BC-Business News Preview
Among the stories for Tuesday from The Associated Press:
MICROSOFT-ATTACKING GOOGLESAN FRANCISCO â¿¿ Microsoft is skewering Google again in the latest in a series of scathing ads that say as much about the dramatic shift in the technology industry's competitive landscape as they do about the animosity between the two bitter rivals. By Michael Liedtke. With EUROPE-GOOGLE BRUSSELS â¿¿ Google is using unfair practices to cement its control over mobile internet usage on smartphones, a group of companies led by Microsoft alleged in a European antitrust complaint Tuesday. The "FairSearch" initiative of 17 companies â¿¿ which includes Microsoft, Nokia, and Oracle â¿¿claims Google is acting unfairly by giving away its Android operating system to mobile device companies on the condition that the U.S. online giant's own software applications like YouTube and Google Maps are installed and prominently displayed. By Juergen Baetz. JC-PENNEY-CEO NEW YORK â¿¿ J.C. Penney is hoping its former CEO can revive the retailer after a risky turnaround strategy backfired and led to massive losses and steep sales declines. AP photos. KOREAS-TENSION PYONGYANG, North Korea â¿¿ North Korea on Tuesday urged all foreign companies and tourists in South Korea to evacuate, saying the two countries are on the verge of nuclear war. The new threat appeared to be an attempt to keep the region on tenterhooks over its intentions. AP photos. With KOREAS-TENSIONS-KAESONG PAJU, South Korea â¿¿ A few hundred South Korean managers, some wandering among quiet assembly lines, were all that remained at the massive industrial park run by the rival Koreas after North Korea pulled its more than 50,000 workers from the complex. Others stuffed their cars full of goods before heading south across the Demilitarized Zone that divides the nations. By Youkyung Lee and Kim Yong-Ho MARKETS & ECONOMY: WHOLESALE INVENTORIES WASHINGTON â¿¿ U.S. wholesalers cut their restocking in February by the most in 17 months. But their sales jumped, suggesting companies underestimated consumer demand. The Commerce Department said that stockpiles at the wholesale level declined 0.3 percent in February. That followed a 0.8 percent increase in January, which was revised lower. By Christopher S. Rugaber.
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