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DOJ Nearing Decision On Antitrust Suit Against Google

DOJ Nearing Decision On Antitrust Suit Against Google
DOJ Nearing Decision On Antitrust Suit Against Google
June 26, 2020  |  ANTITRUST

The U.S. Department of Justice (DOJ) is nearing the end of its antitrust investigation of Alphabet Inc’s Google as it considers whether to charge the...

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Slimmed-Down Albertsons IPO Raises $800M
Slimmed-Down Albertsons IPO Raises $800M
June 26, 2020  |  IPO

The long-awaited initial public offering (IPO) of Idaho-based grocery chain Albertsons went ahead on Friday (June 26) after often-fraught years of planning. Now trading on...

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Amazon Ups Ante In India With ‘Smart Stores’ Initiative
Amazon Ups Ante In India With ‘Smart Stores’ Initiative
June 26, 2020  |  Amazon

Amazon is escalating its push into India with a new “Smart Stores” initiative aimed at spreading its reach into the country’s massive retail market. Get...

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UK Watchdog Freezes Wirecard’s Funds During Probe
UK Watchdog Freezes Wirecard’s Funds During Probe
June 26, 2020  |  Cybersecurity

The United Kingdom’s financial watchdog agency has ordered Britain’s Wirecard subsidiary to freeze the German payment company’s funds as regulators determine the next steps, The Wall...

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Microsoft To Shutter Brick-And-Mortar Stores In ‘Strategic Change’
Microsoft To Shutter Brick-And-Mortar Stores In ‘Strategic Change’
June 26, 2020  |  Retail

Microsoft is shuttering brick-and-mortar locations as it unveils a “strategic change” in the way it runs its retail business. The technology firm’s retail staffers will...

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Consumer Spending Spree Now Tempered By Coronavirus Concerns
Consumer Spending Spree Now Tempered By Coronavirus Concerns
June 26, 2020  |  Economy

U.S. consumer spending skyrocketed in May for the biggest jump on record, but the news was offset by a drop in personal income and the...

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EY Under Scrutiny Over Wirecard Accounting Practices
EY Under Scrutiny Over Wirecard Accounting Practices
June 26, 2020  |  Cybersecurity

Ernst & Young (EY), the global accounting firm hired to verify Wirecard’s financials, failed to request crucial information from a Singapore bank where the German...

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Retail Challenges And Opportunities Amid The Pandemic 
Retail Challenges And Opportunities Amid The Pandemic 
June 26, 2020  |  Today In Data

The coronavirus is magnifying the challenges that troubled retailers faced before the pandemic as they continue to seek financial lifelines. GNC recently declared bankruptcy as well as retail closings,...

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