A federal lawsuit filed by a consumer in a San Jose, California court claimed that Google Inc had abused its market power by pushing smartphone manufacturers to offer the company's less popular applications via its secret mobile application distribution agreements, or MADAs, Bloomberg said.
Bloomberg reported that EBay Inc has agreed to settle a illegal hiring practice complaint with the California state and will be paying $3.75 million as a result of that accord.
An industry expert told Bloomberg that the latest penalty imposed on the New York Stock Exchange by the US Securities and Exchange Commission simply means that the regulator is emphasizing that it will ensure that trading exchanges have stricter rules in place to curb potential trading crimes or violations.
According to the plaintiffs of a social inequality lawsuit filed against the city of San Francisco over the private shuttle buses of Silicon Valley companies, it was not fair that the city only collects half of the amount it charges per bus stop on public transport and that it chose to exempt private shuttles from an environmental impact study as mandated by state law.
