Google loses EU appeal and is fined a record $4 billion

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Google suffered a significant loss Wednesday when a European court denied its appeal of an antitrust decision and issued a fine of 4.1 billion euro ($4.13 billion), a record penalty.

Driving the news: Google had challenged an earlier EU ruling that said it used its Android mobile operating system to stymie rivals, but Europe's second-highest court upheld it.

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