FTC investigation on Google Inc. (NASDAQ:GOOG) – MSFT, YELP, EXPE, & JPM

The Federal Trade Commission has been investigating on Google Inc (NASDAQ:GOOG). Also, a letter is being prepared to pledge that it would not copy the rival websites’ content without appropriate authorization and to permit the comparison of the data of its ad campaign with the show on other search engines by the advertisers,

The probe being concluded without and forceful action would rage the competitors of Google Inc (NASDAQ:GOOG), especially Microsoft Corporation (NASDAQ:MSFT), Yelp Inc (NYSE:YELP) and Expedia Inc (NASDAQ:EXPE) who pushed the FTC to take an action. Their claim on Google Inc (NASDAQ:GOOG) for violation of antitrust law and impediment of competition by governing the Internet search together with favor to answer the question through its own services.

As specified by Commodity Futures Trading Commission of United States, it is imperative for the traders in derivatives to maintain records of audio for transactions of commodities.

The accountability of the managers and the board for authority in a letter written to the banks and the supervisors of the banks was emphasized by The Federal Reserve,

Treasury department is considering a reduction in the rate of interest. As per the plan, the variation in the old and new interest rate would be paid by the governed to the loan owners for a span of five years. The eligibility for the program would be for the borrowers who are paying their mortgage payments currently and more than 125% of the property’s value remains to be paid.

The regulatory approval for the foremost exchange traded fund of United States, supported by physical copper is won by JPMorgan Chase & Co. (NYSE:JPM). Some users in the industry believed that this may cause disruption in the market. The trade in ETFs is similar to that of trade in stock. It will grant customer’s access to the commodity (copper) without actual and physical delivery of the commodity. It is the initiative of ETF Securities that brought on track the first time the products traded in exchange and getting the backing from copper, tin and nickel, etc.

Shares of Google Inc (NASDAQ:GOOG) were down by 0.13% to close at $720.11

Shares of Microsoft Corporation (NASDAQ:MSFT) were down by 0.91% to close at $27.31

Shares of Yelp Inc (NYSE:YELP) were up by 2.16% to close at $18.45

Shares of Expedia Inc (NASDAQ:EXPE) were down by 1.07% to close at $60.78

Shares of JPMorgan Chase & Co. (NYSE:JPM) were down by 0.78% to close at $43.53

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Published by Alan Masterson

Alan has over 25 years of trading experience in the U.S. equity markets. He began his career in finance working on a program trading desk specializing in over-the-counter stocks. His career progressed from that point to his current position as senior trader on an institutional trading desk. In the evenings, Alan teaches economics at a local community college. He has contributed articles to various publications over the last six years, including feature articles for an economics magazine and various financial blogs. You may contact Alan via his email (alanmasterson@wallstreetpr.com) or his Google+ page (https://plus.google.com/103338576216002376250).