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Gallup: Family of four needs an average $58,000 a year
MOUNTAIN VIEW, Calif., May 21 (UPI) -- Google Chief Executive Officer Eric Schmidt, in an interview with Financial Times, said the company considered buying a newspaper and decided against it.
In the interview published Wednesday, Schmidt said his company, as a platform to reach other Web sites, wants "to avoid crossing the line" between technology and content.
Other news stories have suggested Google is considering partnerships with news organizations or possible investments in them. There have also been suggestions that some newspapers could be converted into non-profits through the Google Foundation.
"They are unlikely to happen without some massive, massive set of corporate bankruptcies," Schmidt said.
Google's relationship with news organizations has been a difficult one, with some accusing the company of making money off the content they pay to provide. Schmidt said Google helps news Web sites by sending readers to them.
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| Additional Business News Stories | |
NEW DELHI, May 20 (UPI) --
The US Department of Energy's conditional approval a Texas liquefied natural gas terminal to export to nations that do not have a free trade agreement with the United States is seen as a potential boost for India's energy security.
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RIO DE JANEIRO, May 20 (UPI) --
Sweden's Saab is upgrading its bid for Brazil's FX-2 jet fighter purchase plan, even as it weighs challenges from rivals Boeing and France's Dassault.
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Properties repossessed by lenders in the first quarter took an average of 477 days to complete the foreclosure process, up from 414 days in the previous...
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Nobody likes spending cuts but the champion of that attitude is clearly President Barack Obama, who seems to have a very clear pain-avoidance agenda.
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