US antitrust authorities could follow EU in investigating Google’s Android deals

26 Sep 2015 | Author: | No comments yet »

Five Things Everyone Will Be Talking About Today.

The news organization reports that two sources familiar with the matter tell it that “the Federal Trade Commission reached an agreement with the Justice Department to spearhead an investigation of Google’s Android business.” Officials are said to have been meeting with tech industry representatives complaining about the way Google prioritizes its own services on Android.Already in the crosshairs of European regulators because of Android’s dominance, Google could now be facing a second antitrust investigation in the U.S. involving its mobile operating system. The dollar strengthened, with a gauge of the currency heading for its biggest weekly gain in two months, following a speech by Federal Reserve Chair Janet Yellen yesterday evening where she said the central bank is on track to raise rates later this year. After three years of planning, the European Commission announced that it was opening a formal investigation into claims of unfair practices by Google earlier this year.

Volkswagen is set to appoint Matthias Mueller, currently head of the company’s Porsche brand, as its new CEO when the 20-person supervisory board meets later today. But it also opened its own inquiry into whether Google was abusing Android’s power by forcing manufacturers to accept unfavorable terms, or hurting competitors by bundling its own apps into the system. The Malaysian ringgit fell to below 4.39 against the dollar for the first time since the Asian financial crisis in 1998, following reports that a Malaysian state investment company is being investigated by U.S. authorities.

The Bank of Japan’s main inflation gauge dropped below zero, falling to minus 0.1 percent for August, as plunging oil prices and weak domestic demand were not offset by Governor Haruhiko Kuroda’s monetary stimulus.

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