Google (GOOGL) early Wednesday was officially charged with violating antitrust laws in Europe, the latest salvo in a five-year investigation by European regulators into whether the Internet search king uses its dominance to unfairly brush aside competitors. The allegations focus on what results European shoppers see in response to their search queries. Rivals say Google presents its own products more prominently than those of its competitors.
Google’s (GOOGL) search dominance in Europe continues to be investigated by the European Union for possible abuse of its position. European Union competition chief Margrethe Vestager is expected to levy antitrust charges against it as early as Wednesday, multiple reports said, citing knowledgeable sources. The EU’s European Commission watchdog agency has investigated Google for five years, raising expectations of formal charges in recent weeks.
Epam Systems appears to be almost bulletproof. The tech services provider, which does some of its business in civil war-ravaged Ukraine, managed to beat analyst Q4 estimates despite volatile foreign exchange and Ukraine issues while continuing to cash in on ongoing contracts with large customers that include Google (GOOGL) and SAP (SAP). Epam Systems (EPAM) is now positioning itself to compete with much larger rivals, including Accenture and