E.U. Fines Google $5.1 Billion in Android Antitrust Case

Credit- Benjamin Quinton for The New York Times "BRUSSELS — European authorities increased their efforts to rein in Silicon Valley Wednesday by fining Google a record $5.1 billion for abusing its power in the mobile phone market, a steep antitrust penalty that is among the most aggressive regulatory moves ever made against American technology companies. The … Continue reading E.U. Fines Google $5.1 Billion in Android Antitrust Case

Women Claimed Johnson & Johnson’s Talc Powder Gave Them Cancer. They Just Won $4.7 Billion in Damages

"Johnson & Johnson must pay $4.14 billion in punitive damages to women who claimed asbestos in the company’s talc products caused them to develop ovarian cancer. The company’s shares dropped in afterhours trading. The jury earlier ordered J&J to pay them $550 million in compensatory damages, bringing the total to $4.69 billion. The amount marks … Continue reading Women Claimed Johnson & Johnson’s Talc Powder Gave Them Cancer. They Just Won $4.7 Billion in Damages

$2 Billion to be Payed by Barclays to Settle U.S Fraud Case

"Barclays has agreed a $2bn (£1.4bn) settlement with the US justice department over the sale of mortgage-backed securities in the lead-up to the 2008 financial crisis. The settlement follows a three-year investigation into allegations that the bank caused billions of dollars of losses to investors by “engaging in a fraudulent scheme” to sell Residential Mortgage-Backed Securities … Continue reading $2 Billion to be Payed by Barclays to Settle U.S Fraud Case