Newspaper publisher Gannett and Vice each announced furloughs and pay cuts on Monday as they contend with advertisers slashing their budgets. Gannett, which owns USA Today among its newspapers, said that some executives will take a 25% pay cut and that a number of employees will be furloughed for five days a month through June. Additionally, Gannett CEO Paul Bascobert said he would not take a...
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Why DOJ’s Damaging Evidence Against Google May Not Be Enough to Break Up the Company
Justice Department lawyers on Tuesday revealed embarrassing details about Google’s conduct in the online ad industry as part of a new antitrust lawsuit. Despite evidence and allegations that Google rigged advertising auctions and effectively stole money from website publishers that rely on the company’s advertising tools, the DOJ will have a hard time winning the case and breaking...
Japan and Netherlands To Join U.S. Restrictions on Chip Machinery Exports to China
Intel Shares Plummet After Weak Earnings, Sales Forecast
SAP Lays Off 2.5% of Workforce, Eyes Sale of Qualtrics Stake
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