Google Inc is seeking to persuade the US Federal Trade Commission (FTC) it hasn’t broken antitrust laws and that any final agreement with the agency over its business practices shouldn’t be bound by a consent decree, three people familiar with the matter said.
CEO Larry Page met with FTC officials on Tuesday in Washington as the agency moves to wrap up its 19-month investigation of the company’s business practices, said one of the people familiar with the discussions.
Google has been engaged in settlement talks with the FTC for about a week, including an effort to define whether there’s a market where Google has a monopoly, one of the people said. The company is concerned that entering a formal settlement agreement with the agency may hurt its business prospects, said the people, who asked not to be identified because the negotiations aren’t public.
“We continue to work cooperatively with the Federal Trade Commission and are happy to answer any questions they may have,” Adam Kovacevich, a Google spokesman, said on in an e-mail.
Luxury hotel Mandarin Oriental Taipei (文華東方酒店) yesterday announced that it would suspend guestroom operations and lay off related staffers from Monday, as regional border controls and travel restrictions are unlikely to be lifted anytime soon. The partial shutdown would not affect the five-star hotel’s restaurants, bars, spa, and conference and banquet facilities, which this month have almost recovered to pre-pandemic levels, it said. “Mandarin Oriental Taipei will suspend all guestroom services from June 1 due to the impact of the COVID-19 pandemic,” the hotel said after four months of maintaining normal operations proved unsustainable. The change necessitates downsizing and the hotel is handling
Eslite Spectrum Corp (誠品生活), which runs the Eslite bookstore chain, yesterday said that it would close more outlets in Taiwan later this year as part of a business restructuring plan. At this year’s annual general meeting, Eslite chairwoman Mercy Wu (吳旻潔) told shareholders that the company remains upbeat about the market, despite the announced closures. Eslite would close its bookstore at Kaohsiung Medical University at the end of this month and its Shih Chien University bookstore in Taipei at the end of next month, Wu added. The closures are a necessary part of efforts to restructure its business operations, she said. The company on
The Financial Supervisory Commission (FSC) would set up new guidance by the end of August to boost corporate governance, insurers’ solvency, green financing, financial technology, the trust industry and information security, new FSC Chairman Thomas Huang (黃天牧) said yesterday. “Corporate governance has been improved in terms of compliance and shareholding disclosure with former chairman Wellington Koo (顧立雄) at the helm. It is time to move to the next phase to focus on companies’ roles in sustainable development,” Huang told a news conference in New Taipei City. The commission would also set policies to incentivize companies to increase green financing and adopt the
REVOLVING DOOR? MediaTek said that it has invested more than NT$100 billion in developing 5G chips over the past few years and built a team of 3,000 engineers MediaTek Inc (聯發科), the world’s second-largest handset chip designer, yesterday declined to comment on a report that China’s second-largest smartphone maker, Oppo Mobile Telecommunications Corp (歐珀), is poaching its highest-ranking executive in charge of 5G chip development. The company said that it had its employees sign agreements on labor ethics. Most Taiwanese tech companies impose “revolving door” restrictions on employees, preventing them from leaving for competitors. MediaTek shares yesterday climbed 0.98 percent to close at NT$464.5, compared with the TAIEX climbing 0.16 percent. Turnover jumped 22 percent to 8.15 million shares, compared with 6.68 million shares on Tuesday. Investors did not flinch when the