FTC probes Google dominance in search and ads
The FTC opens an investigation into Google's search and advertising practices to see if the company tilts results toward its own services such as Google Places Maps YouTube and Google Advisor. Regulators will assess whether ads and links influence competition and consumer choices.
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Google faces probe over online ads revenue and bidding
Google expanded into video mobile phones and TV where text ads alongside search content drive most revenue expected over 35 billion this year. Critics allege ad price manipulation while Google cites auction bid forces and competitive blocking claims. Expedia Hotwire Kayak back the antitrust inquiry.
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Coke to raise prices across bottlers this summer
Coca-Cola Co. and its two major bottlers plan price increases starting next month. Coca-Cola Consolidated will raise prices 3 to 5 percent in early July, and Coca-Cola Refreshments 3 to 4 percent on July 31, with a year end rise of 5 to 6 percent overall.
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Obama calls for renaissance in American manufacturing in Pittsburgh
President Obama urged a national push to modernize U S manufacturing with robotics nanotechnology and other high techs at Carnegie Mellon University Pittsburgh. He outlined a 500 million initiative and a partnership among industry universities and the federal government aimed at creating jobs boosting the middle class and maintaining global leadership.
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Gas prices fall easing summer road trip plans
Gasoline prices drop 38 cents in seven weeks to 3.60 a gallon with another 25 cent decline expected by mid July. Economists note broader economic slowdown, oil reserves release, and lower prices boosting consumer spending and travel. Local drivers like Ron Meyers rediscover summer outings as costs ease.
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