Tuesday, October 23, 2012

Reports: U.S. probes Silicon Valley tech giants' hiring - Denver Business Journal:

cicugaha.wordpress.com
The Washington Post and New York Times reported late on Tuesdayh that the antitrust probe is centered onwhether (NASDAQ:GOOG), (NASDAQ:YHOO), and others agreed not to recruit each other's employees. The stories cited unnameds sources the papers said are familiar with the The investigation is reportedly in itsearlgy stages, with the papers saying that the government has requested documents and information from targeted companies. The inquiruy is seen as another sign that the Obamas administration will be more aggressive on antitrust laws than his predecessor and Silicon Valley tech firms are a focus ofthat attention.
The Justice Departmenrt is currently also investigating a proposed settlemenrtbetween Google, authors and publishers to resolvd a copyright dispute, the Wall Street Journal has reported citin g unnamed sources. The Federal Trade Commission has also asked question about whether having Google CEO Eric Schmidt and formedGenentech Inc. CEO Art Levinsonj on both the Apple and Googl e board is a violation ofantitrust laws.

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