Monday, October 20, 2014
Search
  
Submit your own News for
inclusion in our Site.
Click here...
Breaking News
Strong iPhone, Mac And App Store Sales Drive Apple's Record September Quarter Revenue And Earnings
Apple iOS 8.1 Available For Download
E FUN To Relase $179 Windows tablet
Microsoft And Dell Puts Azure In A Box
TDK Brings Wireless Charging To Electric Cars
Intel To Work With AT&T To Research Software Defined Networking
Intel Meegopad T01 Is A Bay Trail PC On HDMI Stick
Biostar Relases New iDEQ-T1 Compact Desktop
Active Discussions
How to generate lots of different CDs quickly
Yamaha CRW-F1UX
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
 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
Google Reports Strong Quarter Despite CPC Decline
Google Announces New Android Lollipop, Nexus 6 Smartphone, Nexus 9 Tablet And Nexus Player Streamer
Google Reveals Flaw in SSL Protocol
Google Expands Shopping Service
Google To Launch Nexus phone, Android L This Month
Apple and Google Each worth more than USD $100
Google Could Be Making Modular Monitors
Google to Release New Mobile Chat App: report
Google Triples Bug Bounty Reward
Google Offers Unlimited Cloud Storage To Students
Google To Unveil New Music Services
EC Gives Google Privacy Guidelines

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 .