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By Foo Yun Chee BRUSSELS (Reuters) – U.S. law firm and class action specialist Hausfeld launched a platform on Tuesday to help pursue claims against Google, posing a potential headache for the world’s No. 1 Internet search engine amid its regulatory troubles in Europe. Hausfeld has coordinated various high-profile class action cases, including for companies affected by an air cargo pricing cartel, investors impacted by currency-rigging by banks and firms
(Reuters) – Apple Inc is looking to move into the original programming business to compete with video streaming companies such as Netflix Inc , Variety reported on Monday. Apple, which aims to begin offering the service next year, has held preliminary talks with executives from Hollywood in recent weeks to gauge their interest in producing entertainment content, Variety reported, citing sources. Such a move could mean increased competition for Netflix
An explosion in the number of new Internet addresses has created a wealth of opportunities for criminals exploiting shady domains such as .zip, .kim or .party, according to an industry study published on Tuesday. An analysis of tens of millions of websites by enterprise security company Blue Coat found the most dangerous top-level domains (TLDs) were .zip, .review and .country, while the safest new ones were .london, .tel and .church.
Payments firm Klarna launched its U.S business on Tuesday and said Overstock.com, one of the biggest U.S. online retailers, would be its first major retail partner. Sweden-based Klarna, founded in 2005 and backed by investors such as Sequoia Capital and Atomico, is now planning for rapid expansion in the United States, where it will take on rivals such as PayPal and Stripe. “I would be disappointed if we didn’t have
U.S. stocks fell about 2 percent on the first day of trade for September as weak Chinese data pressured global markets.
The market has yet to prove that it has priced in concerns ranging form the China slowdown, emerging-market spillover and Federal Reserve coin toss decision on rates.
Global economic growth is likely to be weaker than earlier expected and will remain at moderate levels, the head of the International Monetary Fund said Tuesday. IMF Managing Director Christine Lagarde …
The U.S. auto industry powered ahead in August, shrugging off gyrating stock markets to stay on pace for the best annual sales since 2001. Early returns on Tuesday indicated sales of about 17.5 million vehicles on an annualized basis, easily besting the forecast of 17.3 million vehicles, according to a Thomson Reuters poll of 47 economists. Roller-coaster stock markets appeared to have no major impact on auto purchases, which are
U.S. construction spending in July climbed to its highest level in more than seven years, boosted by an increase in the building of houses, factories and power plants. The Commerce Department said Tuesday …
Hilton is hailing the ride sharing service Uber to help guests reach its hotels and then explore the city where they are staying. The companies said Tuesday that Hilton guests will be able to set up automatic …
