Wednesday, July 23, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
European Regulators May Need Extra Concessions From Google
Apple Granted Patent for Smartwatch
New Intel Solid-State Drive Pro 2500 Series Packs SK Hynix Flash And Brings Trusted Security Features
Alliance Storage Technologies Releases Enterprise Class Cloud-Integrated Storage Solution
NVIDIA Launches Shield Tablet For Gamers
AOC u3477Pqu 34-Inch WQHD Monitor Announced
ADATA Launches XPG V3 DDR3 Memory For Overclockers
Licensing Fees Drive ARM's Profit
Active Discussions
help questions structure DVDR
Made video, won't play back easily
Questions durability monitor LCD
Questions fungus CD/DVD Media, Some expert engineer in optical media can help me?
CD, DVD and Blu-ray burning for Android in development
IBM supercharges Power servers with graphics chips
Werner Vogels: four cloud computing trends for 2014
Video editing software.
 Home > News > General Computing > Google ...
Last 7 Days News : SU MO TU WE TH FR SA All News

Wednesday, May 11, 2011
Google Puts Aside $500 Million For Advertising Probe


Google today announced that it would set aside $500 million related to the possible resolution of a U.S. Justice Department investigation of its advertising business, resulting in lower first-quarter profit.

"In connection with a potential resolution of an investigation by the United States Department of Justice into the use of Google advertising by certain advertisers, we accrued $500 million for the three month period ended March 31, 2011," Google said in a statement. "Although we cannot predict the ultimate outcome of this matter, we believe it will not have a material adverse effect on our business, consolidated financial position, results of operations, or cash flows," the company added.

As a result, the company has updated the affected financial data in its first quarter 2011 release.

The expense trimmed net income to $1.8 billion, in the period, Google said yesterday. The company had reported first-quarter profit of $2.3 billion on April 14.

Google faces an increasing array of scrutiny from regulators over its market leadership and handling of users' data. The Federal Trade Commission is preparing an investigation of Google's dominance of the search industry and has alerted technology companies that it plans to gather information for the probe.


Previous
Next
Sharp Introduces 3D AQUOS Phone        All News        Graphics Add-in Board Shipments Almost Stable Since Last Quarter
TSMC Joins SEMATECH to Accelerate Research and Development on 20nm Technologies     General Computing News      Facebook Apps Leaking Access to Advertisers

Get RSS feed Easy Print E-Mail this Message

Related News
European Regulators May Need Extra Concessions From Google
Google Profit And Revenue Jump
Google Plus No Longer Requires Real Names
Google To Combat Zero-day Attacks With Project Zero
Google And Novartis To Offer Smart Lens
Google To Invest $100 Million To European StartUps
Google Restores Search Links To British Newspaper Articles
Google Buys Songza
Court Rejects Google Appeal In Street View Privacy Case
Google President Visits Cuba To Promote Internet
Google And LG To Bring 3-D Scanning, Modular Phones
Google Cardboard Brings Fun And Virtual Reality Using Your Smartphone

Most Popular News
 
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2014 - All rights reserved -
Privacy policy - Contact Us .