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Google has been hit with a $5 billion fine from the EU for breaching antitrust laws. The European Commission, which claims the internet giant abused its dominant position by imposing restrictions on Android manufacturers, could have fined it up to 10% of its annual revenue, or $11.1 billion. Google’s latest penalty follows a $2.7 billion fine last year for promoting its own shopping comparison service at the top of its search results
Warren Buffett is giving away $3.4 billion in stock to five foundations this year, the largest amount the Berkshire Hathaway CEO has donated thus far. The donations are based on a giving schedule set in 2006 when Buffett pledged to give away almost all of his fortune over the following decades. The Bill and Melinda Gates Foundation receives most of the shares. So far, Buffett's philanthropy has totaled $24.5 billion.
Texas Instruments CEO Brian Crutcher has resigned from his role for violating the company’s code of conduct. The electronics company said the violation was related to personal conduct. Rich Templeton, the company’s former CEO, will take over the role from Crutcher, who was in the job for less than two months. The announcement comes at a time of “intensified scrutiny of executive behavior across the business world.”
德州仪器公司首席执行官Brian Crutcher因违反公司行为准则而辞职。该电子公司表示，违规行为与个人行为有关。该公司前首席执行官Rich Templeton将接替Crutcher担任此职位，Crutcher在工作不到两个月。该公告发布在“对整个商业领域的高管行为进行了加强审查”之际。
A U.S. pilot shortage is forcing airlines to get creative when planning for the future. Delta expects to hire 8,000 pilots over the next decade and announced its giving conditional job offers to some college students. The airline is also allowing flight attendants and other employees to take unpaid leaves to attend flight school. American Airlines has started offering loans to student pilots. Some experts even wonder if automation can ease some of the burden.
Walmart is thinking about creating a streaming video service that may go head-to-head with Netflix and Amazon Prime Video, according to The Information. If launched, the service could be priced lower than its competitors. Walmart and Amazon have been competing over a variety of products, including same-day grocery deliveries.