 | Good afternoon John |  |  | U.S. antitrust regulators started a formal investigation into whether Google abuses its market power by favoring its own services over those of rivals in online searches and through other practices. The company has been accused of anticompetitive practices by other companies doing business online. "It's still unclear exactly what the FTC's concerns are, but we're clear about where we stand," Google said on its official blog. "Since the beginning, we have been guided by the idea that if we focus on the user all else will follow."
"Typically less than one out of every 10 investigations lead to enforcement. This investigation faces daunting odds," said David Balto, a former FTC policy director."The complaints presented to the FTC are from disgruntled advertisers, not consumers. That is not a strong foundation to an antitrust case."
Private equity firms KKR and Silver Lake are in talks to buy Internet domain site GoDaddy.com and a deal could be more than $2 billion, two sources familiar with the matter said.
Hackers breached an Electronic Arts website and may have taken user information such as birth dates, phone numbers and mailing addresses, the company said on its website. The video game publisher said the attack, which hit a server for EA's Bioware studio in Edmonton, Canada, was associated with the fantasy game "Neverwinter Nights." The company said no credit card data or social security numbers were taken but other sensitive information may have been breached.
Lulz Security, the hackers who previously broke into a U.S. Senate server and brought down the CIA website, struck an Arizona police website, releasing dozens of internal documents over the Internet. The group, saying it opposed a tough anti-immigration law in Arizona, said it was releasing documents that related to border control and other law enforcement activities. Its headline was "Chinga La Migra," Spanish for a more profane way of saying "Screw the Immigration Service." It released about a half a gigabyte of data, including account names, passwords and contact information for several people. Reuters was able to reach two of them to establish that they were accurate.
Cameron and Tyler Winklevoss pushed ahead with another suit against Facebook, a day after they decided not to appeal a U.S. Supreme Court ruling upholding their $65 million settlement with Facebook and its founder Mark Zuckerberg. The twins and their business partner, Divya Narendra, said they would move the court for discovery on whether Facebook "intentionally or inadvertently suppressed evidence" during settlement proceedings over claims that Zuckerberg stole their idea for a college social networking website. | | | LATEST NEWS | | Nortel patent sale attracts tech giants | | June 24, 2011 02:27 PM ET | | TORONTO (Reuters) - Valuable broadband and networking patents developed by bankrupt Nortel Networks go up for sale next week, with tech giants like Google, Apple and Intel heading the list of would-be buyers. | Full Article | | Proxy advisor urges RIM CEO/chairman roles be split | | June 24, 2011 02:28 PM ET | | TORONTO (Reuters) - Shareholders in Research In Motion should vote to split the roles of chief executive and chairman of the board at the BlackBerry maker's annual meeting next month, proxy advisory firm Glass Lewis said on Friday. | Full Article | | Obama launches technology partnership to spur jobs | | June 24, 2011 03:49 PM ET | | PITTSBURGH (Reuters) - President Barack Obama on Friday launched an initiative to develop new U.S. manufacturing jobs by teaming up government with companies and universities to invest more than $500 million in advanced technologies. | Full Article | | | BUSINESS NEWS
| | Wall Street sinks on Europe's debt misery | | June 24, 2011 04:35 PM ET | | NEW YORK (Reuters) - Wall Street dropped for a third day on Friday on worries about the Italian banking sector and Greece's debt crisis, but the S&P 500 managed to hold its 200-day moving average in a sign buyers still see value. | Full Article | | Ex-media mogul Conrad Black sent back to prison | | June 24, 2011 04:20 PM ET | | CHICAGO (Reuters) - A U.S. judge on Friday ordered former media baron Conrad Black back to prison for 13 more months, cutting his original 6 1/2-year sentence nearly in half for remaining fraud and obstruction of justice convictions. | Full Article | | China blurs A380 order, backs 747 amid EU row | | June 24, 2011 02:20 PM ET | | LE BOURGET, France (Reuters) - China downgraded the announcement of an Airbus superjumbo order and signed up for the Boeing 747-8 as deals worth $9 billion coincided with a row over European emissions trading rules, industry sources said. | Full Article | | Antitrust fixes loom as D.Boerse/NYSE vote nears | | June 24, 2011 12:28 PM ET | | NEW YORK (Reuters) - Complex antitrust questions hang over Deutsche Boerse AG and NYSE Euronext just weeks before shareholders decide whether to endorse a blockbuster exchange merger, though no significant regulatory fixes are expected. | Full Article | | | | U.S. TOP NEWS | | | | | RELATED VIDEO | | |  |  | | A daily digest of breaking business news, coverage of the US economy, major corporate news and the financial markets. Register Today. |  | | Your daily briefing on the latest tech developments from around the world from Reuters expert tech correspondents. Register Today. |  | | The latest Reuters articles on M&A, IPOs, private equity, hedge funds and regulatory updates delivered to your inbox each day.. Register Today. | | | » MORE NEWSLETTERS | | | ODDLY ENOUGH | | | | | | |
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