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Bloomberg Google faces a deadline to tell the European Union how it plans to comply with an order to stop discriminating against rival shopping search services under threat of new fines that would add to a record $2.9 billion penalty. The EU gave the Alphabet Inc. unit 60 days to propose how it would “stop its illegal content” and 90 ...

Bloomberg Uber Technologies Inc.’s new chief executive officer likely comes with a price tag in the neighborhood of $200 million. Dara Khosrowshahi, who spent 12 years at the helm of Expedia Inc., held unvested stock options in that company worth $184.4 million, according to data compiled by Bloomberg. Companies typically grant replacement awards to executives who must forfeit unvested equity ...

Bloomberg New York boosted the minimum price of a pack of cigarettes by 24 percent to $13 and placed a cap on the number of tobacco sellers, part of the city’s biggest crackdown on smoking in more than a decade. The anti-tobacco moves came in the form of a seven-point package of laws that Mayor Bill de Blasio signed. The ...

Bloomberg United Continental Holdings Inc. is likely to take at least a $265 million financial hit from Hurricane Harvey because of the carrier’s reliance on Houston as one of its biggest hubs, an airline analyst said. The third-largest US carrier’s seat count will fall an estimated 1.5 percent in the current quarter because of the storm, with little opportunity to ...

Bloomberg Thailand has seen an explosion of internet shopping in recent years as consumers become more tech savvy. And if that’s anything to go by, e-commerce in Southeast Asia is taking off as well. Online retail sales in Thailand of everything from washing machines and televisions to fish sauce are growing more than 100 percent, far outpacing purchases made at ...

Bloomberg UK online grocer Ocado Group Plc is teaming up with Amazon.com Inc. to let shoppers top up their baskets using the US e-commerce giant’s voice-recognition system. The Hatfield, England-based company has developed an app for Amazon’s Alexa that allows customers to add items to their digital shopping lists, keep track of orders and ask for product recommendations simply by ...

Bloomberg Coty Inc. tumbled the most since going public four years ago after its quarterly financial report signaled the integration of dozens of beauty brands it bought from Procter & Gamble Co. is still proving to be a challenge. Excluding some items, earnings per share broke even in the fourth quarter that ended June 30, the company said. That missed ...

Bloomberg ­­­­­­­­­­­­­­­ As devastating as the flooding has been for oil refiners in the US Gulf Coast, surplus fuel inventories may help the industry withstand the worst storm to hit the country in more than a decade. Deluges from Tropical Storm Harvey have turned Houston’s busiest highways into canals of standing water and displaced thousands of people and livestock. The ...

Bloomberg OPEC’s second-largest producer is stepping up the campaign to get more for its oil by looking to revamp the way it sells crude to its biggest customers. Iraq is considering plans to use a new reference price for sales to Asia, according to traders, who received a notice from the state oil company SOMO. The producer is proposing to ...

Bloomberg China’s move to create the world’s biggest power company is expected to be the first such government-managed mega-merger by the largest energy consumer. The newly created China Energy Investment Corp. — a combination of Shenhua Group Corp., the nation’s largest coal miner, and China Guodian Corp., one of its top-five power generators — may be the first of multiple ...