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Topping tech headlines Wednesday, the European Commission announced a deal with Google, whereby the search giant will feature links to rival services in its results, as well as make it easier for advertisers and publishers to work with competing firms.
The agreement ends a three-year battle, and helps Google avoid major fines and a prolonged investigation. Still, the EU reserves the right to fine the company up to 10 percent of its annual worldwide turnover, should it violate the terms of the deal.
In other Google news, the search giant confirmed that long-time employee and former senior vice president of ads and commerce Susan Wojcicki (pictured) will take over at YouTube. The former ad executive has been part of Team Google from the start, and was responsible for almost 90 percent of the company’s $50 billion revenue in 2012. Now in charge of a video-sharing division that reportedly earned $5.6 billion in ad revenue, she is certain to push for more commerce opportunities.
Meanwhile, the search giant is giving executive chairman Eric Schmidt $100 million in stock options, as well as $6 million in cash, to be awarded Feb. 14. The bonus, to be paid out separately from the restricted stock, is “in recognition of his contributions to Google’s performance in fiscal year 2013,” a regulatory filing said.
Be sure to check out PCMag Live from Wednesday in the video, as well as a few other stories making headlines in the links below.
- Travel to Sochi for the Olympics, Get Hacked?: If you’re headed to Sochi for the Winter Olympics, it might be best to stay off the grid.
- AT&T Ends $450 T-Mobile Poaching Promotion: Less than a month after launching a promotion to lure customers away from T-Mobile with the promise of up to $450 in cash and discounts, AT&T has abruptly ended the offer.
- Firefox 27 Boosts Social Integration, Security: Version 27 of the open source Web browser updates the Social API, TLS, and SPDY support.
- Big Xbox One Update Scheduled for Feb. 11: Microsoft will roll out an update for Xbox One on Feb. 11, which includes easier storage management and the return of the battery power indicator.
- Google Expands Bug Bounty Program, Offers More Cash: Google is getting a little more serious about the security of its Chrome apps.
- Google Must Move Mystery Barge: Google has been ordered to remove its mysterious barge from San Francisco’s Treasure Island until the proper permits are acquired.
- Apple Sued Again, Asks Court for Help Fighting Patent Trolls: Apple has asked the Supreme Court for a crackdown on patent trolls.
- Amazon Wants Your G.I. Joe, Veronica Mars Fan Fiction: The Kindle Worlds fan fiction publishing platform is adding a number of popular brands and best-selling authors to its library of creative options.
- BioShock Infinite: Burial at Sea, Episode Two Drops March 25: 2K and Irrational Games announced that the third BioShock Infinite add-on content pack is scheduled to launch March 25.
- Pentagon Opens DARPA Data to Public: DARPA funds a lot of important computer science research, much of which has remained hidden away from public view—until now.
- Steve Jobs, Sony Talked Mac OS X-Powered Vaio Laptops: Tokyo-based journalist Nobuyuki Hayashi reported that Apple and Sony were once close to inking a deal on a Hawaiian golf course.
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Source link : https://www.pcmag.com/news/google-eu-search-deal-new-youtube-boss-schmidts-106m-payday