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Did Google’s Promise to ‘Do No Evil’ Convince the FTC to Do Nothing About Its Search Bias?

Has the Federal Trade Commission (FTC) been seduced by Google’s famous promise to “do no evil?” That’s the question a lot of critics are asking in the wake of the Internet search giant’s antitrust settlement with the FTC last week. The problem, critics say, isn’t simply that Google got off lightly; it’s that the FTC allowed Google to set the terms – both in defining whether the company’s behavior was harmful and in setting the terms of its punishment. “For critics of Google,” NYU Information Law Institute Fellow Nathan Newman writes on the Huffington Post, “[the] FTC decision is not bad news because we disagree with the results, but bad news because it reflects an enforcement agency failing to even ask the right questions.” (MORE: What Google’s FTC Deal Means for the Patent Wars) One of the central questions in the FTC’s antitrust investigation was how exactly to determine whether Google’s dominance in the search engine business has caused harm – and to ...

action agency billion business commission convenience decision dominance edward enforcement federal ftc google government huffington information institute internet investigation location mapquest nathan newman nyu punishment question service services settlement times wyatt york

Found more than 1 month ago on channel TIME Moneyland

Did Google’s Promise to “Do No Evil” Convince the FTC to Do Nothing About its Search Bias?

Has the Federal Trade Commission been seduced by Google’s famous promise to “do no evil?” That’s the question a lot of critics are asking in the wake of the Internet search giant’s antitrust settlement with the FTC last week. The problem, critics say, isn’t simply that Google got off lightly; it’s that the FTC allowed Google to set the terms – both in defining whether the company’s behavior was harmful and in setting the terms of its punishment. “For critics of Google,” NYU Information Law Institute Fellow Nathan Newman writes on the Huffington Post, “[the] FTC decision is not bad news because we disagree with the results, but bad news because it reflects an enforcement agency failing to even ask the right questions.” (MORE: What Google’s FTC Deal Means for the Patent Wars) One of the central questions in the FTC’s antitrust investigation was how exactly to determine whether Google’s dominance in the search engine business has caused harm – and to whom? ...

action agency billion business commission convenience decision dominance edward enforcement federal ftc google government huffington information institute internet investigation location mapquest nathan newman nyu punishment question service services settlement times wyatt york

Found more than 1 month ago on channel TIME Business

Reliance may invest nearly $1 billion in aerospace business: paper

NEW DELHI - Reliance Industries , India's third-most valuable company, is expected to invest close to $1 billion over the next few years in its aerospace division, the Economic Times reported on Saturday, citing unnamed executives close to the matter.

business delhi division india reliance times

Found more than 1 month ago on channel Reuters

New York Times Loss Shrinks

New York Times Co.'s second-quarter loss narrowed as increased online subscriptions helped to offset the media company's declining advertising revenue. It took a large write-down on its About Group division.

division group subscription times york

Found more than 1 month ago on channel Wall Street Journal

Blackberry Bankers: RIM Edges Closer to a Sale

Ahead of Thursday’s closely-watched earnings report, Blackberry-maker Research in Motion brushed aside a weekend story saying the company would separate its handset division and messaging network. The report came from the Sunday Times of London. (Subs req’d.) Waterloo, Ontario-based tech giant RIM issued a statement to TIME re-affirming the ongoing “strategic review” of its business. [...]

blackberry blackberry-maker business division london motion ontario-based rim statement subs times waterloo

Found more than 1 month ago on channel TIME Business