U.S. Justice Department prepares Google antitrust probe: sources

U.S. Justice Department prepares Google antitrust probe: sources
(Reuters) – The U.S. Justice Department is preparing an investigation of Alphabet Inc’s Google to determine whether the tech giant broke antitrust law in operating its sprawling online businesses, two sources familiar with the matter said. FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann Officials from the Justice... Read More

U.S. Justice Department prepares antitrust investigation of Google – sources

U.S. Justice Department prepares antitrust investigation of Google – sources
FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann (Reuters) – The U.S. Justice Department is preparing an investigation of Alphabet Inc’s Google to determine whether the tech giant broke antitrust law in how it operates its sprawling online businesses, two sources familiar with the matter said. Officials from... Read More

U.S. Justice Department prepares anti-trust investigation of Google: WSJ

U.S. Justice Department prepares anti-trust investigation of Google: WSJ
FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland December 5, 2018. REUTERS/Arnd Wiegmann (Reuters) – The U.S. Justice Department is preparing an anti-trust investigation of Alphabet Inc’s Google, the Wall Street Journal reported on Friday, citing sources. The probe is expected to examine Google practices linked to search and other businesses, according to... Read More

Struggles of transport stocks transmit caution to market

Struggles of transport stocks transmit caution to market
NEW YORK (Reuters) – Add this to worries about Wall Street: The index of planes, trains and trucking companies, considered an important stock barometer of the U.S. economy’s health, is struggling. FILE PHOTO: Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., May 14, 2019. REUTERS/Brendan McDermid The Dow Jones Transportation Average swooned... Read More

Auto sector scrambles after Trump threatens Mexican tariffs

Auto sector scrambles after Trump threatens Mexican tariffs
WASHINGTON (Reuters) – Global auto and parts manufacturers scrambled on Friday to make contingency plans and look at ways of speeding some deliveries after U.S. President Donald Trump threatened new tariffs on all Mexican imports starting early next month. A carrier trailer transports Toyota cars for delivery while queuing at the border customs control to cross into the U.S., at... Read More

Target Trump’s base if trade spat worsens, Mexican farm lobby says

Target Trump’s base if trade spat worsens, Mexican farm lobby says
MEXICO CITY (Reuters) – The Mexican government should target agricultural goods produced in states that have voted for U.S. President Donald Trump’s Republican Party if the trade conflict between the two neighbors worsens, the head of Mexico’s main farm lobby said on Friday. Bosco de la Vega, head of Mexico’s national farm council CNA, told Reuters that such retaliatory measures... Read More

United Technologies wins $3.24 billion U.S. defense contract: Pentagon

United Technologies wins $3.24 billion U.S. defense contract: Pentagon
FILE PHOTO: United Technologies logo is displayed on a screen at the post where it’s stock is traded on the floor of the New York Stock Exchange (NYSE) in New York, U.S., September 5, 2017. REUTERS/Brendan McDermid WASHINGTON (Reuters) – United Technologies Corp’s Pratt and Whitney Engines has been awarded the $3.24 billion modification to a U.S. defense contract for... Read More

Amazon seen spreading its tentacles to 5G with T-Mobile interest

Amazon seen spreading its tentacles to 5G with T-Mobile interest
NEW YORK (Reuters) – One influential analyst called Amazon.com’s reported interest in the U.S. wireless market “batshit crazy.” Another said it was a “trojan horse” to kill off the big wireless players. FILE PHOTO: A logo of the upcoming mobile standard 5G is pictured at the Hanover trade fair, in Hanover, Germany March 31, 2019. REUTERS/Fabian Bimmer What’s becoming clear... Read More

Wall St. skids, jolted by Trump’s surprise tariff threat on Mexico

Wall St. skids, jolted by Trump’s surprise tariff threat on Mexico
NEW YORK (Reuters) – U.S. stocks dropped on Friday, as the S&P 500 closed out the month with its biggest May slump since 2010, after President Donald Trump’s surprise threat of tariffs on Mexico fueled fears that a trade war on multiple fronts could lead to a recession. Washington will impose a 5% tariff from June 10, which would rise... Read More