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Exclusive: EU wants Google to stop anti-competitive Android practices, fine expected

File photo of a Google search page is seen through a magnifying glass in this photo illustration taken in BerlinEU antitrust regulators plan to order Alphabet's Google to stop paying financial incentives to smartphone makers to pre-install Google Search exclusively on their devices and warned the company of a large fine, an EU document showed. Google received a copy in April in which the European Commission accused it of using its dominant Android mobile operating system to shut out rivals. The EU competition enforcer in its charge sheet, known as a statement of objections, said it planned to tell the U.S. technology giant to halt payments or discounts to mobile phone manufacturers in return for pre-installing Google's Play Store with Google Search.




Germany's Merkel cannot afford to bail out Deutsche Bank: media

German Chancellor Merkel arrives to sign a book of condolence for former Israeli President Peres in BerlinBy Georgina Prodhan FRANKFURT (Reuters) - German Chancellor Angela Merkel cannot afford to bail out Deutsche Bank given the hard line Berlin has taken against state aid in other European nations and the risk of a political backlash at home, German media wrote on Saturday. The government denied a newspaper report on Wednesday that it was working on a rescue plan for Germany's biggest bank, as its shares went into a tailspin fueled by a demand for up to $14 billion from U.S. authorities for misselling mortgage-backed securities before the financial crisis. Germany, which has insisted Italy and others accept tough conditions in tackling their problem lenders, can ill afford to be seen to go soft on its flagship bank, the Frankfurter Allgemeine wrote.








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                                 NMLS# 1062242