EU targets Google mobile services
Europe’s antitrust enforcer is demanding that Google makes sweeping changes to its mobile services as it paves the way to serve formal charges against the company for anti-competitive behaviour should talks over a settlement collapse. The regulator is worried about how Google favours its own products in search results; “copies” content from rivals without permission; shuts out competition with its advertising agreements with other websites, and restricts advertisers from moving online ad campaigns to rival search engines.
Regulator prepares wider Libor inquiry
The UK’s Financial Services Authority is gearing up to enlarge its investigation into the manipulation of benchmark interest rates, which has until now focused on seven financial institutions. The FSA has decided to include more companies as part of its inquiries and more individuals will also be studied as a result.
Anadarko shelves Brazilian sale
The US oil company Anadarko has shelved plans to sell its Brazilian assets highlighting how western majors are cooling towards a country once considered the most exciting frontier in global oil.
Lombard bars trader for ‘rate rigging’
Lombard Odier Investment Managers has barred one of its portfolio managers from trading while it investigates his possible links with the rate-rigging scandal. The firm said yesterday that Michael Zrihen was “no longer trading” while it actively investigated the situation.
Deal will bring valleys up to speed
Superfast broadband is set to light up the Welsh valleys after BT won one of the first government-subsidised contracts to lay fibre optic cables across the principality.
The Daily Telegraph
LSE in merger talks with Singapore
The London Stock Exchange Group is in talks with the owner of the Singapore exchange about a potential £7.2bn merger. The British bourse is understood to have held a series of informal conversations with Singapore Exchange, its Asian rival, about a formal tie-up.
Drought threatens food crisis
America's worst drought since 1956 is threatening the world with a fresh food crisis, pushing wheat prices to levels not seen since the last crisis in 2008.
THE WALL STREET JOURNAL
Samsung fail to lift Galaxy Tab ban
A US federal appeals court yesterday refused to lift an injunction banning sales of Samsung’s Galaxy Tab 10.1 touchscreen tablet at the request of Apple. Last month a judge ruled that Samsung violated Apple’s design patent by making a device that looks similar to the iPad.
Ex-CEO says Duke wanted to end deal
Bill Johnson, ousted as chief executive of Duke Energy hours after its $26bn merger with Progress Energy, told regulators that Duke had long been trying to scuttle the deal.