Global Glance: European stocks fall, Yahoo’s deterioration accelerates

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Here are today’s top business headlines from across the nation and world:

European stocks fall in early trading

European stocks are down in morning trading, tracking their Asian counterparts, as a recent improvement in investor sentiment appeared to run out of steam. Read more

EU expands battle with Google with Android antitrust probe

BRUSSELS (AP) — The European Union is broadening its battle with Google, alleging that the technology giant rigs the global market for mobile apps by making its Android operating system give preferential treatment to its own products. Read more

Yahoo’s deterioration accelerates ahead of a possible sale

SAN FRANCISCO (AP) — Yahoo on Tuesday posted a $99 million first-quarter loss on a sharp drop in net revenue, a figure that subtracts ad commissions from total turnover. Yahoo’s net revenue fell 18 percent from year-earlier period to $859 million. It’s the largest decline in Yahoo’s quarterly net revenue since the company hired Marissa Mayer as its CEO nearly four years ago. The company, which is considering selling all or some of its digital operations, expects an even bigger net revenue drop of 20 percent in the quarter ending in June. Read more

What to look out for in the European Central Bank’s meeting

FRANKFURT, Germany (AP) — Europe’s big dose of economic stimulus medicine is working – and if somehow it isn’t, there’s more available. That’s the message European Central Bank President Mario Draghi will deliver Thursday at his news conference after the bank’s governing council meets, analysts say. Read more

Germany trims 2017 growth forecast to 1.5 percent

BERLIN (AP) — The German government says it’s trimming its growth forecast for 2017 due to fragilities in the global economy. Economy Minister Sigmar Gabriel said Wednesday that Berlin now expects Europe’s biggest economy to grow 1.5 percent, down from the 1.8 percent it had predicted in October. The forecast for 2016 is unchanged at 1.7 percent. Read more

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