Breaking News
FONT-SIZE Plus   Neg
Share SHARE

Reports: Google May Resolve FTC Antitrust Probe This Week

RELATED NEWS
Trade GOOG now with 

Search engine giant Google Inc. (GOOG: Quote) might settle a 20-month antitrust probe by U.S. regulators this week, reports said Wednesday. Google may reach a voluntary agreement and a consent decree on its alleged misuse of patents.

The FTC and the European Commission launched parallel antitrust probes in mid-2010 into allegations from other search engines that Google abused its dominant position in online search market. Google is alleged to have manipulated search results to lower the ranking of competing services in its results, while putting its own products high up in search results in order to reap business.

The 20-month probe stemmed from complaints by search service providers about unfavorable treatment of their services in Google's unpaid and sponsored search results. The service providers also alleged that Google gave preferential placement to its own services.

The Federal Trade Commission may announce that Google has agreed to voluntarily change some of its business practices. The agency may also announce the technology company's settlement of allegations of misuse of patents to win an edge over competitors in smartphone technology.

The FTC is expected to close its probe on whether Google interferes with its search results to favor its own services without enforcement action. The regulator's decision not to take action could be a blow to Google's competitors such as Microsoft Corp. (MSFT), Yelp Inc. (YELP) and Expedia Inc. (EXPE).

Google is expected to make changes in the manner in which it uses content from other websites and allows advertisers to transfer data to other platforms.

It was reported last month that the FTC decision on the probe may be delayed until early 2013 as the regulator decided to examine whether Google's proposed voluntary changes are good for consumers.

In December 2012, the European Commission also decided to give Google a month to submit a detailed proposal on amicably resolving its parallel probe.

A Wall Street Journal report had said last month that Google is likely to emerge unscathed from the probe as it would agree to make some voluntary changes to its search practices.

GOOG added 2.2 percent on Wednesday to settle at $723.25.

Register
To receive FREE breaking news email alerts for Google Inc. and others in your portfolio

by RTT Staff Writer

For comments and feedback: editorial@rttnews.com

Business News

Editors Pick
The Philippine economy grew more-than-expected in the second quarter on strong support from foreign demand, figures from the National Statistical Coordination Board showed Thursday. Gross domestic product for the second quarter advanced 6.4 percent year-on-year, exceeding economists' expectation for 6.1 percent growth. This followed by a revised 5.6 percent rise seen in the first quarter. Hewlett-Packard has recalled the AC power cords for its HP and Compaq notebook computer, citing a tendency to overheat, causing a potential fire and burn hazard. HP requests that consumers stop using the cord immediately and contact them to order a replacement cord free of charge. A UN report describing terrible atrocities carried out by Islamic State militants in Syria says children as young as 10 are being recruited and trained at ISIS camps as fighters. The report, based on 480 interviews and and evidence collected between 20 January and 15 July, chronicles the unimaginable brutality and human cost of the Syrian conflict. The report by the independent international com
comments powered by Disqus
FREE Newsletters, Analysis & Alerts

 

Stay informed with our FREE daily Newsletters and real-time breaking News Alerts. Sign up to receive the latest information on business news, health, technology, biotech, market analysis, currency trading and more.