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Aristotle Balogh Business Danielle Brown Google news 

Google employee’s anti-diversity memo prompts company rebuke

August 7, 2017 By Sam Forgione (Reuters) – Google executives over the weekend rushed to denounce an engineer’s memo that ascribed gender inequality in the technology industry to biological differences, a view that sparked outrage at the internet giant and inflamed tensions over sexual harassment and discrimination in Silicon Valley. The unnamed engineer asserted in the 3,000-word document that circulated inside the company last week that “Google’s left bias has created a politically correct monoculture” which prevented honest discussion of the issue. “Distribution of preferences and abilities of men and…

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Business debate Google offer U.S. 

S&P 500 to exclude Snap after voting rights debate

August 1, 2017 By Trevor Hunnicutt NEW YORK (Reuters) – The S&P 500 will start excluding companies that issue multiple classes of shares, managers of the index said on Monday, a move that effectively bars Snap Inc after its decision to offer stock with no voting rights. The decision takes effect starting Tuesday, according to a statement by the manager of the widely used benchmark, S&P Dow Jones Indices LLC. Snap did not immediately respond to a request for comment. Existing components of the S&P index with several share classes…

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Amazon Business Google month tax 

S&P 500 dented by earnings; Dow hits record high

July 28, 2017 By Lewis Krauskopf (Reuters) – The S&P 500 slipped on Friday on negative reactions to earnings reports from high-profile names such as Amazon, Exxon and Starbucks and a drop in shares of tobacco companies. The Dow industrials, however, set a record high, buoyed by Chevron after the energy company’s results. Despite Friday’s share reactions, results overall have come in better than expected for the second quarter and stocks are trading near record highs. More than halfway through reporting season, S&P 500 companies are on track to increase…

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Amazon Business Google month tax 

Wall Street opens lower as Amazon weighs on tech stocks

July 28, 2017 By Tanya Agrawal (Reuters) – U.S. stock indexes opened lower on Friday as Amazon’s profit miss spooked investors and dragged down shares of other technology companies. Amazon’s shares were down 4.21 percent after it reported a 77 percent drop in profit as its rapid and costly expansion into new shopping categories and countries showed no sign of slowing. The stock was the biggest drag on the S&P 500 and the Nasdaq. The consumer discretionary index , of which Amazon is a component, was the worst performer among…

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Business Facebook Inc Google House internet 

House panel wants Google, Facebook, AT&T CEOs to testify on internet rules

July 25, 2017 By David Shepardson WASHINGTON (Reuters) – The chairman of the U.S. House Energy and Commerce Committee on Tuesday asked the chief executives of Alphabet Inc, Facebook Inc, Inc, AT&T Inc, Verizon Communications Inc and other companies to testify at a Sept. 7 hearing on the future of net neutrality rules. The U.S. Federal Communications Commission is considering tossing out 2015 Obama administration net neutrality rules that reclassified internet service like a public utility. The rules bar providers from blocking, slowing or offering paid prioritization of websites….

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Business EU Google month Rishika Sadam 

Alphabet beats Wall Street estimates; revenue up 21 percent

July 24, 2017 By David Ingram and Rishika Sadam (Reuters) – Alphabet Inc surpassed expectations for quarterly revenue and earnings on Monday, reporting higher advertising sales across its platforms and trying to move past a record $2.7 billion European Union fine by taking the entire charge at once. On a consolidated basis, revenue rose about 21 percent to $26.01 billion in the second quarter ended on June 30, beating the analysts’ average estimate of $25.65 billion, according to Thomson Reuters I/B/E/S. Earnings per share was $5.01, beating an average estimate…

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Big Three Google Hoover Quest Tech Top News U.S. 

Roomba vacuum maker iRobot betting big on the ‘smart’ home

July 24, 2017 By Jan Wolfe (Reuters) – The Roomba robotic vacuum has been whizzing across floors for years, but its future may lie more in collecting data than dirt. That data is of the spatial variety: the dimensions of a room as well as distances between sofas, tables, lamps and other home furnishings. To a tech industry eager to push “smart” homes controlled by a variety of Internet-enabled devices, that space is the next frontier. (Graphic: Rise of the robots – Smart home lighting, thermostats and security cameras…

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Business European Union France Google results 

French court refers ‘right to be forgotten’ dispute to top EU court

July 19, 2017 PARIS (Reuters) – EU judges will have to decide whether Google has to remove certain web search results globally to comply with a previous privacy ruling, after France’s supreme administrative court referred the issue to the top EU court on Wednesday. Google has gone head-to-head with the French data protection authority over the territorial scope of the so-called “right to be forgotten” whereby the search engine removes inadequate or irrelevant information from web results appearing under searches for people’s names in response to a 2014 ruling from…

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Economy FTC Google Republican Top News White House 

Trump missing chance to steer antitrust as key FTC slots go unfilled

July 7, 2017 By Diane Bartz WASHINGTON (Reuters) – The White House is passing up a chance to steer policy on everything from mergers to advertising as it delays choosing from three front-runners to name a permanent chair for the Federal Trade Commission. The FTC, which shares the work of antitrust enforcement with the Justice Department and pursues companies accused of deceptive advertising, is currently headed by acting Chairman Maureen Ohlhausen, who was named on Jan. 25. Even without a permanent chair and missing key staff, in the past month,…

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court EU Google Nils Wahl Tech Top News 

Top EU court to rule on Intel antitrust case on Sept 6

June 30, 2017 By Foo Yun Chee BRUSSELS (Reuters) – Europe’s top court will rule on Sept. 6 whether to uphold Intel’s appeal against a 1.06-billion-euro ($1.2 billion) EU antitrust fine, a case with ramifications for Google’s challenge against a record sanction handed out this week. The European Commission penalized U.S. chipmaker Intel in 2009 because it tried to squeeze out rival Advanced Micro Devices by giving rebates to PC makers Dell [DI.UL], Hewlett-Packard Co, NEC and Lenovo for buying most of their computer chips from Intel. The fine was…

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