In an unprecedented move Wednesday, the European Commission fined Microsoft Corp for failing to follow through on a commitment it made to give customers a clear choice of web browser. The fine of 561 million euros ($731 million) represents 1 percent of Microsoft's annual sales.
TNT Express was set to be absorbed by shipping giant UPS, but the sale was blocked by the European Union's antitrust chief. UPS first offered to buy TNT Express in March to increase its shipping footprint in Europe.
European Union regulators ended an antitrust probe into e-book prices after Apple and other publishers offered to abandon the possibility of pricing agreements that would have hindered Amazon selling e-books more cheaply than their rivals.
The news of a bailout of Spanish banks caused a brief burst of optimism to penetrate the gloom of Wall Street Monday. But within hours stocks had fallen again, with the Dow closing down 142 points at 12,411, another large decline.