Tuesday, 27 June 2017
News with tag European Commission  RSS
Google Faces Record €2.42 Billion Fine Over Search Results

Added: 27.06.2017 14:04 | 10 views | 0 comments

Google has been fined a record €2.42 billion ($2.7bn) by the European Commission for breaching anti-trust rules, Red Herring reported Tuesday. The European Commission considers the company to have abused its power as the world’s leading search engine by manipulating results to favor its own online Shopping platform, the report said. Google has 90 days to end the practice or it will “face penalty payments of up to 5 percent of the average daily worldwide turnover” of Alphabet, its parent company, Red Herring reported. That sum would equal around $14 million, according to the company’s most recent financial reports. Margrethe Vestager, European commissioner for competition, said in a...

From: https:

EU hits Google with $3.5 billion fine

Added: 27.06.2017 12:53 | 14 views | 0 comments

The European Commission handed down a record 2.42 billion euro ($A3.59 billion) fine to Google on Tuesday for breaching EU antitrust rules after a seven-year investigation prompted by complaints from both sides of the Atlantic.

From: www.news.com.au

Google hit with record $2.7bn EU fine for demoting rival shopping services

Added: 27.06.2017 12:18 | 5 views | 0 comments

European Commission hits Google with the highest penalty it's ever issued for giving an illegal advantage to its own shopping service while stifling competitors.

From: www.zdnet.com

EU fines Google $2.72 billion, orders changes in search results

Added: 27.06.2017 11:57 | 3 views | 0 comments


Google abused its dominant position in the search engine market to illegally promote its comparison shopping service, the European Union's top antitrust authority ruled Tuesday, slapping the company with a €2.42 billion (US$2.72 billion) fine.
The consequence could be still greater differences in the ways Google presents search results to users in the U.S. and to those in the EU.
The European Commission gave the the company 90 days to change its ways or face additional fines of up to 5 percent of average daily worldwide sales of parent company Alphabet for each day that the infringement continued.
The Commission's ruling targets the way , "Google Shopping", previously known as Google Product Search and Froogle.

From: www.pcworld.com

Google Hit With $2.7 Billion Fine By European Antitrust Monitor

Added: 27.06.2017 11:56 | 8 views | 0 comments

The European Commission says Google "abused its market dominance as a search engine by promoting its own comparison shopping service in its search results, and demoting those of competitors."

From: www.npr.org

Google hit with record £2.1 billion EU fine for promoting own shopping service in search results

Added: 27.06.2017 11:38 | 4 views | 0 comments

Google has been hit with a record £2.1 billion fine by the European Commission for promoting its own shopping service in search results.

From: www.standard.co.uk

Europe Hits Google With Massive $2.7 Billion Fine

Added: 27.06.2017 11:24 | 9 views | 0 comments

European authorities have hit Google with a huge €2.42 billion fine for breaching their antitrust rules. The European Commission ruled, after a lengthy investigation, that Google abused its market dominance by favoring its shopping service in searches. The tech giant has 90 days to amend its searches before penalty payments kick in. "What Google has...

From: variety.com

[Ticker] EU commission fines Google €2.4 billion

Added: 27.06.2017 11:04 | 1 views | 0 comments

The European Commission fined Google €2.42 billion on Tuesday for breaking antitrust rules. "Google abused its market dominance as a search engine by promoting its own comparison shopping service in its search results, and demoting those of competitors," said EU competition commissioner Margrethe Vestager. The fine comes after a seven-year-long probe. Google says the commission cannot prove the claim, and is considering an appeal.

From: https:

Google hit with record EU fine over Shopping service

Added: 27.06.2017 10:58 | 1 views | 0 comments

The European Commission fines Google €2.4bn ($2.7bn; £2.1bn) for favouring its shopping comparison service.

From: www.bbc.co.uk

Google hit with record EU fine over Shopping service

Added: 27.06.2017 10:57 | 7 views | 0 comments

The European Commission fines Google €2.4bn ($2.7bn; £2.1bn) for favouring its shopping comparison service.

From: www.bbc.co.uk

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