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U.S. markets recover from steep losses
WASHINGTON, Dec. 20 (UPI) -- The U.S. Federal Trade Commission has cleared Google's proposed $3.1 billion takeover of DoubleClick, winding up an eight-month investigation with a 4-1 vote.
The FTC said the deal was "unlikely to substantially lessen competition" though it would be expected to create a formidable force in the rapidly growing online advertising field.
However, Google and DoubleClick, a New York-based firm that specializes in placing display ads on Web sites, still face substantial antitrust scrutiny in Europe, the Wall Street Journal said.
Google has said it will need European clearance before it will close the deal. The European Commission set an April 2, 2008, deadline for completing its review.
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CANBERRA, Australia, May 23 (UPI) --
Australia has passed legislation establishing the $10 billion Clean Energy Finance Corp. to provide grants and government investment to green projects.
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ORLANDO, Fla., May 23 (UPI) --
The U.S. Air Force has added Lockheed Martin to its list of companies for support of its medical services worldwide.
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The housing inventory rose slightly in April, which is unusual in the middle of the spring sales season. The uptick may be the result of rising seller confidence and it should ease concerns that the super tight inventory levels of the last six months...
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What if Europe turned out to be the new Japan?
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