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April 15, 2015 10:26 AM EU charges Google over shopping searches, to probe Android

BRUSSELS (Reuters) - The European Union accused Google Inc on Wednesday of cheating competitors by distorting Internet search results in favor of its Google Shopping service and also launched an antitrust probe into its Android mobile operating system. In a statement, Competition Commissioner Margrethe Vestager said the U.S. tech giant, which dominates 16

April 15, 2015 10:23 AM UPDATE 1-UK watchdog fines Bank of New York Mellon $185 million

LONDON, April 15 (Reuters) - Britain's markets regulator has fined Bank of New York Mellon 126 million pounds ($185.30 million) for failing to keep customer money safe during the financial crisis. The Financial Conduct Authority (FCA) said on Wednesday the fine was levied on Bank of New York Mellon's London branch, and on Bank of New York Mellon International 70

April 15, 2015 10:10 AM EU accuses Google of abusing Internet search dominance

The European Union's competition regulator on Wednesday accused Google of illegally abusing its dominance of the Internet search market in Europe. The move could cost the tech firm billions in fines and will revive memories of Microsoft's decade-long antitrust fight with the EU. That case ended in 2009 with Microsoft paying over $2 billion in fines to the EU's competition 11

April 15, 2015 10:03 AM Japan artist on trial over vagina art says fighting for free expression

TOKYO (Reuters) - A Japanese artist on trial for obscenity after making objects modeled on her vagina said on Wednesday that there was nothing wrong with her artwork and her arrest showed how far Japan was behind the West in terms of sexual equality. Megumi Igarashi, 43, was arrested last year after building a kayak with a top shaped like her vagina 30

April 15, 2015 9:24 AM UPDATE 1-Deutsche Bank fined $8.4 mln by Dubai regulator

* Deutsche Bank says it has reviewed and upgraded client systems (Adds detail, context) DUBAI, April 15 (Reuters) - Deutsche Bank has been fined $8.4 million by the regulator of Dubai's financial free zone for what the watchdog described on Wednesday as "serious contraventions". The levy from the Dubai Financial Services Authority (DFSA) is the latest 73

April 15, 2015 9:13 AM UK watchdog fines Bank of New York Mellon $185 million

LONDON, April 15 (Reuters) - Britain's markets regulator said on Wednesday it has fined Bank of New York Mellon 126 million pounds ($185.30 million) for failing to comply with custody rules. BNY looks after assets on behalf of clients and the rules ensure that the money is safe even if the bank goes bust. The Financial Conduct Authority (FCA) said the fine was levied 72

April 15, 2015 8:37 AM Yahoo and Facebook shares outperform Google in Frankfurt

LONDON (Reuters) - The Frankfurt-listed shares of Internet companies Yahoo and Facebook outperformed those of rival Google, after media reports that Google would face anti-trust action from the European Union. Yahoo's Frankfurt-listed shares were up 1.1 percent, while Facebook's Frankfurt-listed stock rose 1.3 percent. By contrast, Google's shares in the German 12

April 15, 2015 7:51 AM 5 things to know about Tax Day: For most, it's not that bad

Wednesday is the deadline for filing income tax returns, a day long associated with the dread of rushing to fill out complicated forms and, perhaps, making a payment to Uncle Sam. But for most, it's not that bad. Aside from the complicated forms, tax season generates $300 billion in tax refunds each year, a significant boost to the U.S. economy 79

April 15, 2015 4:42 AM State water regulator flexes new muscle in response to drought

A rare rain was falling outside, but that wasn't enough to lift the spirits of Felicia Marcus, California's top water regulator, on a recent morning. First, her staff announced that residents up and down the state had barely cut back their water use despite months of warnings about the drought. Then, a local homeowner reported a neighbor whose lawn sprinklers 14 1

April 15, 2015 2:32 AM Australian Supermarket Shuts Website in Veterans' Day Furor

The government has ordered Australia's biggest supermarket chain to pull down a Website that has been widely accused of commercializing Australia's Veterans' Day near its centenary. Woolworths, which brands itself as "The Fresh Food People," briefly launched a Website "Fresh in Our Memories" late Tuesday to commemorate ANZAC Day on April 25. ANZAC stands 25