A European court upheld a billion-dollar EU fine against Microsoft on Wednesday but reduced the penalty by tens of millions of euros. The General Court, the European Union\'s second highest tribunal, dismissed Microsoft\'s bid to annul the penalty but cut the US software giant\'s fine by 39 million euros to 860 million ($1.07 billion). The fine was imposed by the European Commission in 2008 after Microsoft failed to comply with an order to share product information with rivals so that their software can work with the ubiquitous Windows operating system. The court, in a statement, said it \"essentially upholds the Commission\'s decision imposing a periodic penalty payment on Microsoft for failing to allow its competitors access to interoperability information on reasonable terms.\" EU Competition Commissioner Joaquin Almunia said the ruling confirmed that Brussels was right to impose a penalty. \"Today\'s judgement fully vindicates the enforcement action that the Commission took to ensure Microsoft\'s compliance with its obligations,\" Almunia said. \"The requirement that Microsoft disclose information to its competitors so as to allow interoperability between the dominant Windows architecture and rival work group servers brought significant benefits to users,\" he said. Microsoft voiced disappointment at the ruling but did not indicate whether it would appeal to the European Court of Justice, the EU\'s top tribunal. \"Although the General Court slightly reduced the fine, we are disappointed with the Court\'s ruling,\" a company statement said.
GMT 09:43 2018 Tuesday ,23 January
Global unemployment down but working poverty rampantGMT 15:13 2018 Sunday ,21 January
All you need to know about Davos 2018GMT 22:33 2018 Saturday ,20 January
Calls for action over dirty money flowingGMT 04:42 2018 Saturday ,20 January
Storm caused 90 mn euros in damage: Dutch insurersGMT 07:06 2018 Friday ,19 January
China economy rebounds in 2017 with 6.9% growthGMT 11:35 2018 Thursday ,18 January
'Massive' infrastructure spending needed in AfricaGMT 14:29 2018 Wednesday ,17 January
GE takes one-off hit of $6.2 bn linked to insurance activitiesGMT 18:55 2018 Tuesday ,16 January
London stock market edges to new high

Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Maintained and developed by Arabs Today Group SAL.
All rights reserved to Arab Today Media Group 2025 ©
Send your comments
Your comment as a visitor