India Court Refuses Immediate Relief to Google on $162 Million Penalty

(Bloomberg) -- An Indian appeals court refused to grant immediate relief to Alphabet Inc.’s Google over a $162 million antitrust fine for abusing the dominant position of its Android smartphone operating system in the country. Most Read from BloombergChina’s Foreign Minister Says ‘Deeply Impressed’ With AmericansShopify Tells Employees to Just Say No to MeetingsMcCarthy Loses Third Round of Voting for House SpeakerThe National Company Law Appellate Tribunal on Wednesday asked the US tech giant t Read More...

American City Business Journals

Wells Fargo, two suppliers seek Chapter 7 liquidation for United Furniture

On the day the company sent notices to all employees that it was shutting down and their jobs would be immediately eliminated, United Furniture management told credit-line provider Wells Fargo that it needed more capital immediately to continue operations, the bank says in a bankruptcy petition seeking involuntary liquidation. Wells Fargo and V & B International of Port Gibson, Mississippi, and Security Associates of Mississippi/Alabama of Homewood, Alabama, filed a joint petition late Friday asking the court to appoint a trustee overseeing remaining assets and liquidation under Chapter 7 of the federal bankruptcy code. Wells Fargo asked the court, in a motion filed Tuesday in U.S. Bankruptcy Court in Mississippi, where United is based, to schedule a hearing Friday on appointing a trustee to oversee and protect remaining United assets.