Google Fined Record $2.7 Billion in EU Antitrust Ruling – New York Times

The apparent focus on Silicon Valley has prompted accusations from some in the United States that the European Union is unfairly targeting American companies. Officials in the bloc vigorously deny those claims. Advertisement Continue reading the main story Still, in recent years, Ms. Vestager has demanded that Apple repay $14.5 billion in back taxes in […]

California to list glyphosate as cancer-causing; Monsanto vows fight – Reuters

Glyphosate, an herbicide and the active ingredient in Monsanto Co’s (MON.N) popular Roundup weed killer, will be added to California’s list of chemicals known to cause cancer effective July 7, the state’s Office of Environmental Health Hazard Assessment (OEHHA) said on Monday. Monsanto vowed to continue its legal fight against the designation, required under a […]

Japanese airbag maker Takata files for bankruptcy, gets Chinese backing – Reuters

TOKYO/WASHINGTON Japan’s Takata Corp, the firm at the center of the auto industry’s biggest ever product recall, filed for bankruptcy protection in the United States and Japan, and said it had agreed to be largely acquired for $1.6 billion by the Chinese-owned U.S.-based Key Safety Systems. In the biggest bankruptcy of a Japanese manufacturer, Takata […]

As Europe Bounces Back, Activist Investors Like Loeb Pounce – Bloomberg

As Europe Bounces Back, Activist Investors Like Loeb Pounce – Bloomberg

Signs of economic recovery in Europe have the barbarians banging at the gates. Dan Loeb’s purchase of a stake in Nestle SA shows that even the largest company in Europe isn’t immune to shareholder activism. While Unilever and Akzo Nobel NV have fended off incursions this year, funds that agitate for higher returns are increasingly […]

Six contenders to be Uber’s new CEO – The Hill

The search is on for a new CEO at Uber. After Uber and its CEO Travis Kalanick’s reputations were dragged through the mud over revelations of misconduct and other missteps in the past several months, Kalanick finally stepped down earlier this week. Now the company, which is battling accusations of sexism in the workplace, a […]

No, Uber’s Business Model Is Not the Problem – Fortune

This article first appeared in Term Sheet, Fortune’s newsletter on deals and dealmakers. Sign up here. After Uber CEO Travis Kalanick was fired, one of the (many, many) takes on the news was that Uber’s business model is a bigger problem than its toxic culture. Here’s one example of this take from the Wall Street […]

Even With Whole Foods, Amazon Would Need Many More Warehouses to Reshape Grocery Delivery – New York Times

One key to Amazon’s success in general retail sales has been its speed in delivering products to consumers, facilitated by warehouses located strategically throughout the United States. As of 2016, the company had about 100 million square feet of space in its fulfillment and data centers, some of it outfitted with state-of-the-art robotics to boost […]

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