U.S. consumer lawsuit accusing Google of monopolizing prime real estate on Android smartphones

A U.S. consumer lawsuit accusing Google of monopolizing prime real estate on Android smartphones will help mobile rivals like Microsoft make their antitrust case with European regulators should damaging secrets emerge in court. The suit, filed in California federal court in May by two smartphone consumers, said Google requires handset manufacturers such as Samsung Electronics […]

Apple should do more to tackle in-app purchases problem

Apple has provided no concrete and immediate solutions to tackle the problem of adults and children racking up credit card bills by making “in-app” purchases on tablets and mobile phones, the European Commission said on Friday. Following concerns raised by consumer groups in a number of European countries, the EU executive called in industry members, […]

companies, consumer advocates and citizens submit a 1 million comments to FCC

U.S. companies, consumer advocates and citizens submitted more than 1 million comments to the Federal Communications Commission, drawing contentious divisions on the issue of net neutrality as the first deadline to comment approached Friday. The FCC will continue collecting comments, made in response to these first submissions, until Sept. 10 as it weighs how best […]

High risk credit card processing virtual terminals

Do you have a high risk business in the United States, Europe, Canada or Asia? We can help! eComTechnology provides check and credit card processing services to ecommerce businesses. We work with not only traditional businesses but high risk and high volume businesses as well. Get your Virtual Terminal or Gateway at eComTechnology today. Need […]

U.S. drugmaker AbbVie Inc (ABBV.N) bought Dublin-based Shire Plc

U.S. drugmaker AbbVie Inc (ABBV.N) bought Dublin-based Shire Plc (SHP.L) on Friday in a 32 billion pound ($54.7 billion) deal that will allow it to slash its tax bill by relocating to Britain. The London-listed company, which makes expensive medicines to treat rare diseases, fought off four earlier bids from AbbVie until the U.S. firm raised its price to […]

U.S. economic recovery remains incomplete, with a still-ailing job market

The U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future, Federal Reserve Chair Janet Yellen told a Senate committee on Tuesday. In a strong defense of the central bank’s current stance, Yellen said that early signs of a pickup in inflation aren’t enough […]

Mylan buys Abbott specialty brands for structured tax inversion

Generic drugmaker Mylan Inc said on Monday it would buy Abbott Laboratories’ branded specialty and generics business in developed markets outside the United States in a $5.3 billion deal that will bolster its product line and also cut its tax bill. The deal gives Mylan a wide array of Abbott brands that have annual sales of almost […]

Less spent on R & D the better the performance on Wall Street

When Meg Whitman was named chief executive of Hewlett-Packard (HPQ) in 2011, she inherited a real mess. HP’s share price had been slaughtered by the ouster of Mark Hurd and the reign of Léo Apotheker—an 11-month period that I like to refer to as the Grim Bumbling. Trying to revive hope in the company and its stock, Whitman vowed to […]

British bank Barclays is to replace branch cashiers

British bank Barclays is to replace branch cashiers with floor-walking staff sporting tablet computers as personal banking becomes increasingly virtual. From October staff will step out from behind their glass booths, armed with tablets to help them offer advice to customers and guide them on how to use self-service machines for basic transactions. Banks are keen to automate more basic services within branches, such as […]