By Jody Godoy (Reuters) – Apple has asked to participate in Google’s upcoming U.S. antitrust trial over online search, saying it cannot rely on Google to defend revenue-sharing agreements that send the iPhone maker billions of dollars each year for making Google the default search engine on its Safari browser. Apple does not plan to…
By Nora Eckert and David Shepardson DETROIT (Reuters) – Ford Motor Co is donating $1 million and a fleet of vehicles to U.S. President-elect Donald Trump’s January inauguration, a company spokesperson said on Monday. Policies on tariffs and electric vehicles that are being considered by the incoming administration would likely affect Detroit carmakers like Ford,…
By Alexandra Alper WASHINGTON (Reuters) -Nippon Steel alleges the White House had “impermissible undue influence” over a national security review of its $14.9 billion bid for U.S. Steel and threatened legal action if the deal is blocked. The accusation was made in a Dec. 17 letter, signed by counsel for Nippon Steel and U.S. Steel…
By Jody Godoy (Reuters) -Alphabet’s Google proposed on Friday a loosening of its agreements with Apple and others to set Google as the default search engine on new devices, in a bid to address a U.S. ruling that it unlawfully dominates online search. The proposal is much narrower than the government’s push to make Google…
By Sheila Dang and Krystal Hu (Reuters) – U.S. billionaire businessman Frank McCourt is crafting a fundamental overhaul of TikTok’s business model as part of a plan to bid for the Chinese-owned short-form video app, he told Reuters. McCourt, who formerly owned the Los Angeles Dodgers baseball team, said he has received verbal funding commitments…
By David Shepardson WASHINGTON (Reuters) -The U.S. Commerce Department said on Friday it was finalizing an award of up to $4.745 billion to South Korea’s Samsung Electronics and up to $1.61 billion for Texas Instruments to expand chips production. The Samsung award is about $1.7 billion smaller than the preliminary award announced in April of…
By Stephanie Kelly and Jarrett Renshaw NEW YORK (Reuters) – An upcoming U.S. government funding bill is expected to include a plan that would allow year-round sales of gasoline with a higher ethanol blend, a major win for the corn and ethanol lobbies, according to two sources familiar with the matter. The inclusion would mark…
By Jody Godoy (Reuters) -Grubhub settled with the U.S. Federal Trade Commission and Illinois Attorney General Kwame Raoul on Tuesday for allegedly misleading customers about order fees, adding restaurants to its platform without their consent and deceiving drivers about pay. The settlement requires Grubhub to cease the practices and pay $25 million. The agencies sought…
(Reuters) – The Center for American Rights, a non-profit public-interest law firm, has petitioned the Federal Communications Commission (FCC) to challenge the planned $8.4 billion merger between Paramount Global and Skydance Media, a filing showed on Tuesday. China’s Tencent Holdings’ investment in Skydance sparks concerns about foreign influence on U.S. media, the firm said. The…
By Promit Mukherjee OTTAWA (Reuters) – Canada plans to impose tariffs on a slew of Chinese products from as early as next year, the government’s fiscal update showed, as part of its wider investigation into imports from the country. Prime Minister Justin Trudeau’s government has already slapped a 100% tariff on all Chinese electric vehicles…
