Bond Report: Treasurys slip before 2-year auction
Treasury yields nudged up from record lows as traders derived little new information from the ratings watch put on several European countries nor from China and Europe manufacturing data.
Europe Regulators Plan Action Against Google
European privacy regulators agreed Tuesday to take coordinated action against Google Inc. over its privacy practices, upping the ante in the standoff with the Internet giant over the issue.
Italian Auction Weighs on Europe Markets
The euro tumbled to a fresh four-month low against the dollar and European stocks fell, after a disappointing Italian bond auction pushed the country's borrowing costs to a three-week high.
Europe Markets: Europe shares slip; banks under pressure
European shares traded slightly lower Tuesday, losing ground after U.S. Treasury Secretary Timothy Geithner the previous day warned the government could hit its self-imposed debt ceiling between mid-February and early March unless Congress raises it.
In Major Victory, Google Dodges Federal Antitrust Lawsuit with FTC Deal
Internet search giant Google has agreed to make voluntary changes to its search business in order to avoid a major federal antitrust lawsuit after a nearly two-year government investigation. The agreement, which was expected, wraps up the Federal Trade Commission’s probe into whether Google has used its search market power to unfairly harm rivals. “The conclusion is clear,” David Drummond, Google’s senior vice president and chief legal officer, said in a blog post. “Google’s services are good for users and good for competition.” A group of Google’s competitors, including Microsoft and Yelp, had been lobbying the government for several years in an effort to prod federal officials to go after the search giant on antitrust grounds. Google dominates the Web search space, with about 70% market share. Google’s agreement with the feds, which was announced Thursday, is a significant blow to its rivals, some of which were hoping the federal government would file a high-profile ...