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Market Chatter: Alphabet's Google Proposes Changes to Search News Results Display to Avoid Further EU Fines

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Alphabet's (GOOG, GOOGL) Google has proposed changes to how it shows news results in its search engine to avoid further EU competition fines, Bloomberg reported Wednesday, citing people familiar with the matter.

The fines already total 9.5 billion euros ($11.2 billion), the report said, adding that the company is responding to concerns that it was "deliberately" lowering results for publishers' websites that include ads from certain commercial partners.

Google told Bloomberg that it is "continuing to engage constructively" with the European Commission and its priority is to protect users from "deceptive practices like 'parasite SEO' spam that undermine the web."

Alphabet didn't immediately reply to' request for comment.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

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