financetom
Business
financetom
/
Business
/
Market Chatter: EU Seek Feedback on Proposals by Google to Promote Fair Competition
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Market Chatter: EU Seek Feedback on Proposals by Google to Promote Fair Competition
Sep 6, 2024 12:36 PM

04:09 PM EDT, 09/04/2024 (MT Newswires) -- The European Union antitrust regulators will ask for commentary on proposals by Alphabet's (GOOG) Google ( GOOG ) to adhere to rules focusing on promoting fair competition, Reuters reported Wednesday, citing people with direct knowledge of the matter.

The feedback could determine whether Google ( GOOG ) will face formal charges, according to the report.

Google ( GOOG ) proposed to add a separate box for rivals under its own product listing ads in the search results to address claims from comparison shopping sites, the people reportedly said.

Additionally, Google ( GOOG ) offered to create two boxes showing intermediaries and direct suppliers side-by-side for airlines, hotels and retailers, the people added.

Google ( GOOG ) did not immediately respond to MT Newswires' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 157.86, Change: +0.05, Percent Change: +0.03

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
American Water Works Unit Gets Iowa Utilities Commission Approval on New Rates
American Water Works Unit Gets Iowa Utilities Commission Approval on New Rates
May 26, 2025
05:12 PM EDT, 05/22/2025 (MT Newswires) -- American Water Works ( AWK ) said Thursday that Iowa Utilities Commission approved new water and wastewater rates for the company's subsidiary, Iowa American Water, on May 21. The effective date for the new rates will be decided by the commission after it reviews the new rate filing by Iowa American Water. Interim...
Goodyear to Sell Most of Chemical Unit to Gemspring Capital
Goodyear to Sell Most of Chemical Unit to Gemspring Capital
May 26, 2025
05:13 PM EDT, 05/22/2025 (MT Newswires) -- Goodyear (GT) said Thursday it agreed to sell most of its Goodyear Chemical unit's business to private equity firm Gemspring Capital for about $650 million in cash. The sale includes chemical plants in Houston and Beaumont, Texas, and a research office in Akron, Ohio, the company said. A long-term supply agreement is part...
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Google agrees $36 million fine for anti-competitive deals with Australia telcos
Aug 17, 2025
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,...
Armada Acquisition Closes $230 Million IPO
Armada Acquisition Closes $230 Million IPO
May 26, 2025
05:10 PM EDT, 05/22/2025 (MT Newswires) -- Armada Acquisition (AACIU) said late Thursday it completed a $230 million initial public offering of units. The company said it sold 23 million units at $10 apiece in the IPO. Each unit comprises one class A ordinary share and one-half of one redeemable warrant. The holder of one whole warrant is entitled to...
Copyright 2023-2026 - www.financetom.com All Rights Reserved