Microsoft (MSFT) CEO Satya Nadella testifies in the antitrust case against Google (GOOG, GOOGL). Oddity Tech (ODD) reports significant revenue growth. Lastly, automaker General Motors (GM) furloughs 160 additional workers amid expanding UAW strike and labor negotiations.
Yahoo Finance Live's Julie Hyman highlights several of Monday's top headlines.
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JULIE HYMAN: It's closing time here at Yahoo Finance. Here's a look at some of the top stories of the day. Microsoft CEO Satya Nadella taking the stand in the Google antitrust trial. He testified that Google used unfair tactics to harm Microsoft's Bing search engine. Nadella saying, Google's default agreement with Apple cemented the browser's dominance, and that the idea there is choice for users is, quote, "Bogus."
Oddity technology reporting preliminary third quarter results. The parent company of Il Makiage and Spoiled Child makeup and skincare brands, sees revenue growth of 29% to 31%. That's above previous guidance. Oddity says repeat sales helped drive the results, although it didn't release specific numbers. The company started trading in July, at $35 a share. The shares were up in after hours trading but not quite to that IPO price.
And finally, General Motors furloughing more workers amid the broader UAW strike. The automaker is indefinitely laying off 160 more workers at plants in Indiana and Ohio, because of the impact of the strike on some facilities. The Union was set to hold another round of negotiations with GM and Stellantis on Monday.