Tech Five: Google could face huge fine in EU
Could Alphabet-owned company Google face a major fine from the European Union over search? Plus, Apple CEO Tim Cook visits China.
Let's look at tech stocks to watch Monday:
Alphabet. According to The Telegraph, Google faces a fine of more than 3 billion euros ($3.3 billion) following an investigation by the European Union into the company's search engine. The EU claims Google abused its standing in search to slow down competitors.
Apple. As Cook begins his trip through China, Warren Buffett's Berkshire Hathaway revealed it bought 9.8 million shares in the tech giant, worth $900 million. Cook is visiting China following the company's $1 billion investment in Uber rival Didi Chuxing.
Amazon. Ready for Amazon Coffee? The retailing giant is reportedly planning to expand its private label offerings to include perishable food items including coffee and baby food.
Facebook. The social network is seeking a meeting Wednesday with conservative leaders following controversy over how it handles Trending Topics, according to a Facebook post from Glenn Beck, who was among those invited. "Mark wanted to meet with 8 or ten of us to explain what happened and assure us that it won't happen again," writes Beck.
Cisco. The networking giant reports third quarter earnings after the markets close Wednesday. Analysts polled by S&P Global Market Intelligence project revenue of $11.95 billion with earnings of 55 cents a share.
Follow Brett Molina on Twitter: @brettmolina23.