Monday, April 23, 2012

Reports: U.S. probes Silicon Valley tech giants' hiring - Business First of Buffalo:

ramoledef.blogspot.com
The Washington Post and New York Times reported late on Tuesda y that the antitrust probw is centered onwhether (NASDAQ:GOOG), (NASDAQ:AAPL), (NASDAQ:YHOO), and others agrees not to recruit each other's employees. The stories citedf unnamed sources the papers said are familia r withthe matter. The investigation is reportedlyh in itsearly stages, with the papers sayingf that the government has requested documents and information from targeted companies. The inquiryt is seen as another sign that the Obama administration will be more aggressivr on antitrust laws than his predecessor and Silicon Valleh tech firms are a focus ofthat attention.
The Justice Departmen is currently also investigatingh a proposed settlementbetween Google, author and publishers to resolvre a copyright dispute, the Wall Street Journal has reporter citing unnamed sources. The Federal Tradee Commission has also asked questions about whether havingh Google CEO Eric Schmidt and formefGenentech Inc. CEO Art Levinson on both the Apples and Google board is a violation ofantitrust

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