Google Inc., the owner of the world’s largest search engine, reached a settlement to end the European Union’s three-year antitrust probe after it improved an offer to display results from rival search services.
Banorte-Ixe Securities International was fined $475,000 for inadequate money-laundering controls that resulted in a failure to investigate suspicious bank transfers, the Financial Industry Regulatory Authority said.
When Walter Baltes was five years old, he thought money came in bundles of banknotes. His grandmother carried them in her arms to the bakery to pay for bread. It was 1923, in the German town of Witten.
The European Commission’s antitrust probe into whether Google Inc. favors its own services over competitors in search results will conclude “towards the end of the summer break,” at the earliest, L’Echo quoted EU Competition Commissioner Joaquin Almunia as saying in an interview.
Apple Inc. ’s Steve Jobs says he has no plans to take on Google Inc. in the search business, that Adobe Systems Inc. ’s Flash technology is on the wane and that partner Foxconn Technology Group doesn’t operate a sweatshop.