EU opens investigation into Amazon's e-book business
By Julia Fioretti BRUSSELS (Reuters) – The European Commission opened a formal antitrust investigation into Amazon’s e-book business on Thursday, opening yet another front in mounting EU scrutiny of America’s global tech giants. The Commission said it would look in particular into certain clauses included in Amazon’s contracts with publishers. The Commission said this could violate EU antitrust rules that prohibit abuses of a dominant market position and restrictive business
By Dan Levine SAN FRANCISCO (Reuters) – At least two Apple Inc retail store workers complained directly to Chief Executive Tim Cook that the company’s policy of checking retail employees’ bags as a security precaution was embarrassing and demeaning, according to a court filing made public on Wednesday. The employee complaints, which a judge ordered unsealed, are part of a 2013 lawsuit alleging Apple should compensate employees for the time
Playing down the threat to his business from the world’s most valuable company, the founder of music streaming service Spotify said the industry was big enough for several players and his firm did not have to be number one. “To me it is enough to be among the top three,” Daniel Ek told Swedish business daily Dagens Industri in an interview published on Thursday, his first since Apple launched its
A digital pen that allows users to document and share a digital copy of a scribble, sketch or note written on any surface has been developed in Israel. When paired with a smartphone, ‘Phree’ frees users from the need to write on paper or the screen itself. Resembling traditional hand-held pens in size and shape, its developers say that Phree’s appeal is in preserving the ancient act of writing or
(Reuters) – New York law enforcement officials have written to eBay Inc and PayPal Inc this week, saying the companies’ revised user policies “raise issues” under consumer protection laws. Ebay’s updated user agreement is scheduled to take effect on Monday and PayPal’s will become effective on July 1. “Consumer choice and privacy preferences are protected by state and federal laws — including laws that specifically aim to stop companies from
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Saudi Arabia is ready to increase its oil output in the coming months to a new record to meet a rise in global demand, despite increased domestic use, a senior state oil company official said on Thursday.
The US will experience secular stagnation due to demographics and the nature of the recovery, economist Russell Price says.
Lululemon founder Dennis “Chip” Wilson is selling his family’s remaining stake in the yoga gear maker a year after pushing for board changes. Wilson is selling about 20.1 million shares at $60.95 …
As if it didn’t have enough information on you already, Facebook now wants to know about any business or store you set foot in. Facebook is sending out free Bluetooth beacon devices to any U.S. business that requests one. While reassuring users that the system doesn’t allow businesses to collect any information from people or their phone or change the kind of location information it receives, Facebook can still track
