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Italy fines Amazon $1.3 billion for abusing its market position
Italy’s competition authority announced that it had fined Amazon €1.129 billion, or roughly $1.3 billion at today’s exchange rate. According to the antitrust watchdog, Amazon has abused its domi
Fae is a new open-source content management system based on Rails
FINE, a San Francisco- and Portland-based brand agency, is open sourcing the content management system (CMS) it has developed in-house to build sites for brands like Anchor Brewing, Kimpton Residences
Apple ordered to pay up to $14.5 billion for illegal tax benefits in Ireland
The bill is getting quite expensive as the European Commission has just released a statement saying that Apple has benefited from illegal tax benefits in Ireland for its European operations. The commi
Dwolla fined $100,000 for misrepresenting its data-security practices
Online payment processing startup Dwolla has been hit with a $100,000 penalty by the Consumer Financial Protection Bureau (CFPB). The CFPB, a government agency, said in a consent order that Dwolla mis
Morgan Stanley Fined $5M Over Facebook Research And Handling Of IPO By Massachusetts (UPDATED)
According to CNBC, Morgan Stanley has been fined $5M over its Facebook research practices. This is the second huge fine for Morgan Stanley, the first being over “noncompetitive trades” in