This Day On The Street
Continue to site right-arrow
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

EU Fines Microsoft $732.2 Million: Hot Trends

NEW YORK ( TheStreet) -- Popular searches on the Internet include Microsoft (MSFT - Get Report) after the European Union fined the company €561 million ($732.2 million) for failing to offer consumers a choice of Web browser.

European Union regulators said Microsoft had made a legally binding agreement in 2009 to give consumers a choice of browser, which an investigation found it failed to do between May 2011 and July 2012. It is the first time the EU has fined a company for not complying with commitments reached in antitrust decisions. The EU said as a result of Microsoft's non-compliance with the voluntary agreement, at least 15 million people didn't have the option to choose another browser besides Internet Explorer.

The amount of the fine is not as heavy as it could have been. The EU could have charged Microsoft as much as $7.9 billion.

Microsoft said a technical error caused the failure and it has already put in stricter internal controls to prevent it from happening again. The company said it takes "full responsibility" for the failure.

ADP is trending as the payroll processor said businesses added 198,000 jobs in February, beating economists' forecasts of 173,000 job gains for the month.

The trade and transportation sector added the most jobs at 45,000, followed by professional and business services, which added 35,000. Small and midsize businesses posted the most job gains for the second month in a row. Small businesses added 77,000 jobs, mid-sized businesses added 65,000 and large companies added 57,000.

Looking ahead, the Labor Department's February employment survey comes out on Friday. The ADP report is often seen as a possible preview of the jobs report.

Staples (SPLS - Get Report) is another popular search. The company reported fiscal fourth-quarter net income that dropped 72%, largely weighed down by weak sales in North American and Europe, as well as store closings and other related charges.

Staples' adjusted results still managed to beat Wall Street expectations. The company reported earnings of $78.1 million, or 12 cents a share, down from $283.6 million, or 41 cents a share, a year ago. Excluding charges, earnings from continuing operations were 46 cents a share, beating analysts' estimates of 45 cents.

1 of 2

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
MSFT $40.97 0.00%
SPLS $16.12 0.00%
AAPL $123.25 0.00%
FB $83.30 0.00%
GOOG $548.34 0.00%


DOW 17,712.66 +34.43 0.19%
S&P 500 2,061.02 +4.87 0.24%
NASDAQ 4,891.2190 +27.8570 0.57%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs