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After guaranteeing its banks' debts in October 2008, Ireland announced this weekend that it applied for a multibillion-Euro bailout package from the European Union and the International Monetary Fund. Don't freak out, though! The corporate tax rate won't be raised. More »
]]> http://gawker.com/index.php?op=postcommentfeed&postId=5695802&view=rss&microfeed=true • Why isn't your glass of water getting refilled? It might be because the restaurant decided to slash costs by firing all the busboys. [WSJ] More »
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While Google and Yahoo have said that their planned search advertising agreement will only cover the United States and Canada, that hasn't stopped European Union officials from looking into the deal on behalf of the World Association of Newspapers trade group. The EU joins the United States's Department of Justice and the State of California's Attorney General Jerry Brown in raising questions about the deal. [Reuters] (Photo by Steve Cadman) More »
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The European Commission's Software Quality Observatory for Open Source Software has released a "software quality checking platform" called Alitheia Core, designed to formalize quality control over open-source code. It doesn't boost my confidence that the demo site is throwing 503 Service Temporarily Unavailable errors this morning. You'll have to settle for the press release: More »
]]> http://gawker.com/index.php?op=postcommentfeed&postId=5024918&view=rss&microfeed=true The EU will review Nokia's $8.1 billion buyout of digital mapmaker Navteq. The Commission believes the deal could hurt competition. Navteq only has one large rival, Tele Atlas, which is being acquired by GPS maker TomTom. The EU is already examining that transaction. [FT] More »
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European Union regulators fined Microsoft 899 million euros — $1.35 billion and counting — for failing to comply with a 2004 antitrust decision. The order said Microsoft overcharged for patent licenses and documentation which developers needed to build applications on Windows. Compliance with this antitrust order is the reason Microsoft released 30,000 pages of documentation last week — all under the guise of being "open source" friendly. Unfortunately for Microsoft, the euro hit an all-time high against the dollar this morning, priced at $1.5057 to €1. If Microsoft had just settled this in 2004, instead of fighting, it would have saved $400 million. (Photo by AP) More »
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