepMind employee through its philanthropic arm, Google.org. The London-headquartered start-up is aiming to build an online solar electricity forecasting service for the U.K. and Europe. The service will aim to predict cloud cover, which determines how much electricity solar panels can generate, through a combination of satellite images and new artificial intelligence software. Open Climate Fix hopes that its solar forecasting service will provide better forecasts to electricity grid operators so they can make more accurate predictions.
Persons: Jack Kelly, Kelly, didn't, That's, Rowan Barnett, we've Organizations: Green Mountain, Google, Google.org's, CNBC, National Grid, Grid, EMEA, APAC, Labs, Microsoft Locations: Stafford, Rutland , Vt, Rutland, New England, London, Europe, Cornwall, Britain
The Triumph of the Celebrity Endorsement
  + stars: | 2021-04-14 | by ( Amanda Hess | ) www.nytimes.com + 0.00   time to read: +4 min
This has all helped to usher in a golden age of celebrity branding. Today you can wear Kim Kardashian shapewear under Nicole Richie sleepwear on a Rita Ora duvet tossed with an Ellen DeGeneres pillow. Zeta-Jones’s new line of coffees reminded me of the branding saga that embroiled a former co-star, George Clooney, in the early 2000s. (In 2015, Clooney emerged from the Nespresso closet, too, signing on to rep the brand in North America.) The consumerist mode of celebrity performance has grown more acceptable as it’s become increasingly clear that Hollywood work is not always so enviable, especially for women.
Persons: Kim Kardashian, Nicole Richie sleepwear, Rita Ora duvet, Ellen DeGeneres, Jennifer Garner, Jessica Alba, Kristen Bell, Dax Shepard, Drake, Post Malone, Jax Taylor, Lance Bass, Wiz Khalifa, Seth Rogen, Addison Rae, George Clooney, Clooney, Rande Gerber, Ken Lindner ”, “ Mario Lopez’s, slingers Matthew McConaughey, Dolly Parton, Georgie, Crypto, Chrissy Teigen, Hulk Hogan, it’s, Teigen, Kardashian, Kris Jenner Organizations: Nestle, Google, Gentlemen, Twitter Locations: Wiz, Jalisco, North America, Cravings
I'm Dan DeFrancesco, and here's what's on the agenda today:JPMorgan Chase poached a trio of executives from Goldman Sachs, Wells Fargo, and Google to focus on digital banking. Merrill Lynch's decision to halt financial advisor trainees from reaching out to prospective clients is hurting the group's morale. The future of WFH could be filled with uncertainty. If you're not yet a subscriber, you can sign up here to get your daily dose of the stories dominating banking, business, and big deals. Feel free to drop me a line at ddefrancesco@businessinsider.com or on Twitter @DanDeFrancesco.
Persons: I'm Dan DeFrancesco, here's what's, JPMorgan Chase, Goldman Sachs, Wells, Merrill Lynch's, Nicholas Bloom Organizations: Finance, JPMorgan, Goldman, Google, Stanford University Locations: Wells Fargo
Can Medical Alexas Make Us Healthier?
  + stars: | 2021-04-14 | by ( Shira Ovide | ) www.nytimes.com sentiment -0.98   time to read: +1 min
This article is part of the On Tech newsletter. Are voice recognition technologies like Alexa helpful in medicine or are they hogwash? Microsoft on Monday said that it would spend roughly $16 billion to buy Nuance Communications, whose speech transcription software is used in health care. The big hope of technology in medicine is that it can help make us healthier and improve America’s expensive and often ineffective and unjust health care system. The message that I have heard from medical experts is that there’s potential there, but there is also a lot of hot air.
Organizations: Tech, Microsoft, Google
Hundreds of companies speak out against discriminatory voting laws
  + stars: | 2021-04-14 | by ( ) www.cnbc.com sentiment -0.95   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHundreds of companies speak out against discriminatory voting lawsHundreds of companies and executives have signed on to a new statement opposing any discriminatory legislation that would make it harder for people in the U.S. to vote. The new signatories include Amazon, BlackRock, Google and Warren Buffett. CNBC's Andrew Ross Sorkin reports.
Persons: Warren Buffett, CNBC's Andrew Ross Sorkin Organizations: Amazon, Google Locations: U.S, BlackRock
Mike Lindell's platform Frank is set to go live on Monday but VIPs can get access from Thursday. You can now sign up for VIP access to Frank, the social-media site being launched by MyPillow CEO Mike Lindell but if you choose to join, you'll still have to be careful about what you post. Although the site supports free speech, people won't be able to post swear words, porn, or death threats, Lindell said. "Free speech is not pornography, free speech isn't 'I'm gonna kill you.'" Lindell said in the video that people who do would be able to get access to the site at midnight on Thursday.
