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China launches an antitrust probe into Google. Here’s what it means

China launches an antitrust probe into Google. Here’s what it means

By ZEN SOO, AP Business Writer

HONG KONG (AP) — The Chinese government’s move to open an antitrust probe into Google is the latest development in a long and tangled relationship that goes back to the early 2000s.

The investigation was one of a flurry of Chinese retaliatory measures announced Tuesday in response to a 10% tariff imposed by U.S. President Donald Trump on imports from China.

Others included tariffs on American liquified natural gas and other products, and the placing of two other American firms on an unreliable entity list that could bar them from investing in China.

Here is a look at Google’s history in China and what the antitrust probe could mean for the company:

What is Google’s relationship with China?

Google launched the Chinese-language search engine google.cn in 2006. It was censored to comply with Beijing’s laws, and in 2009, was a major search engine in China with about 36% market share.

In 2010, in response to a cyberattack and an increasing unwillingness to comply with censorship rules, Google said it was no longer willing to block search results and shut down its Chinese search engine, redirecting users to its Hong Kong site instead. read more

Some US businesses close in a ‘day without immigrants.’ But many say they can’t lose income

Some US businesses close in a ‘day without immigrants.’ But many say they can’t lose income

By GIOVANNA DELL’ORTO and MELISSA PEREZ WINDER

Several businesses from day cares to grocery stores and hair salons closed Monday across the U.S. in a loosely organized day of protest against President Donald Trump’s immigration policies.

Estee Lauder to cut up to 7,000 jobs as sales slide

Estee Lauder to cut up to 7,000 jobs as sales slide

By ANNE D’INNOCENZIO, Associated Press Retail Writer

NEW YORK (AP) — Estee Lauder may trim as many as 7,000 jobs by fiscal 2026, more than 11% of its workforce, after the global beauty cosmetics maker lost money in its most recent quarter as reported a 6% sales slump.

The New York company behind such brands as MAC, La Mer and Aveda tempered its profit outlook as the economies of China and Korea slow, in addition to global geopolitical uncertainty.

China announced retaliatory tariffs on some American imports and an antitrust investigation into Google on Tuesday, just minutes after a sweeping levy on Chinese products imposed by U.S. President Donald Trump took effect.

Estee Lauder expects to book restructuring and other charges related to the job cuts of between $1.2 billion and $1.6 billion, before taxes.

As of June 30, 2024, Estee Lauder had roughly 62,000 employees worldwide, according to the company’s latest annual filing.

“We are significantly transforming our operating model to be leaner, faster, and more agile,” said CEO Stéphane de La Faverie, who became the company’s top executive last month. read more

Update: Michael Jordan’s son, a former UCF basketball player, arrested on cocaine possession charge in Maitland

Update: Michael Jordan’s son, a former UCF basketball player, arrested on cocaine possession charge in Maitland

Marcus Jordan, son of NBA legend Michael Jordan and a former University of Central Florida basketball player, was arrested in Maitland early Tuesday morning on a charge of cocaine possession after his car was found stuck on railroad tracks minutes before a train was expected, according to police.

A train was scheduled to come through in about 10 minutes when police at 1:14 a.m. noticed a blue Lamborghini SUV with a damaged front bumper parked on the tracks, according to an arrest affidavit. Jordan, 34, was found inside appearing to have tried driving over the dirt and rocks to cross via Oak Avenue near Mechanic Street.

Jordan told police he was coming from Rachel’s North Men’s Club and Steakhouse in Casselberry and the affidavit notes he had fled a traffic stop by the Seminole County Sheriff’s Office moments before he was found. Police said they smelled alcohol on his breath and initially arrested him for driving under the influence.

According to the affidavit, they found a baggie in Jordan’s front pants pocket with a powder that tested presumptive positive for cocaine. He was later taken to a DUI center near the jail where he refused to provide blood samples and was issued a citation. read more

US job openings fall to 7.6 million in December, suggesting the job market is slowing but healthy

US job openings fall to 7.6 million in December, suggesting the job market is slowing but healthy

By PAUL WISEMAN, AP Economics Writer

U.S. job openings fell in December, a sign that the labor market is cooling but still healthy.

Openings fell to 7.6 million, from 8.2 million in November, the Labor Department reported Tuesday. They were down from 8.9 million a year earlier and a peak of 12.2 million in March 2022 when the economy was rebounding from COVID-19 lockdowns. The openings fell short of the 7.9 million that economists had expected.

The number of layoffs fell, suggesting that Americans enjoy unusual job security. The number of people quitting their jobs rose modestly but stayed below pre-pandemic levels. After surging in 2021 and 2022, quits have come down as workers lose confidence in their ability to find better pay or working conditions elsewhere.

The Labor Department’s Job Openings and Labor Turnover Summary (JOLTS) showed professional and businesses services companies – a broad category that includes managers and technical workers — scaled back their job postings. Openings also fell in healthcare and social assistance and finance and insurance but ticked higher in arts, entertainment and recreation. read more