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Real-time News
On September 3, a federal judge rejected the U.S. Department of Justices request to break up Googles (GOOG.O) online advertising business. This historic ruling effectively puts an end to nearly 20 years of antitrust risks for Alphabets Google. As early as the Obama administration, U.S. law enforcement agencies considered filing antitrust lawsuits against Google. However, judges have consistently been strongly opposed to breaking up companies, considering such remedies too aggressive. Wednesdays ruling is the latest example. Judge Leonie Brinkma took a more restrained approach in deciding how to punish Google. Last year, she ruled that Google illegally monopolized the complex online advertising market that delivers ads to websites. The Department of Justice argued that forcing Google to sell its ad exchange platform was the only way to curb its market dominance and open the market to new competitors. Brinkma disagreed. In a two-page ruling, she adopted alternative measures to limit Googles ability to control publishers use of its advertising technology.Trump stated he is prepared to strike Iran again, and that we have complete control of the Straits; international oil prices rebounded slightly, and a chart provides a quick overview of the pre-market conversion prices of crude oil between domestic and international markets.Japans final services PMI for August was 52.5, compared to 52.3 in the previous month.Japans final composite PMI for August was 53.5, compared to 53.4 in the previous month.The yield on Japans 20-year government bonds fell 7.0 basis points to 3.815%.
