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,...

(Reuters) -Linda Yaccarino, CEO of Elon Musk-owned social platform X, said on Wednesday she would step down from the top role in a surprise move. Yaccarino took the top job at X in 2023 to help Musk execute his vision to transform the platform. Prior to becoming the CEO of X, Yaccarino spent several years modernizing the ad business of...

10:54 AM EDT, 07/09/2025 (MT Newswires) -- Eli Lilly's ( LLY ) sales of Zepbound probably rose in Q2, boosting earnings and revenue prospects, BofA Securities said Wednesday in a report. BofA increased its per-share earnings and revenue estimates by a low single-digit percentage, The long-term driver remains Eli Lilly's ( LLY ) incretin and glucagon-like peptide 1 drugs for...

10:50 AM EDT, 07/09/2025 (MT Newswires) -- Mastercard's ( MA ) Vocalink unit was fined 11.9 million British pounds ($16.3 million) by the Bank of England for failing to meet risk and governance requirements, the Bank of England said in a statement Wednesday. The fine stems from Vocalink's failure to fully comply with a remediation order by a February 2022...