Persons: Mike Lindell's, Frank, Lindell, he'd, Mike Lindell, you'll, Donald Trump, Read, Trump, We're, Eric Metaxas, influencers Organizations: YouTube, Twitter, Newsweek, Web Services, Apple, Google, Trump, likeminded
And just as notable as the names who signed the statement are those that didn’t. The statement represents the broadest coalition yet to weigh in on the issue, coming after few big companies spoke up before a restrictive voting law passed in Georgia last month. The statement came together over the past week and a half, organized by Ken Chenault, a former C.E.O. Many companies declined to sign the statement, and some executives, such as Mr. Buffett, signed for themselves but not on behalf of their companies. JPMorgan Chase also declined to sign the statement despite a personal request from senior Black business leaders to Jamie Dimon, who made a statement on voting rights before.
Persons: Warren Buffett, David Gelles, Andrew, Ken Chenault, Ken Frazier, Chenault, Frazier, Buffett, JPMorgan Chase, Jamie Dimon, Doug McMillon, , Mr, McMillon, Goldman Sachs Organizations: Google, The, Merck, JPMorgan, Walmart, Roundtable Locations: BlackRock, The Times, Times, Georgia
The AI startup raised $18M to further its defense work and expand into healthcare and manufacturing. With millions in Air Force deals, Virtualitics is betting on AI growth as the US competes with China. The five-year-old startup just raised an $18 million Series B-1 round led by North Sound Ventures. This round brings the Pasadena, California-based startup's Series B round to $25 million, with $29.4 million raised overall. And so we kind of really pursued it and, and that led to more and more contracts," Amori told Insider.
Persons: Virtualitics, Brian Miller, Michael Amori, Amori, what's, Lockheed Martin, Palmer, Peter Thiel —, Alex Wong, Joe Biden's, Trump, Michael Groen, Maven, It's Organizations: Air Force, California Institute of Technology, NASA Jet Propulsion, Department of Defense, North Sound Ventures, North Sound Partners, Service, Salesforce, Google, Microsoft, Defense Department, Northrop Grumman, Lockheed, Pentagon, Anduril Industries, Artificial Intelligence, Getty, Big Tech, DOD Locations: China, Connecticut, Pasadena , California, Silicon Valley
Hundreds of US companies and executives signed a statement opposing laws that make it harder to vote. Others including like Coca-Cola, Delta Air Lines, and JPMorgan Chase declined, The New York Times reported. Hundreds of US companies and executives have signed a statement opposing "any discriminatory legislation" that would make it more difficult for people to vote. Companies that signed the statement include:General MotorsNetflixStarbucksAmazonBlackRockGoogleTargetFacebookBank of AmericaMasterCardUnited AirlinesInvestor Warren Buffett, nonprofit organizations, and major law firms also signed. But The Times reported that multiple companies refused to sign the statement, including Georgia-based Coca-Cola, Delta Air Lines, and Home Depot.
Persons: JPMorgan Chase, Google Target Facebook Bank of America MasterCard United Airlines Investor Warren Buffett, Kenneth Chenault, Kenneth Frazier, Arthur Blank, Jamie Dimon Organizations: Companies, Netflix, Starbucks, Amazon, MasterCard, Facebook, Google, Delta Air Lines, JPMorgan, New York Times, Georgia's, General Motors Netflix, Google Target Facebook Bank of America MasterCard United Airlines Investor, The New York Times, Washington, American Express, Merck, Times, Depot, The Times Locations: Georgia
Amazon Echo Buds (2nd gen) price and availabilityThe new Echo Buds ship in May and are available for preorder on Amazon starting April 14. Among the biggest differences between the original Echo Buds and the second-generation Echo Buds are the design and fit. The new Echo Buds are 20% smaller than their predecessors and the case is 40% leaner, more closely resembling the AirPods Pro's case. The Echo Buds will also gain new features like "Find My Buds," which as its name suggests prompts your buds to make a chime if misplaced. The new Echo Buds seem like they could be a promising option for avid Alexa users, especially since they're priced more affordably than the original Echo Buds were at launch.
Persons: It's, There's, Miriam Daniel, we've, Daniel, They'll Organizations: Samsung, Google, Bloomberg, Apple, Amazon, Echo
New York (CNN Business) Hundreds of prominent executives from high-profile companies, including Amazon, Google, BlackRock and Starbucks, signed a statement that opposes discriminatory legislation that makes voting harder. The statement, printed Wednesday in an advertisement in the New York Times, was organized by Ken Chenault and Ken Frazier, two of America's most prominent Black corporate leaders. The statement called democracy a "beautifully American ideal" and for it to work, "we must ensure the right to vote for all of us." "We all should feel a responsibility to defend the right to vote and to oppose any discriminatory legislation on measures that restrict or prevent any eligible voter from having an equal and fair opportunity to cast a ballot," it continued. Wednesday's statement was a sign of solidarity after weeks of warring between Republicans and a smaller group of Georgia-based companies that spoke out after public pressure.
