Google (NASDAQ:GOOG) is cleared of anti-trust charges in a suit filed by Brazilian site Buscapé claiming that Google search results were biased in favor of its own shopping site. This could have a bearing on similar issues being examined by the FTC and the EU, and could come in handy for Google as it proposes to charge sites for a berth on Google Shopping.
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WSB Holdings (NASDAQ:WSB), owner of Washington Savings Bank, is up a huge 88 percent as it is to be acquired by Old Line Bancshares (NASDAQ:OLBK) in a cash and stock deal worth almost $49 million that values each WSB share at $6.12, while the stock closed yesterday at $2.92. The deal is a further sign of increasing regional consolidation in banking.
In its legal battle with the government of India over patent rights to Glivec, its cancer drug, Novartis (NYSE:NVS) informs India’s top court that it has duly demonstrated the drug’s improved efficacy in treatment. The decision of the court would have a far-reaching effect on international opinion on the country’s patent protection policies.
Shares of leading filtration products maker Polypore (NYSE:PPO) are down after the company downgrades its guidance for Q3 (EPS to be in the low – mid $0.30 range against $0.49 consensus) and for Q4 (EPS to be in the low $0.50 to low $0.60 range against $0.61 consensus).