FTC Ready to Move on Google

FTC Ready to Move on Google

Anonymous sources at the Federal Trade Commission say they are almost ready to issue subpoenas for company records concerning anti-trust regulation and monopolizing concerns for Google’s online search engine ranking and whether or not their ranking algorithms produce amount to anti-competitive measures. Google has long been under investigation by the FTC and Justice Bureau, mainly to assess certain acquisitions and to determine whether buying out companies like DoubleClick, AdMob and ITA Software amounted to monopolistic activity. But the current investigation would have much more far-reachign consequences, as the FTC looks into Google’s main activity: search engine rankings. The European Commission currently has an investigation pending of Google’s search result rankings concerning whether or not it ranks its own owned services higher than other brands and services.

American Lawmakers Oppose Tighter Derivative Regulation

American Lawmakers Oppose Tighter Derivative Regulation

While Greece is sinking further into debt and contemplating default, the previously lowly regulated European derivatives market is now looking to strengthen regulation and oversight, for no one really knows how much credit default swaps will be concentrated into the hands of weak or strong companies. Across the sea, however, American legislators, bankers and corporate executives are up in arms over tighter domestic derivative market regulation, arguing that tighter regulation at this point would seriously hurt the US economy by making American derivatives less competitive overseas.