News of New York

Ericsson is accused of violating a Justice Department settlement over bribery
3 March 2023
3660
Ericsson has breached the agreement Sweden's Ericsson has been ordered to pay a fine of more than $206 million for violating an agreement with the US Department of Justice. This was reported in a statement pos...
Intel disputes $1.2bn fine imposed in 2009
26 January 2022
3282
Fine for Intel Intel Corporation (NASDAQ:INTC) has challenged a $1.2bn fine handed down by the European Commission in 2009 in a case to force rival AMD (NASDAQ:AMD) out of the processor market. This was reported by Bloo...
Italian authorities fine Amazon a record $1.28bn
10 December 2021
3421
Record fine for Amazon Amazon (AMZN) shares were down 1.13% on Thursday after the Italian antitrust authority handed Amazon a $1.28bn fine for abusing its dominant market position. E-commerce&n...
France's antitrust regulator fines Google 500 million EUR
13 July 2021
4166
Fine for Google France's antitrust regulator has issued a €500m fine against Google, the regulator said in a statement on its website on Tuesday. It noted that "the regulator fined the company for failing to comply with several court orders is...
Alibaba reported losses due to $2.75bn fine
14 May 2021
4645
Losses due to fine Alibaba reported stronger revenues and number of active users in the March quarter than Wall Street expected, but posted its first loss in nine years because of a major antitrust fine. Shares in Chinese e...
Tesla will pay a fine of $750,000
9 May 2021
4316
$750,000 fine Tesla will pay a fine of $750,000 and is undertaking a small-scale distributed energy project based on its own solar roofs, to resolve air quality violations at its plant in Fremont, California. It is worth noting that a spokesperson ...
Chinese authorities fined Alibaba 2.8 billion dollars
10 April 2021
4676
Largest fine in history The company was accused of violating antitrust laws. Alibaba's actions had a negative impact on competition in the e-commerce market, the regulator said. China's State Market Surveillance Administration has imposed a fine of...
France fined Google for incorrect hotel rankings
15 February 2021
3425
Mistake by Google Google has been fined 1.1 million euros in France for mistakenly ranking hotels, according to a communique from the French competition, consumption and anti-fraud directorate-general (DGCCRF) of the Ministry of Economy. "An invest...
Penalties for Alibaba
14 December 2020
2975
Alibaba's company has been fined by Chinese regulators for failing to notify authorities of past acquisitions. In general, the fines for such a company are small and will not cause significant material damage, except for the fact that the company's s...
Some non-essential businesses defying state shutdown order
31 May 2020
3626
Faced with mounting losses amid the coronavirus pandemic, some businesses in New York City are taking their chances and violating the state's shutdown order for non-essential businesses. While certain regions of New York have begun phased reopening ...
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