 | Good afternoon John |  |  | Google will receive the civil equivalent of a subpoena from the U.S. Federal Trade Commission as part of a probe into the Web giant's Internet search business, the Wall Street Journal reported, citing people familiar with the matter. The FTC plans to send the civil investigative demand with a request for more information, the civil equivalent of a subpoena, within five days, according to the report. U.S. antitrust regulators have been concerned about Google's dominance of the Web search industry, and the giant Internet company has been under investigation by the European Commission since last November.
Nokia CEO Stephen Elop showed images of his company's first phone running on the Windows phone OS. Codenamed "Sea Ray", the phone appeared to be a near copy of Nokia's N9 smartphone, unveiled earlier in the week.
The chairman of Yahoo voiced support for Chief Executive Carol Bartz, who has become a lightning rod for criticism as the company struggles with stagnant revenue growth and a rift with its Chinese partner. Yahoo's efforts to mount a turnaround remain a work in progress, said Chairman Roy Bostock at the company's annual shareholder meeting. But he said he was confident that the company was headed in the right direction and that Bartz had put Yahoo on a "clear path forward to accelerated revenue growth."
Olympic rowing twins Cameron and Tyler Winklevoss decided not to appeal to the Supreme Court a ruling upholding their $65 million settlement with Facebook and its founder Mark Zuckerberg, signaling the possible end of the long-running dispute. | | | LATEST NEWS | | Oracle software sales beat its forecast | | June 23, 2011 04:25 PM ET | | BOSTON (Reuters) - Oracle Corp's new software sales rose 19 percent during its fourth quarter ended May 31, beating its own forecasts of 4 percent to 14 percent growth. | Full Article | | IMF says identified files copied in cyber attack | | June 23, 2011 12:49 PM ET | | WASHINGTON (Reuters) - The IMF said on Thursday it had identified computer files that were copied during a recent cyberattack and has no evidence information in emails or the fund's financial systems was compromised. | Full Article | | GPS worry prompts call for more LightSquared tests | | June 23, 2011 03:14 PM ET | | WASHINGTON (Reuters) - U.S. government officials called for more testing of hedge fund manager Philip Falcone's satellite broadband start-up to address interference issues with global positioning systems, but showed interest in finding a solution rather than shutting the venture down. | Full Article | | | BUSINESS NEWS
| | Dow, S&P end down but off lows on Greek deal | | June 23, 2011 04:20 PM ET | | NEW YORK (Reuters) - Stocks closed way off session lows on Thursday on news Greece agreed to a five-year austerity plan, but lingering economic uncertainty ultimately drove indexes mostly lower, keeping the downward trend intact. | Full Article | | Fed balance sheet hits another record size | | June 23, 2011 04:32 PM ET | | NEW YORK (Reuters) - The Federal Reserve's balance sheet expanded to a record size in the latest week, as the central bank bought more bonds in an effort to support the economy, Fed data released on Thursday showed. | Full Article | | LSE bid on knife edge as TMX battle heats up | | June 23, 2011 04:35 PM ET | | TORONTO/LONDON (Reuters) - A brace of sweetened offers has failed to sway shareholders in the race to buy the operator of Canada's biggest stock exchange, and time is running out ahead of a June 30 shareholder vote. | Full Article | | Jobless claims data points to weak labor market | | June 23, 2011 01:35 PM ET | | WASHINGTON (Reuters) - The number of Americans filing new claims for unemployment benefits rose last week, suggesting little improvement in the labor market this month after employment stumbled badly in May. | 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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