SYDNEY, Aug 18 (Reuters) - Google agreed on Monday to pay a A$55 million ($35.8 million) fine in Australia after the consumer watchdog found it had hurt competition by paying the country's two largest telcos to pre-install its search application on Android phones, excluding rival search engines. The fine extends a bumpy period for the Alphabet-owned internet giant in Australia,...

12:09 PM EDT, 07/03/2025 (MT Newswires) -- Consumer stocks were mixed Thursday afternoon with the Consumer Staples Select Sector SPDR Fund (XLP) easing 0.2% and the Consumer Discretionary Select Sector SPDR Fund (XLY) rising 0.8%. In corporate news, TripAdvisor ( TRIP ) investor Starboard Value has built a 9% stake in the company, The Wall Street Journal reported. TripAdvisor (...

BRASILIA (Reuters) -The BRICS group of developing nations is set to announce a new guarantee fund backed by the New Development Bank (NDB) to lower financing costs and boost investment, two people familiar with the matter told Reuters. The initiative, modeled on the World Bank's Multilateral Investment Guarantee Agency (MIGA), aims to address global investment shifts amid uncertainty surrounding U.S....

July 3 (Reuters) - Packaged food maker Kraft Heinz ( KHC ) is voluntarily recalling some Oscar Mayer turkey bacon products over concerns about Listeria monocytogenes contamination, a company spokesperson said. The U.S. Department of Agriculture's Food Safety and Inspection Service (FSIS), which first announced the move on Wednesday, said Kraft Heinz ( KHC ) would be recalling about 367,812...