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Google, Amazon, Facebook, Apple to testify in Washington against French digital tax

16 hours ago DieselGasoil Comments Off on Google, Amazon, Facebook, Apple to testify in Washington against French digital tax
US tech giants are set to testify at a US government hearing over the French digital tax imposed last month in an attempt to level the playing field between big companies and local businesses. “ represents a troubling precedent, unnecessarily departs from progress toward stable long-lasting international tax policies and may disproportionately impact Read More

‘Massive f*** up’: Bungled auction turns cheers to jeers as Nazi-era ‘Porsche’ fails to sell

20 hours ago DieselGasoil Comments Off on ‘Massive f*** up’: Bungled auction turns cheers to jeers as Nazi-era ‘Porsche’ fails to sell
A Nazi-era Porsche that was set to become one of the most expensive automobiles in history failed to sell at auction after a technical mix-up. The race car, a 1939 Porsche Type 64, hit the auction block at RM Sotheby’s in Monterey, California, on Saturday, with predictions estimating it would sell for hefty $20 million. Read More

Exclusive: Google’s jobs search draws antitrust complaints from rivals

7 days ago DieselGasoil Comments Off on Exclusive: Google’s jobs search draws antitrust complaints from rivals
BRUSSELS/SAN FRANCISCO (Reuters) – Google’s fast-growing tool for searching job listings has been a boon for employers and job boards starving for candidates, but several rival job-finding services contend anti-competitive behavior has fueled its rise and cost them users and profits. FILE PHOTO: Small toy figures are seen in front of Google logo in this Read More

U.S. senators ask Amazon CEO if ‘Amazon’s Choice’ deceives consumers

1 week ago DieselGasoil Comments Off on U.S. senators ask Amazon CEO if ‘Amazon’s Choice’ deceives consumers
FILE PHOTO: Amazon CEO Jeff Bezos discusses his company’s new Fire smartphone at a news conference in Seattle, Washington June 18, 2014. REUTERS/Jason Redmond WASHINGTON (Reuters) – Two U.S. senators asked Amazon.com Inc Chief Executive Jeff Bezos on Monday how the “Amazon’s Choice” badge on certain products is determined and whether the mark deceives consumers Read More

Factbox: J.C. Penney’s revolving door of CEOs

2 weeks ago DieselGasoil Comments Off on Factbox: J.C. Penney’s revolving door of CEOs
(Reuters) – J.C. Penney Co Inc (JCP.N) late last year tapped Jill Soltau as chief executive officer to stem the decline in sales, the fifth leadership change at the department store operator in 15 years. A JC Penney store is shown in Oceanside, California, U.S., July 31, 2019. REUTERS/Mike Blake She is tasked with a Read More

For J.C. Penney CEO, debt haunts turnaround bid

2 weeks ago DieselGasoil Comments Off on For J.C. Penney CEO, debt haunts turnaround bid
NEW YORK (Reuters) – J.C. Penney Co Inc’s (JCP.N) stock has plunged more than 70% over the past year and now trades under $1. Its first-quarter financial loss nearly doubled to $154 million. Levi’s men clothing is pictured inside a JC Penney store in Oceanside, California, U.S., July 31, 2019. REUTERS/Mike Blake But in newly-minted Read More

Walmart faces pressure to stop gun sales after latest U.S. mass shootings

2 weeks ago DieselGasoil Comments Off on Walmart faces pressure to stop gun sales after latest U.S. mass shootings
(Reuters) – Walmart Inc said on Monday there has been no change in its policy on gun sales after two mass shootings over the weekend, including one at a Walmart store, left 31 people dead in Texas and Ohio. FILE PHOTO: The logo of Down Jones Industrial Average stock market index listed company Walmart is Read More

Apple’s services, wearables shore up results as iPhone drops below half of sales

3 weeks ago DieselGasoil Comments Off on Apple’s services, wearables shore up results as iPhone drops below half of sales
(Reuters) – Apple Inc (AAPL.O) iPhone sales dropped to less than half of quarterly revenue for the first time in seven years, but CEO Tim Cook on Tuesday described the change as successfully diversifying away from a single product and forecast results above Wall Street targets. That strategy proved especially useful in China, the world’s Read More

U.S. to deny tariff relief for Apple Mac Pro parts from China: Trump

3 weeks ago DieselGasoil Comments Off on U.S. to deny tariff relief for Apple Mac Pro parts from China: Trump
WASHINGTON (Reuters) – U.S. President Donald Trump on Friday said his administration would not grant Apple Inc any relief for tariffs on parts made in China for its Mac Pro computer and later added he thought the firm would build a plant in Texas. “Apple will not be given Tariff waiver, or relief, for Mac Read More