Shares of Google parent Alphabet plunged more than 6% on Thursday after the Justice Department asked a federal judge to order a selloff of Google’s Chrome web browser – one of several remedies aimed at breaking up the Big Tech firm’s monopoly over online search.The stock drop signaled anxiety on Wall Street about Google’s future after DOJ attorneys outlined the set of proposed corrections for Google’s business in filings late Wednesday. US District Judge Amit Mehta will have final say over which remedies to ...

PayPal said on Thursday that it was “experiencing a system issue” that appears to be interfering with merchants’ ability to process payments.The San Jose, Calif.-based tech giant issued an incident report on its web site on Thursday saying that the outage “may be affecting multiple products in our Production environment.”“Merchants may be encountering an elevated number of” error messages.PayPal said on Thursday that it was “experiencing a system issue” that appears to be interfering with merchants’ ability ...

Nvidia forecast fourth-quarter revenue slightly above estimates on Wednesday, but still failed to meet lofty expectations of some investors who have made it the world’s most valuable firm.Shares of the Santa Clara, California-based company fell roughly 2% in extended trading. They had closed down 0.8% on Wednesday.The company forecast revenue of $37.5 billion, plus or minus 2% for the fourth quarter, compared with analysts’ average estimate of $37.09 billion according to data compiled by LSEG.“The age of AI ...

Target on Wednesday reported earnings and revenue far below expectations, and cut its full-year forecast as inflation-battered customers fled to rivals like Walmart for low-priced essentials — sending shares plummeting more than 20%. The Minneapolis-based company reported a 20% earnings miss, posting earnings per share of $1.85, below expectations of $2.30. It was Target’s largest miss in two years.The disappointing results are in stark contrast to the world’s no. 1 retailer Walmart, which raised its annual ...

Comcast is moving forward with plans to spin off its NBCUniversal cable television networks including MSNBC and CNBC, sources say, shedding a once core part of the business that has been a casualty of the streaming video revolution.The company last month told investors it was evaluating hiving off its cable networks into a separate company owned by Comcast’s shareholders.“We think there could be an opportunity to play some offense,” said Comcast President Michael Cavanagh said during the company’s third-qua ...

Google’s Chrome browser would be worth $20 billion on the open market if the Justice Department succeeds in convincing a federal judge to order divestment, according to a report.The DOJ will recommend in a Wednesday filing that US District Judge Amit Mehta order Chrome to be sold as part of a suite of changes aimed at ending Google’s monopoly power, Bloomberg reported, citing sources familiar with the matter.If Chrome does hit the market, the browser would be worth “at least $15-20 billion, given it has ove ...

Walmart reported earnings and revenue that beat expectations as shoppers slammed by sticky inflation flocked to the discount chain to start their holiday shopping. In the three months ended Oct. 31, Walmart reported adjusted earnings per share of 58 cents, above expectations of 53 cents. The company posted revenue of $169.6 billion, above expectations of $167.7 billion and up from $160.8 billion in the year-ago period. The company said it now expects net sales will grow between 4.8% and 5.1% this year on in ...

Boeing will lay off more than 200 workers based in South Carolina as part of a massive cost-cutting drive that will slash 17,000 employees — or 10% of its workforce.The aerospace giant last week notified 220 employees who assemble the 787 Dreamliner aircraft at a Charleston-based facility that they would be let go, according to WCBD-TV.On Monday, Boeing said in a notice filed with the Employment Security Department in Washington that it has so far laid off 2,199 workers in that state. 3 Boeing has said it ...

The Justice Department will ask a judge to force Alphabet’s Google to sell off its Chrome browser, Bloomberg reported Monday, citing people familiar with the plans.The DOJ will ask the judge, who ruled in August that Google illegally monopolized the search market, to require measures related to artificial intelligence and its Android smartphone operating system, the report said.Google and the DOJ did not immediately respond to Reuters requests for comment.The Justice Department plans to ask a judge to force ...

Core Viewpoint - The National Highway Traffic Safety Administration (NHTSA) has opened two new investigations into Ford, focusing on potential recalls related to seat belt issues and the adequacy of a previous recall concerning power loss in certain vehicles [1][2][3]. Group 1: Investigations and Recalls - NHTSA is investigating whether Ford should recall 112,000 Ford Expedition SUVs due to seat belt issues, following complaints of inadvertent deployment of the seat belt retractor pretensioner [2]. - The agency is also examining the adequacy of Ford's recall of approximately 456,000 Bronco Sport and Ford Maverick vehicles, which was initiated due to a loss of power linked to the 12-volt battery [3]. - Ford had previously recalled 77,000 Ford Expedition and Lincoln Navigator SUVs for similar seat belt issues earlier in the year [2]. Group 2: Civil Penalties and Compliance - Ford agreed to a $165 million civil penalty after NHTSA found that the company failed to recall vehicles with defective rearview cameras in a timely manner [5][6]. - As part of the settlement, Ford is required to review all recalls filed in the last three years and potentially file new recalls if necessary [6]. - NHTSA criticized Ford for providing inaccurate or incomplete information and failing to submit timely quarterly reports for other recalls [6].