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EU competition chief set to charge Google with Android abuse: sources
April 18, 2016 3:42 AM EDTBy Foo Yun Chee and Eric Auchard
AMSTERDAM/FRANKFURT (Reuters) - The European competition commission is gearing up to charge Google with giving unfair prominence to its own apps like search and maps in supplementary software licensing deals it strikes with mobile phone makers running its Android operating system, four sources familiar with the process said on Monday.
Google generated an estimated $11 billion (9.73 billion euros) last year from sales of ads running on Android phones featuring Google apps. Android has become the dominant software in recent years, running most of the world's smartphones.
If... More
Investors look for trough in profit downturn
April 15, 2016 2:22 PM EDTBy Caroline Valetkevitch
NEW YORK (Reuters) - As earnings season shifts into high gear next week in what is expected to be the weakest U.S. quarterly results reporting period since 2009, the hope among some is that this is as bad as it's going to get.
The U.S. earnings recession that began in the third quarter of 2015 is expected to continue until the second quarter, with profits slated to fall 2.2 percent - not as bad as the nearly 8 percent drop expected in the first quarter.
Reporting ramps up next week, with results from top tech names... More
Apple to donate a portion of App Sales to support the environment
April 14, 2016 12:20 PM EDTBy Julia Love
(Reuters) - Apple Inc (NASDAQ: AAPL) will donate sales of select apps in April to the World Wildlife Fund amid its growing focus on environmental issues, the company announced.
As part of Apps for Earth, launched Thursday, the iPhone maker and developers will donate proceeds from 27 apps created for the campaign to the conservation group. The campaign, which will run through April 24 and is among the first of its kind to be delivered in the App Store, follows a slate of recent environmental efforts from Apple and... More
Wedbush Raises Alphabet (GOOGL) PT to $840 Ahead of Q1 Print, Keeps Neutral Rating
April 14, 2016 7:56 AM EDTWedbush analyst, James Dix, raised estimates on Alphabet (NASDAQ: GOOG) (NASDAQ: GOOGL) and expects the stronger revenue to offset cost pressures when the company reports 1Q16 after the close on 4/21. The PT goes to $840 from $830 but the analyst keeps his... More
