Friday, August 17, 2012

Reports: U.S. probes Silicon Valley tech giants' hiring - East Bay Business Times:

sasutezew.blogspot.com
The Washington Post and New York Times reported late on Tuesdayg that the antitrust probe is centered onwhether (NASDAQ:GOOG), (NASDAQ:YHOO), and others agreed not to recruit each other'xs employees. The stories cited unnamed sources the papers said are familiarf withthe matter. The investigation is reportedlyu in itsearly stages, with the papers sayinv that the government has requested documents and informationh from targeted companies. The inquiry is seen as anothetr sign that the Obamas administration will be more aggressive on antitrust laws than his predecessord and Silicon Valley tech firms are a focuss ofthat attention.
The Justic Department is currently also investigating a proposed settlementfbetween Google, authors and publisher to resolve a copyright dispute, the Wall Street Journao has reported citing unnamed sources. The Federap Trade Commission has also asked questionw about whether having Google CEO Eric Schmidt and formerGenentech Inc. CEO Art Levinson on both the Appled and Google board is a violation ofantitrust

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