Navigate this market better. Subscribe for FREE stock alerts and information.

Friday, November 21, 2014

European Parliament proposing Internet search-service unbundling -draft motion, (NASDAQ: GOOG)

The European Parliament is preparing to call for the separation of search engines from other commercial services to ensure a level playing field for the Internet industry, according to a draft motion seen by Reuters on Friday, presenting a threat to leading search engine Google Inc. The draft motion does not mention any specific search engines, though Google is by far the dominant search provider in Europe. Earlier on Friday, the Financial Times cited a draft motion as calling for a break-up of Google.

Google Inc. (Google) is a global technology company. Shares of GOOG traded higher by 0.62% or $3.3/share to $538.13. In the past year, the shares have traded as low as $502.80 and as high as $604.83. On average, 1750060 shares of GOOG exchange hands on a given day and today's volume is recorded at 1685612.