Business

Shares of Google-Parent Alphabet collapse in a bear market

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[ad_1] The shares of Google Alphabet Inc., parent company of Google, fell on Monday, enough to put them on track to enter a bear market just five weeks after their close to a record. The stock fell 6.7% in afternoon trading and was heading toward a five-month closing low, while the Justice Department feared that … Read more

GOOGL, AMZN and FB shares collapse as a result of antitrust investigations in Silicon Valley

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[ad_1] Alphabet Inc. AMZN shares of GOOGL and Amazon.com Inc. opened down Monday, Amazon down 3% and Google down more than 6%. Both companies are facing speculation of an antitrust investigation. The US Department of Justice would attack Google, while the Federal Trade Commission would attack Amazon and Facebook. Amazon closed the day down about … Read more

Mercedes-Benz expands its subscription service in Atlanta

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[ad_1] In addition to being the headquarters of Mercedes-Benz in the United States, the demographics of Atlanta and the growing number of wealthy professionals make the region a growing market for subscription services. Atlanta is also a pilot market for Porsche's subscription program. "We expect Atlanta to be our biggest market," said Heiko Schmidt, CEO … Read more

F.D.A. Judges rules can act against stem cell clinic

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[ad_1] A federal judge on Monday sent a blow to justice fast growing the stem cell industry, serving the Food and Drug Administration as part of its efforts to stop treatment at US Stem Cell, a clinic in Sunrise, Florida, which blinded three patients by injecting a fat extract in the eyes. The decision does … Read more

FDA wins groundbreaking lawsuit against for-profit stem cell venture

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[ad_1] William Wan National Correspondent for Health, Science and Information June 3 at 7 pm In a cold-blooded decision in the burgeoning stem cell industry, a federal judge ruled in favor of the Food and Drug Administration on Monday in a lawsuit against a Florida-based stem cell company whose treatments blinded at least four patients. … Read more

US Steers Towards Major Antitrust Investigation of Technology Giants

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[ad_1] WASHINGTON, June 3 (Reuters) – The US government is preparing to investigate whether Amazon, Apple, Facebook and Google are abusing their huge market power, sources told Reuters on Monday that could be an unprecedented investigation of the largest companies in the world. The Federal Trade Commission and the US Department of Justice, which enforce … Read more