BRUSSELS (Reuters) -The European Commission on Thursday fined Meta Platforms (NASDAQ:) €797.72 million ($840.24 million) over abusive practices benefiting Facebook Marketplace, it said in a statement, confirming an earlier report by Reuters. “The European Commission has fined Meta … for breaching EU antitrust rules by tying its online classified ads service Facebook Marketplace to its personal social network Facebook and by imposing unfair trading conditions on other online classified ads service providers,” the European Commission said. Meta said it will appeal the decision, but in the meantime, it will comply and will work quickly and constructively to launch a solution…
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News of the day for Nov. 14, 2024 Joe Burbank / Orlando Sentinel / Tribune News Service via Getty Images Disney (DIS) shares are jumping after it reported revenue and adjusted earnings above estimates; October Producer Price Index (PPI) figures are due; Super Micro Computer (SMCI) shares are plummeting after the server marker again is delaying filing its financial reports; Cisco Systems (CSCO) shares are dropping after the networking giant reported declining earnings and revenue; the International Energy Agency (IEA) raises its 2024 oil demand growth projections while trimming its outlook for 2025 on weak demand from China. U.S. stock…
The 2025 Nissan Altima is poised to make waves in the mid-size sedan market with its balanced blend of performance, technology, and sophisticated design. Building on its reputation for delivering a smooth and responsive driving experience, the 2025 Altima promises to raise the standard with enhanced features and updated styling. As Nissan strives to cater to the evolving needs of modern drivers, this latest iteration is expected to offer a compelling mix of power, efficiency, and advanced safety systems. 2025 Nissan Altima (Nissan) With a focus on comfort and connectivity, the 2025 Altima aims to provide an exceptional driving experience,…
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The 2025 Mercedes-Benz C-Class is set to raise the luxury sedan experience with its blend of advanced technology, refined design, and powerful performance. This latest iteration of the C-Class continues to build on the legacy of elegance and innovation that Mercedes-Benz is known for. With a range of new features, enhanced safety systems, and a focus on sustainability, the 2025 model is designed to meet the needs of modern drivers. 2025 Mercedes Benz C Class (Mercedes) Whether you’re looking for a stylish daily driver or a high performance machine, the 2025 C-Class has something to offer. Let’s see the release…
Image source: Getty Images Burberry (LSE: BRBY) stock has had a disastrous time, crashing over 70% in 18 months. This epic decline even saw the luxury fashion house relegated from the blue-chip index to the mid-cap FTSE 250. In fashion terms, that’s a bit like going from Milan to Matalan! Yet the stock was rising from the ashes today (14 November). As I write, Burberry’s up 20% to 879p and heading for its best intraday gain ever! Mind you, the share price is still down 37% in 2024. But all big turnarounds have to start somewhere. Is that what we’re…
The 2025 Audi A4 is set to redefine the standards of luxury sedans with its blend of cutting-edge technology, elegant design, and outstanding performance. Audi has consistently been at the forefront of automotive innovation, and the new A4 is a testament to the brand’s commitment to excellence. With a focus on sustainability, the 2025 A4 will be available in both traditional combustion engine variants and an all electric model, catering to a wide range of customer preferences. 2025 Audi A4 Allroad (Audi) The new model promises to offer an enhanced driving experience, thanks to its advanced features, improved powertrains, and…
Donegal Group Inc. (NASDAQ:) recently witnessed significant stock activity as Donegal Mutual Insurance Co, a ten percent owner, acquired a substantial amount of Class A Common Stock. On November 12 and 13, the company purchased a total of 16,500 shares, valued at approximately $262,905. The shares were acquired at prices ranging from $15.9312 to $15.9361 per share. Following these transactions, Donegal Mutual Insurance Co now holds 12,577,768 shares of Class A Common Stock. No sales were reported during this period. In other recent news, Donegal Group reported a net income of $16.8 million in its Third Quarter 2024 Earnings Call,…
Report urges $6.5 trillion annual investment in climate action by 2030 to meet targets and avoid future costs.Countries need to invest more than $6 trillion per year by 2030 to tackle the effects of climate change or risk having to pay more in the future, according to report by an independent panel of experts at a United Nations climate summit. “Investments in all areas of climate action must increase across all economies,” said the report published on Thursday by the Independent High-Level Expert Group on Climate Finance (IHLEG) at COP29 in Baku, Azerbaijan. The experts put the figure at $6.5…
Image source: Getty Images I think the Vodafone (LSE: VOD) share price might be set for a comeback, after a 58% slump over the past five years. First-half results on Tuesday (12 November) did fail to impress, mind, pushing the shares down 8% on the day. But now on Thursday, Vodafone has announced its next share buyback worth up to €500m. Mixed half At H1 time, the company’s previous €500m buyback tranche was “almost complete, with 1.2bn shares repurchased for €1bn by 11 November 2024.” First-half operating profit rose by 28.3%. But Vodafone put that down primarily to €0.7 billion…