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EU fines Google record $2.7 billion in first antitrust case

BRUSSELS EU antitrust regulators hit Alphabet unit Google with a record 2.42-billion-euro ($2.7 billion) fine on Tuesday, taking a tough line in the first of three investigations into the company's dominance in searches and smartphones.

Recent Business News

Oil prices up 2 percent on weaker dollar, short covering

NEW YORK Oil prices rose about 2 percent on Tuesday and hit a one-week high, boosted by a weaker dollar, short covering and expectations that crude inventories in the United States may decline for the third consecutive week.

12:27pm EDT

Wells Fargo to sell commercial insurance business

Wells Fargo & Co said on Tuesday it agreed to sell its commercial insurance business to private insurer USI Insurance Services, as the third-largest U.S. bank plans to focus on core banking products and services.

9:53am EDT

Charter, Comcast explore wireless partnership with Sprint: sources

U.S. wireless carrier Sprint Corp is in talks with Charter Communications Inc and Comcast Corp about a partnership to boost the two U.S. cable companies' wireless offerings, according to sources familiar with the matter.

Deals, Tech 1:07pm EDT

Delaware top court rules for Chicago Bridge in Westinghouse dispute

WILMINGTON, Del The Delaware Supreme Court ruled in favor of Chicago Bridge & Iron Co on Tuesday in a $2 billion dispute with Westinghouse Electric Co that stems from cost overruns at a pair of unfinished U.S. nuclear power plants.

BlackRock makes technology deal in cash management business

BlackRock , the world's biggest asset manager, on Tuesday said it would buy a software company that helps businesses invest their cash, marking its second investment in a technology firm this month.

11:35am EDT

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