By Paresh Dave OAKLAND, Calif. (Reuters) – Apple Inc on Thursday told appellate judges that video game maker Epic Games had failed to show any legal error that would justify them overturning a lower-court ruling that found key App Store policies do not break U.S. antitrust law. Epic, known for its “Fortnite” game, largely lost…
FRANKFURT (Reuters) – The European Central Bank would consider extending its money-printing programme beyond this summer if the euro zone economy fell into a “deep recession” because of the conflict in Ukraine, ECB board member Isabel Schnabel said on Thursday. The ECB said earlier this month its would end its bond-buying stimulus scheme this summer…
FRANKFURT (Reuters) – The European Central Bank would reconsider plans to end its bond-buying stimulus programme this summer if the euro zone economy fell into a “deep recession” because of the conflict in Ukraine, ECB board member Isabel Schnabel said on Thursday. “If we now fall into a deep recession due to the Ukraine crisis,…
By Caroline Valetkevitch NEW YORK (Reuters) – Major U.S. stock indexes rallied more than 1% on Thursday, extending the market’s recent rebound, as investors snapped up beaten-down shares of chipmakers and big growth names and as oil prices dropped. Nvidia Corp’s stock gained 9.8%, leading a rally across the chip sector and hitting its highest…
By Vera Eckert, Christoph Steitz and Nina Chestney FRANKFURT/LONDON (Reuters) – German utilities on Thursday said their country needed an early warning system to tackle gas shortages, a day after Russia ordered the switch of contract payments to roubles, raising the risk of a supply squeeze and even higher prices. President Vladimir Putin’s rouble payment…
By Caroline Valetkevitch NEW YORK (Reuters) – U.S. stocks ended sharply higher on Thursday, extending the market’s recent rebound, as investors snapped up beaten-down chipmakers and big growth names and as oil prices dropped. The Philadelphia SE semiconductor index, which is down sharply for the year, jumped on the day, while Apple shares rose for…
BRUSSELS (Reuters) – Alphabet Chief Executive Officer Sundar Pichai will meet Europe’s antitrust chief on March 30 to discuss competition and digital issues, a European Commission official said on Thursday. Alphabet confirmed the meeting. Margrethe Vestager has handed out more than 8 billion euros ($8.8 billion) in fines to the world’s most popular internet search…
NEW YORK (AP) — Edward “Ned” Johnson III, a businessman who grew Fidelity Investments into the financial giant it is today, has died. He was 91. Johnson’s family confirmed Thursday that he died on Wednesday but did not give a cause of death. Born in Boston at the start of the Great Depression, Johnson joined…
By Tom Hals (Reuters) – Bayer AG reached an $80 million settlement with Ohio to resolve environmental damage allegedly caused by polychlorinated biphenyls, or PCBs, made by the company’s Monsanto business, the state attorney general said on Thursday. The funds from the German company, which did not admit liability, will be used for environmental cleanup,…
DALLAS (AP) — Southwest Airlines will add a fourth fare category as part of changes designed to attract more business travelers and boost revenue. The new fare level will be priced higher than Southwest’s cheapest tickets but below the airline’s top two fare categories. Southwest executives think this will fill the large price gap between…
