Thursday, September 22, 2011

Summary Box: Google exec faces off with senators (AP)

GRILLING GOOGLE: A Senate hearing Wednesday gave lawmakers an opportunity to confront Eric Schmidt, Google's executive chairman, about the Internet search leader's business practices.

THE CONCERN: Critics contend Google Inc. has been abusing its power to promote its own services in its search rankings while relegating its rivals to the back pages.

THE RESPONSE: Schmidt countered the attacks by portraying Google as a company constantly striving to make the world a better place.

THE FALLOUT: Several senators skewered Google during Schmidt's 90-minute appearance. That is likely to throw weight behind a Federal Trade Commission investigation into Google's business practices.

Source: http://us.rd.yahoo.com/dailynews/rss/search/*http%3A//news.yahoo.com/s/ap/20110921/ap_on_bi_ge/us_google_competition_summary_box

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