Explainer: Advertising executives point to five ways Google stifles business

Explainer: Advertising executives point to five ways Google stifles business
SAN FRANCISCO/NEW YORK (Reuters) – U.S. authorities investigating Alphabet Inc’s (GOOGL.O) Google for anticompetitive behavior have recently begun probing the company’s $116 billion-a-year advertising business. FILE PHOTO: An illuminated Google logo is seen inside an office building in Zurich, Switzerland, December 5, 2018. REUTERS/Arnd Wiegmann/File Photo Attorneys general for 50 U.S. states and territories along with the U.S. Department of... Read More

Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion

Yahoo Japan bids for control of fashion e-tailer Zozo for $3.7 billion
TOKYO (Reuters) – Yahoo Japan Corp (4689.T) on Thursday offered to buy the majority of online fashion retailer Zozo Inc (3092.T) for 400 billion yen ($3.70 billion), to better compete against rivals Amazon.com Inc (AMZN.O) and Rakuten Inc (4755.T). FILE PHOTO : A website of Yahoo Japan Corp is seen on a computer screen at a Yahoo! Cafe, a free... Read More

Cathay Pacific freezes new hiring, to focus on cost cuts: memo

Cathay Pacific freezes new hiring, to focus on cost cuts: memo
FILE PHOTO: A Cathay Pacific Airways Airbus A350-900 airplane approaches to land at Changi International Airport in Singapore June 10, 2018. REUTERS/Tim Chong/File Photo HONG KONG (Reuters) – Cathay Pacific Airways Ltd (0293.HK) has put a freeze on new hiring, according to an internal memo seen by Reuters, as the airline battles a slump in demand from fliers avoiding Hong... Read More

U.S., China grant trade concessions as fresh talks loom

U.S., China grant trade concessions as fresh talks loom
WASHINGTON/BEIJING (Reuters) – U.S. President Donald Trump on Wednesday welcomed China’s decision to exempt some U.S. anti-cancer drugs and other goods from its tariffs and announced a short delay to scheduled tariff hikes on billions worth of Chinese goods. Stock markets in Asia rose on the news in early Thursday trade, as the concessions came days ahead of a planned... Read More