Australian regulator says Google’s $2.1 billion Fitbit deal could harm competition

Australian regulator says Google’s $2.1 billion Fitbit deal could harm competition
SYDNEY/BENGALURU (Reuters) – Australia’s antitrust regulator warned Google’s planned $2.1 billion acquisition of fitness tracker maker Fitbit (FIT.N) may give it too much of people’s data, potentially hurting competition in health and online advertising markets. FILE PHOTO: Fitbit Blaze watch is seen in front of a displayed Alphabet logo in this illustration picture taken November 8, 2019. REUTERS/Dado Ruvic The... Read More

Glass Lewis joins ISS in opposing Tesla chairwoman’s re-election to board

Glass Lewis joins ISS in opposing Tesla chairwoman’s re-election to board
(Reuters) – Glass Lewis said on Thursday that it urged Tesla Inc (TSLA.O) investors to vote against re-electing Chairwoman Robyn Denholm to the company’s board, making it the second proxy advisory firm to oppose her appointment. FILE PHOTO: Tesla logo is pictured on a car during electric car E-Rallye Baltica 2019 in Bauska, Latvia July 23, 2019. REUTERS/Ints Kalnins The... Read More

Global stocks retreat on rising second wave fears

Global stocks retreat on rising second wave fears
TOKYO/WASHINGTON (Reuters) – Asian stocks and Wall Street futures fell on Wednesday as spiking coronavirus cases in some U.S. states and China crushed hopes of a quick global economic comeback from the pandemic. FILE PHOTO: A man wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, is silhouetted in front of a stock quotation board outside a brokerage... Read More

Asian stocks set to fall as Wall St. snaps three-day winning streak

Asian stocks set to fall as Wall St. snaps three-day winning streak
WASHINGTON (Reuters) – Asian stocks were set to dip on Thursday after a choppy Wall Street session as spiking coronavirus cases and prospects of new lockdowns erased earlier confidence about a global economic recovery. A man wearing a protective face mask, following the coronavirus disease (COVID-19) outbreak, is silhouetted in front of a stock quotation board outside a brokerage in... Read More

Google, Fitbit deal may hamper competition: Australian regulator

Google, Fitbit deal may hamper competition: Australian regulator
FILE PHOTO: Fitbit Blaze watch is seen in front of a displayed Alphabet logo in this illustration picture taken November 8, 2019. REUTERS/Dado Ruvic (Reuters) – Australia’s consumer watchdog said on Thursday it had concerns that Alphabet Inc-owned (GOOGL.O) Google’s planned $2.1 billion acquisition of fitness tracker company Fitbit (FIT.N) may hinder competition in digital advertising and health markets. The... Read More

Glass Lewis opposes Tesla chairwoman’s re-election to Board: Bloomberg News

Glass Lewis opposes Tesla chairwoman’s re-election to Board: Bloomberg News
FILE PHOTO: Tesla logo is pictured on a car during electric car E-Rallye Baltica 2019 in Bauska, Latvia July 23, 2019. REUTERS/Ints Kalnins (Reuters) – Proxy-adviser Glass Lewis has urged Tesla Inc (TSLA.O) investors to vote against re-electing chairwoman Robyn Denholm to the company’s board due to an arrangement with Elon Musk that raises corporate governance concerns, Bloomberg reported on... Read More

Australian regulator raises concerns over Google, Fitbit deal

Australian regulator raises concerns over Google, Fitbit deal
FILE PHOTO: Fitbit Blaze watch is seen in front of a displayed Alphabet logo in this illustration picture taken November 8, 2019. REUTERS/Dado Ruvic (Reuters) – Australia’s consumer watchdog on Thursday raised initial competition concerns over Alphabet Inc-owned (GOOGL.O) Google’s $2.1 billion bid for fitness tracker company Fitbit (FIT.N). “Our concerns are that Google buying Fitbit will allow Google to... Read More

Dollar holds advantage as anxiety grows over rise in coronavirus cases

Dollar holds advantage as anxiety grows over rise in coronavirus cases
TOKYO (Reuters) – The dollar held onto gains on Thursday as growing concerns about a rise in coronavirus cases underpinned safe-haven demand for the U.S. currency. FILE PHOTO: U.S. dollar notes are seen in this November 7, 2016 picture illustration. Picture taken November 7. REUTERS/Dado Ruvic/Illustration The British pound traded in a narrow range before a Bank of England meeting... Read More

Ex-Morgan Stanley diversity officer says bank slashed her budget by 71%

Ex-Morgan Stanley diversity officer says bank slashed her budget by 71%
FILE PHOTO: The headquarters of Morgan Stanley is seen in New York January 9, 2013. REUTERS/Shannon Stapleton NEW YORK (Reuters) – A lawyer representing a former Morgan Stanley (MS.N) diversity officer who is suing the bank over racial discrimination said on Wednesday the bank cut her client’s budget for promoting diversity and financial education by 71% from the time she... Read More