News Headlines - 13 August 2016

▽Russia Fines Google $6.75 Million in Antitrust Case - WSJ

Russia’s antimonopoly watchdog fined Alphabet Inc.’s Google 438 million rubles ($6.75 million) on Thursday for competition violations, the latest step in a long-running and high-profile legal battle.

▽Amazon Japan Offices Searched on Suspicion of Antitrust Law Violations - WSJ

Japanese antitrust regulators raided the offices of Amazon.com Inc.’s local arm, the latest probe targeting the U.S. e-commerce giant in a reflection of intensifying competition... The report said Amazon Japan had allegedly forced retailers to set their prices lower on Amazon to give the site an advantage over rival e-commerce sites.

▽Twitter denies #SaveTwitter rumors of shutting down in 2017 | Reuters

Twitter Inc denied on Thursday rumors that the social media messaging service will be shutting down in 2017, denouncing the claim as groundless.

▽Arianna Huffington Will Leave The Huffington Post To Build Health And Wellness Site

Huffington Post editor-in-chief Arianna Huffington announced Thursday she will step down from the company she co-founded 11 years ago to build Thrive Global, a new lifestyle, health and wellness site.

▽Congrats you won a gold medal. Now here's your tax bill - Aug. 12, 2016

America's Olympic medalists must pay state and federal taxes on the prize money they get for winning. The U.S. Olympic Committee awards $25,000 for gold medals, $15,000 for silver and $10,000 for bronze.
That's not all. Olympians also have to pay tax on the value of the medals themselves.