Tuesday, December 20, 2011

Google Inc. (NASDAQ:GOOG) To Face FTC Probe?

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tdp2664 E money daily 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 day’s trading. There’s 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 Zack’s Rank: 7 out of 30 in the industry



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