Comment on Business News Roundup, Sept. 30

Business News Roundup, Sept. 30

Microsoft outmuscled Salesforce this year to buy LinkedIn for $26.2 billion, but now the San Francisco software company has raised concerns with Europe’s antitrust authorities about the takeover, according to three people with knowledge of the matter, who spoke on the condition of anonymity because they were not authorized to discuss it publicly. The competition questions have focused on whether the deal would hinder access by people and companies to the vast collection of data held by Mountain View’s LinkedIn. Salesforce has also suggested that the deal would give Microsoft an unfair advantage by combining its own services with information held by the social network, two of the people said. Fed Chairwoman Janet Yellen said Thursday she is committed to increasing diversity throughout the system, including senior leadership. Yellen said that the Fed will benefit from greater diversity, and commercial banks will be better off with a more diverse workforce. Fed Up, a coalition of community activist groups and labor unions, wants to change how the Fed’s 12 regional banks operate, including increasing job opportunities for minorities. A Cambridge University study of British and U.S.

 

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