Thursday, October 27, 2016
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Uber Lays Out Plans Future of On-Demand Urban Air Transportation
Facebook Offers Halloween-themed Face Filters for Live videos
Twitter Announces Restructuring and Headcount Reduction
Qualcomm Is Buying NXP Semiconductors in A $38.1B Deal
Fujitsu Launches First 4 Mbit ReRAM
Smartphone Shipments Up 1 Percent Year over Year in Third Quarter Despite Samsung Galaxy Note 7 Recall
Nintendo To Hold Official Nintendo Switch Presentation, Hints On More Accessories, Software, VR Support
Weak Smartphone Sales Keep LG Electronics's Third-quarter Profit Down
Active Discussions
Which of these DVD media are the best, most durable?
How to back up a PS2 DL game
Copy a protected DVD?
roxio issues with xp pro
Help make DVDInfoPro better with dvdinfomantis!!!
menu making
Optiarc AD-7260S review
cdrw trouble
 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.

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
Alphabet Cutting Jobs in Google Fiber, Pauses Expansion Plans
Google's Jamboard Reinverts The Whiteboard For Collaboration in the Cloud
Google Pixel XL Manufacturing Cost is in Line with Rival Smartphones
Google Raises 3rd Quarter Lobbying But Spending Falls Behind AT&T
Google To Reply to EU Charge on Shopping By November 7
Google And Facebook Build Undersea Cable From LA To Hong Kong
Google Introduces Pixel Smartphones, Affordable Daydream VR Headset, Google WiFi, Chromecast Ultra And Google Home
Google Set To unveil New Phones And Gadgets
Google Faces Fine Over Anti-competitive Android Practices: report
Google Apps for Work Become Smarter, Part Of New G Suite
Google Launches its Allo Messaging app
Google to Unveil New Smartphones, Hardware In Oct. 4 Event

Most Popular News
Home | News | All News | Reviews | Articles | Guides | Download | Expert Area | Forum | Site Info
Site best viewed at 1024x768+ - CDRINFO.COM 1998-2016 - All rights reserved -
Privacy policy - Contact Us .