Alphabet’s Google will not face a jury trial over its alleged digital advertising dominance after the company wrote a check to the US to cover monetary damages, a federal judge ruled Friday.The Justice Department and a coalition of states sued the tech giant last year, claiming it was unlawfully monopolizing digital advertising and overcharging users. The jury trial would have been the first-ever in a civil antitrust case lodged by the Justice Department, Google said.Google will face a non-jury trial in the ...

Employees of TJ Maxx and Marshalls will be given body cameras in an attempt to curb the record-breaking thefts that many US retailers are battling. TJX Companies, whose holdings also include Sierra and Home Estate, began experimenting with the body cameras at several store locations this year to “de-escalate incidents, deter crime and demonstrate to our associates and customers that we take safety in our stores seriously,” a spokesperson for the parent company told FOX Business.The cameras are worn by loss ...

A former Meta engineer on Tuesday accused the company of bias in its handling of content related to the war in Gaza, claiming in a lawsuit that Meta fired him for trying to help fix bugs causing the suppression of Palestinian Instagram posts.Ferras Hamad, a Palestinian-American engineer who had been on Meta’s machine learning team since 2021, sued the social media giant in a California state court for discrimination, wrongful termination and other wrongdoing over his February dismissal.In the complaint, Ham ...

Shares of Nvidia rallied to record highs on Wednesday, with the AI chipmaker’s stock market valuation hitting the $3 trillion mark and overtaking Apple to become the world’s second most valuable company.The latest rally in Nvidia comes as it prepares to split its stock 10-for-one, effective on June 7, a move that could increase its appeal to individual investors.The surge in Nvidia’s stock market value above Apple’s underscores a shift in Silicon Valley, where the company co-founded by Steve Jobs has domina ...

Wall Street titans BlackRock and Citadel Securities are throwing their financial muscle behind the launch of the Texas Stock Exchange — which plans to challenge New York-centric markets in a bid to attract global companies.The Dallas-headquartered bourse, which has raised about $120 million, plans to file registration documents with the Securities and Exchange Commission to start operating as a national securities exchange later this year, TXSE said on Wednesday.TXSE aims to attract listings of exchange-tra ...

Google’s longtime chief privacy officer will leave the company this fall and won’t be replaced — even as the Big Tech giant contends with a wave of leaks and user security concerns.Keith Enright, a 13-year veteran, was responsible for leading the team that safeguards user data and implements security policies across Google’s sprawling empire. He will reportedly exit in September.“After over 13 years at Google, I’m ready for a change, and will be moving on this fall, taking all that I’ve learned and trying s ...

Core Viewpoint - Disney and Florida Governor Ron DeSantis are nearing a $17 billion agreement that would facilitate the development of a fifth major theme park at Walt Disney World, following a settlement that ended their legal disputes [1]. Group 1: Agreement Details - The Central Florida Tourism and Oversight District, now overseen by DeSantis-appointed supervisors, has given initial approval for a new development agreement that will last for the next 15 years [3]. - Under the agreement, Disney is permitted to construct a fifth major theme park and two additional minor parks, such as water parks, over the next decade or two [3][4]. - Disney plans to increase its hotel capacity from nearly 40,000 rooms to over 53,000 rooms and expand retail and restaurant space by more than 20% [4]. Group 2: Obligations and Contributions - In return for the development rights, Disney is required to donate up to 100 acres of its 24,000-acre property for infrastructure projects controlled by the district [6]. - Disney must also allocate at least half of its construction projects to Florida-based companies and invest a minimum of $10 million in affordable housing for Central Florida [6]. Group 3: Background Context - The legal disputes between Disney and DeSantis were initiated after Disney opposed a Florida law known as "Don't Say Gay," which restricts discussions of sexual orientation and gender identity in early education [6][8]. - Following the takeover of the district by DeSantis appointees, Disney's previous agreements with the district were challenged, leading to a series of lawsuits that were ultimately settled in March [8][9].

Walmart is offering new perks for its hourly US workers, ranging from a new bonus plan to opportunities to move into skilled trade jobs within the company.The perks program announced Wednesday comes as the nation’s largest private employer says it’s seeing a decline in worker turnover. But Walmart, like other employers, faces a still-competitive labor market and increasing demands from its employees.Walmart’s new bonus plan for eligible part-time and full-time US store workers — including those in its pharm ...

McDonald’s was stripped of trademark rights to the “Chicken Big Mac” in the European Union after not using the name for five consecutive years, the region’s second top court said on Wednesday,The decision by the Luxembourg-based General Court was a partial win for Irish rival Supermac’s in its long-running trademark dispute with the Chicago-based fast food giant.“The evidence which was submitted by McDonald’s does not provide any indication of the extent of use of the mark in connection with those goods, in ...

Google parent Alphabet has poached Anat Ashkenazi from pharmaceutical firm Eli Lilly to serve as its next chief financial officer, the company announced Wednesday.Ashkenazi, 51, will take over the key role effective July 31 and replace Alphabet’s longtime CFO Ruth Porat. The Big Tech giant had announced nearly one year ago that Porat, 66, would be transitioning to a new role as the company’s president and chief investment officer.“We’re very pleased to have found such a strong CFO, with a track record of st ...