Persons: Ken Chenault, Ken Frazier Organizations: CNN, Amazon, Google, BlackRock, Starbucks, New York Times Locations: York, Georgia , Texas, Georgia
Desperate for advice on remote work, many companies have turned to economist Nicholas Bloom. Desperate for advice, many companies have turned to Nicholas Bloom, an economics professor at Stanford University. He was not only one of the few economists who had ever studied remote work before 2020 but also already in Silicon Valley's backyard teaching at a university that's basically synonymous with the tech industry. "Let employees pick their schedules and let them change as their views evolve," he wrote in a brief in June. Combine that with the fact that, in his earlier research, remote employees were promoted less than their office counterparts.
Persons: Nicholas Bloom, Bloom, he's, wouldn't, that's, we've Organizations: Stanford University, Microsoft, Facebook, Google, Apple, Twitter, Intel, Workers Locations: San Francisco, Hawaii, Bloom, Alaska
On a team with both remote and in-office employees, the people working from home can feel excluded. For a hybrid model to work, remote workers must be granted the same opportunities as in person. Now, the team is split: Operations employees work in person in warehouses and in the field, while the customer experience and corporate staff work remotely. "The biggest challenge with having a hybrid model is ensuring that remote employees have the same opportunities as their in-person counterparts," Reig told Insider. "Remote employees may feel out of these loops and may start to depend on separate group chats or scheduled phone calls just with the remote team."
Persons: Slack, Frank Reig, Reig, Nathalie Weiss, Eden Brachot, they're, Revel, they've, Mariel Davis, Davis, who's, Marc Boscher, Boscher, we've, Mallory Blair, it's, Blair, Weiss, Ark, Akhila Satish, Satish, Bolt, Ryan Breslow, Breslow, They've Organizations: Google, Samsung, UPS, Small Girls Locations: New York, Los Angeles
On the day of Coinbase's direct listing to go public, prominent tech investor Ron Conway called the crypto economy "the next multi-trillion dollar opportunity in innovation." "I absolutely believe that Coinbase is the Google for the crypto economy and opens this huge opportunity to consumers," Conway said. He said the crypto economy is growing rapidly but is still only "in its infancy." Conway said Coinbase stands out as a market leader because it focuses entirely on cryptocurrency, rather than tacking it onto other features of a business. Coinbase also continues to branch out, he said, by "constantly adding new crypto services and new coins available to its service."
Persons: Ron Conway, Conway, Coinbase, Brian Armstrong Organizations: Facebook, Google, CNBC, YouTube Locations: America, China, United States
Coinbase is Google for the crypto economy, says SV Angel co-founder
  + stars: | 2021-04-14 | by ( ) www.cnbc.com sentiment -0.57   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCoinbase is Google for the crypto economy, says SV Angel co-founderRon Conway, SV Angel co-founder and early Coinbase investor, joins "TechCheck" to discuss the debut of Coinbase on the Nasdaq.
Persons: SV Angel, Ron Conway Organizations: Google, SV, SV Angel, Nasdaq Locations: Coinbase
Amazon is targeting budget shoppers with its new Echo Buds headsets, internal documents show. Amazon is hoping the lower price point of its Echo Buds will set it apart in the crowded field of wireless headsets. The new Echo Buds were initially supposed to be released late last year, but were delayed, according to internal documents. 'Price performance'According to the internal documents, "price performance" is mentioned first in a list of five top differentiators and customer benefits. The documents list forecast buyers alongside general population consumers, and show Amazon targeting an outsized proportion of consumers from low-income households.
Persons: Powell, , Amazon's, Apple's Organizations: Apple, Google, Samsung, Alexa, Amazon
China has cracked down on Jack Ma and his companies Ant Group and Alibaba recently. The government may be targeting him, but China is also focused on reining in billionaires at large. A wealth gap has widened, posing issues for the communist nation, which strives for distributed wealth. Besides the US, China has the most billionaires out of every country in the world — 626 to be exact, according to Forbes. Such economic disparities have caused political problems for the Chinese Communist Party, which strives to preserve an evenly distributed wealth system.
Persons: Jack Ma, Jack Ma's, Ant, Ma brazenly, Xi Jinping, China —, Alibaba, Andrew Burton, Daniel Zhang, Read, Bytedance Organizations: Ant Group, Jack Ma's Ant, Party, Nikkei, Communist, New York Times, Bloomberg, Forbes, Chinese Communist Party, NYSE, Getty, Amazon, Microsoft, Google, Wall Street, Communist Party Locations: China, Nikkei Asia, China Communist China, Beijing, Swedish
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