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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

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The millennial generation has split, new Fed research shows: Those over 35 are edging toward boomer-style wealth, while everyone else falls behind

2

Spain lifted the World Cup, but the IRS still gets a cut of its $50 million pay day as players, coaches and refs all face complex U.S. “jock taxes”

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The $39 trillion U.S. national debt isn’t as high as Japan’s and Singapore’s relative to economy size—and yet it's still worse somehow
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Here’s How Long Google Has to Reply to the EU’s Antitrust Charges

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October 3, 2016, 8:51 AM ET
A woman hovers a mouse over the Google and European Union logos in Sarajevo
A woman hovers a mouse over the Google and European Union logos in Sarajevo, in this April 15, 2015 photo illustration. The European Union accused Google Inc on Wednesday of cheating competitors by distorting Internet search results in favour of its Google Shopping service and also launched an antitrust probe into its Android mobile operating system. REUTERS/Dado Ruvic - RTR4XG8SPhotograph by Dado Ruvic — Reuters
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Alphabet’s Google has been given until the end of October, the fourth extension, to rebut EU antitrust charges that it uses its dominant Android mobile operating system to block competitors, the European Commission said on Monday.

The Commission in April said the U.S. technology giant’s demand that mobile phone makers pre-install Google Search and the Google Chrome browser on their smartphones to access other Google apps harms consumers and competition.

The EU watchdog had initially set a July 27 deadline for Google to respond to the charges. This had been extended three times at the company’s request, with the previous deadline Sept. 20.

The new deadlines are Oct. 31 for the Android case and Oct. 26 and Oct. 13 for cases relating to online search advertising and shopping.

In the shopping case, Google has been accused of favoring its shopping service over those of rivals in Internet search results while the AdSense case centers on the company’s measures which block competitors in online search advertising.

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“In each of these cases, Google asked for additional time to review the documents in the case file. In line with normal practice, the Commission analyzed the reasons for the request and granted an extension allowing Google to fully exercise its rights of defense,” Commission spokesman Ricardo Cardoso said in an email.

The EU antitrust enforcer intends to hit the company with deterrent fines in the Android and shopping cases, according to charge sheets seen by Reuters.

Google (GOOG) can be fined up to $7.4 billion, or 10% of its global turnover, for each case if found guilty of breaching EU rules.

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