US senators have urged the FTC to investigate Google Inc. (NASDAQ:GOOG)'s
business practices. Google Inc. (NASDAQ:GOOG) To Face FTC Probe? Two US Senators
asked the Federal Trade Commission to enquire about the business practices of
Google Inc. (NASDAQ:GOOG) and the allegations that the company promotes its own
products in search results. Antitrust Committee member Herb Kohl and Mike Lee
sent a letter to the FTC chairman Jon Leibowitz urging the FTC to mount an
investigation. Adam Kovacevich, a Google Inc. (NASDAQ:GOOG) spokesman, said,
"We appreciate that the committee reserved judgment as we continue to
cooperate with the FTC. We are committed to competing fairly on the Internet's
level playing field". Google Inc. (NASDAQ:GOOG) shares were at 621.83 at the
end of the last days trading. Theres been a 14.5% movement in the stock price
over the past 3 months. Google Inc. (NASDAQ:GOOG) Analyst Advice Consensus
Opinion: Moderate Buy Mean recommendation: 1.17 (1=Strong Buy, 5=Strong Sell) 3
Months Ago: 1.17 Zacks Rank: 7 out of 30 in the industry
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