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Tag: $2.7B

State Department approves $2.7B Patriot system sale to UAE

State Department approves $2.7B Patriot system sale to UAE

Business
May 6 (UPI) -- The U.S. State Department has approved a possible $ 2.78 billion contract with the United Arab Emirates for Patriot missiles. On Friday, the Defense Security Cooperation Agency delivered the required certification notifying Congress of the possible sale of Patriot Advanced Capability 3 Missiles Segment Enhanced and related equipment. Also included in the foreign military sale deal are tools and test equipment, support equipment, publications and technical documentation, personnel training and training equipment, spare and repair parts, facility design, U.S. Government and contractor technical, engineering, and logistics support services, and other related elements of logistics, sustainment and program support. "The proposed sale will enhance the UAE's capability to meet cu...
GM to invest $2.7B over 5 years at Brazil production plants

GM to invest $2.7B over 5 years at Brazil production plants

World
March 19 (UPI) -- General Motors is planning to invest $ 2.7 billion over the next five years in the Brazilian state of Sao Paulo, after securing incentives and a union accord. Of the total amount, half will go into the Sao Jose dos Campos plant, where the new generation Chevrolet S10 pickup truck will be built, G1 reported. The investment came after Sao Paulo state offered incentives and the Sao Caetano plant will also see investments in new products and technology, Folha de Sao Paulo reported. The information was provided after a meeting Tuesday between Sao Paulo Gov. Joao Doria and GM Latin America President Carlos Zarlenga. "I thought today was never going to come," Zarlenga said Tuesday in a report by Folha. The investments will make it possible to keep at least 13,000 jobs in Sao P...
EU hits Google with $2.7B fine for abusing weaker rivals

EU hits Google with $2.7B fine for abusing weaker rivals

Technology
European regulators fined Google a record 2.42 billion euros ($ 2.72 billion) for abusing its dominance of the online search market in a case that could be just the opening salvo in Europe's attempt to curb the company's clout on that continent. The decision announced Tuesday by the European Commission punished Google for unfairly favoring its own online shopping recommendations in its search results. The commission is also conducting at least two other probes into the company's business practices that could force Google to make even more changes in the way it bundles services on mobile devices and sells digital advertising. Even so, Europe's crackdown is unlikely to affect Google's products in the U.S. or elsewhere. But it could provide an opportunity to contrast how consumers fare when ...