Tuesday, August 16, 2011

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

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The Washington Post and New York Times reported late on Tuesda that the antitrust probe is centered onwhether (NASDAQ:GOOG), (NASDAQ:YHOO), and others agreed not to recruig each other's employees. The storiees cited unnamed sources the papers said are familiar with the The investigation is reportedly in itsearlg stages, with the papers saying that the governmengt has requested documents and information from targeted The inquiry is seen as another sign that the Obama administration will be more aggressivde on antitrust laws than his predecessor and Silicon Valley tech firma are a focus of that attention.
The Justice Department is currentl y also investigating a propose settlementbetween Google, authors and publisherzs to resolve a copyright dispute, the Wall Streetg Journal has reported citing unnamed The Federal Trade Commission has also askedd questions about whether having Googls CEO Eric Schmidt and former Genentech Inc. CEO Art Levinson on both the Apple and Googled board is a violation ofantitrusgt laws.

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