Europe’s top court on Tuesday upheld a 2.4 billion euro ($2.65 billion) fine imposed on Google for abusing its dominant position by favoring its own shopping comparison service. [….] The fine stems from an antitrust investigation by the European Commission, the executive arm of the European Union, which concluded in 2017. The commission said at Read more about Google’s 2.4 billion euro shopping comparison fine upheld by Europe’s top court[…]

Apple will be required to pay $14 billion in back taxes to Ireland after Europe’s top court released a new ruling on Tuesday, according to a report from the Financial Times. Apple CEO Tim Cook has previously called the case “total political crap” but the judgment is final and Apple will not be able to Read more about Apple Ordered to Pay $14 Billion in Back Taxes to EU[…]

Peloton on Thursday said it will start charging new subscribers a one-time $95 activation fee if they bought their hardware on the secondary market as more consumers snag lightly used equipment for a fraction of the typical retail price. […] During its fiscal fourth quarter, which ended June 30, Peloton said it saw a “steady Read more about Peloton to charge $95 activation fee for used bikes[…]

Warners Bros. Discovery has not been having a great time recently, and is going through a wave of increasingly desperate cost-cutting initiatives because of it. Several of those movements have felt particularly targeted at the studio’s animated offerings, from its inability to release finished films to selling off its current, past, and would-be successes to other Read more about Warner Bros. Scrubs Cartoon Network Website, Erasing Years of History[…]

Italian prosecutors in Milan investigated the LVMH subsidiary Dior’s use of third-party suppliers in recent months. Prosecutors said these companies exploited workers to pump out bags for a small fraction of their store price. Citing documents examined by authorities, Reuters reported last month that Dior paid a supplier $57 to produce bags that retailed for Read more about Dior Paid a Contractor $57 to Make a Bag That Sold for Nearly $2,800 under really bad working conditions[…]

An experiment to pay people who were homeless in Denver with no limits on how they could spend the money led to twice as many people in stable housing, according to researchers who released their one-year report Tuesday. More than 800 people were selected to participate in the Denver Basic Income Project while they were Read more about Universal income experiment in Denver leads to predictable results – less tax $ spent, less homelessness[…]

NEW YORK, July 1 (Reuters) – Investors in GameStop (GME.N) , opens new tab have for now withdrawn their lawsuit accusing Keith Gill, who is known as “Roaring Kitty” and helped spur the meme stock mania of 2021, of defrauding them through a “pump-and-dump” scheme for the videogame retailer. A proposed class action accusing Gill Read more about Manipulators of GameStop shares sue ‘Roaring Kitty’ for manipulating GameStop but withdraw lawsuit for now[…]

[…] if you’re rich enough, says the US supreme court, you can now pay off state and local officials for government acts that fit your policy preferences or advance your interests. You can give them lavish gifts, send them on vacations, or simply cut them checks. You can do all of this so long as Read more about Corrupt US supreme court thinks corruption is not corrupt and just basically legalized bribery[…]

Boozt AB, an online Nordic department store, has banned thousands of customers for returning an excessive number of purchased items. The retailer has blocked about 60,000 of a total 3.5 million customers, in a bid to reduce the significant costs associated with “serial returners,” the company said in a statement. “Their behavior is too expensive Read more about Nordic Online Store Boozt Blocks Thousands of ‘Serial Returners’[…]