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Google overseas tax bill rises as UK sales hit $5.6 billion

By Tom Bergin LONDON (Reuters) - Google said its overseas tax bill rose sharply in 2013, while sales in Britain, its biggest foreign market, hit a record $5.64 billion. Google said in its 10-K annual report filed on Wednesday that its overseas tax charge, including deferred taxes, was $743 million in 2013. While this was up from $432 million for 2012, its tax rate on foreign earnings was just 8.6 percent in 2013 -- around a third the headline rate in its main non-U.S. markets.

Google becomes number two in market value

Google overtook US oil giant ExxonMobil on Monday to become the world's number two company when rated by market value, behind its high-tech rival Apple. Even though Google shares fell 0.38 percent, a bigger drop in Exxon stock allowed the Internet giant to capture the second spot in market capitalization. Google's market cap at the end of the trading day was $394 billion, compared to the $388 billion of ExxonMobil. Apple remained well ahead with a market capitalization of $472 billion.

Google to award $1.6 mn to four Brazilian NGOs

Google will award $1.6 million in prize money to four non-profit groups submitting winning proposals to help Brazil combat lingering social ills, the company announced Monday. The Internet giant said it also will offer technical assistance to help the organizations start their projects. "Brazil, the third country where we are launching this contest, is one of Google's biggest markets in the world," said Fabio Coelho, head of the company's Brazilian operations, told reporters in Sao Paulo.

New York police testing Google Glass with facial-recognition technology

New York, Feb 8 (EFE).- The New York City Police Department has begun Google Glass trials in order to quickly provide agents with information about suspects through facial-recognition technology, the police chief said. "The department is making great advances, as is the profession, as is society, in facial-recognition technology. It's one of the exciting new frontiers that we've only, I think, begun to see the tip of the iceberg in terms of its full benefit," said Police Commissioner Bill Bratton on local television channel NY1.

French court orders Google to display fine for privacy breach

PARIS (Reuters) - Google will have to display on its French search page a notice saying it has been fined by the local data-protection watchdog over how user information is tracked and stored, France's top administrative court ruled on Friday. The U.S. search engine said it would comply with the order but would keep fighting the 150,000-euro ($204,000) fine issued last month by privacy watchdog CNIL.

EU, Google reach deal on competition remedies

The EU and Google agreed Wednesday on how to settle complaints the US Internet giant is squeezing competitors in Europe's search market, avoiding legal action and billions in fines. "I believe that the new proposal obtained from Google after long and difficult talks can now address the Commission's concerns," EU Competition Commissioner Joaquin Almunia said.

EU accepts Google's latest concessions on search display, bringing final deal in sight

BRUSSELS - The European Union's antitrust watchdog on Wednesday accepted "far-reaching" concessions offered by Google to settle allegations it is abusing its dominant position in Internet searches, bringing the three-year-old case close to an end. Google would significantly change the ways it displays some search results in Europe in favour of its competitors. But reaching a settlement will spare the company a longer antitrust procedure that could have resulted in fines of up to 10 per cent of the company's annual revenue, or about $5 billion.

Google reaches agreement with European officials on antitrust case

Brussels, Feb 5 (EFE).- The European Commission said Wednesday it reached an agreement in principle with Google that could end its antitrust investigation of the tech giant. The deal, under which Google offered to display results from search rivals, would let the California-based company avoid paying a huge fine. "I believe that the new proposal obtained from Google after long and difficult talks can now address the commission's concerns," European Commission Vice President Joaquin Almunia, who is in charge of regulating competition, said.

EU accepts latest Google anti-trust pledges

The European Commission accepted on Wednesday the latest proposals by US giant Google to remedy complaints that it abuses its dominant position in the Internet search market, opening the way to a settlement. "I believe that the new proposal obtained from Google after long and difficult talks can now address the Commission's concerns," EU Competition Commissioner said. bmm/hd

EU accepts Google anti-trust pledges

The European Commission accepted Wednesday the latest proposals by US giant Google to remedy complaints it abuses its dominant position in the Internet search market, opening the way to a settlement. "I believe that the new proposal obtained from Google after long and difficult talks can now address the Commission's concerns," EU Competition Commissioner Joaquin Almunia said.
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