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Month: September 2023

Google’s search engine dominance is at the center of the biggest US antitrust trial in decades

Google’s search engine dominance is at the center of the biggest US antitrust trial in decades

By MICHAEL LIEDTKE (AP Technology Writer)

The U.S. government is taking aim at what has been an indomitable empire: Google’s ubiquitous search engine that has become the internet’s main gateway.

The legal attack will swing into full force Tuesday in a Washington D.C. federal courtroom that will serve as the battleground for the biggest U.S. antitrust trial since regulators went after Microsoft and its dominance of personal computer software a quarter century ago.

The 10-week trial before U.S. District Judge Amit Mehta is expected to include potentially revelatory testimony from top executives at Google and its corporate parent Alphabet, as well as other powerful technology companies. Alphabet CEO Sundar Pichai, who succeeded Google co-founder Larry Page in 2019, will be among the most prominent witnesses likely to testify. Court documents also indicate one of Apple’s highest-ranking executives, Eddy Cue, might be called to the stand.

The case against Google mirrors the one brought against Microsoft in many ways, including the existential threat it poses to a renowned tech giant whose products are relied on by billions of people. read more

Roth IRA conversion: Here’s everything you need to know before converting

Roth IRA conversion: Here’s everything you need to know before converting

James Royal, Ph.D. | Bankrate.com (TNS)

A Roth IRA is the best retirement account around, according to many experts, and it offers huge benefits such as tax-free income and the ability to leave tax-free money to heirs. Plus, because of its tax-free status, a Roth IRA gives you flexibility when it comes to taking retirement income.

But what if you have another retirement plan? The good news is that you can convert plans such as a 401(k) or traditional IRA to a Roth IRA and take advantage of its range of benefits.

“Converting to a Roth can be a great way to take advantage of historically lower tax rates and establish a tax-free retirement,” says Eva Victor, senior director of high-net-worth wealth planning at Northwestern Mutual. “Once you have a Roth IRA, it can produce tax-free income for years, even decades.”

Here’s how to use a Roth IRA conversion to set up tax-free income for your retirement.

What is a Roth IRA?

A Roth IRA is a tax-advantaged retirement account. With a Roth IRA, you deposit after-tax money, can invest in a range of assets and withdraw the money tax-free after age 59 1/2. Tax-free withdrawals are the biggest perk, but the Roth IRA offers others. read more

Disney, ESPN back on Spectrum cable. Charter, Disney settle carriage dispute

Disney, ESPN back on Spectrum cable. Charter, Disney settle carriage dispute

By DAVID BAUDER (AP Media Writer)

NEW YORK (AP) — Hours before the fall’s first “Monday Night Football” game, Disney and Charter Communications settled a business dispute that had left some 15 million cable TV customers without ESPN and other Disney channels.

Disney said that because of the deal, the majority of its ESPN customers would have service restored to Charter’s Spectrum cable system immediately. Charter confirmed the deal Monday.

Charter’s Spectrum service is the largest cable TV provider in Central Florida.

The agreement was announced hours before the New York Jets and Buffalo Bills were to debut their season on ESPN and ESPN2. It’s the first game for the Jets with Aaron Rodgers as quarterback, and many Spectrum customers are in the New York area.

Charter had sought access to Disney’s streaming services for its customers and, as part of the deal, both sides said that the Disney+ ad-supported service and ESPN+ would be offered to select Spectrum customers. They also said that ESPN’s direct-to-consumer service, which is still in the works, will be part of the Spectrum service. read more