What do you do when your company suffers a $56 million second-quarter net loss? If you’re Motorola Mobility, you cash in by selling your soul to Google for a cool $12.5 billion, which is exactly what the search giant announced early Monday.
The Federal Trade Commission settled charges today against Intel. The charges stated that the processor manufacturer illegally tried to cut down competition in the computer chip market. According to the settlement, Intel's past business tactics led to a loss of competition in the market. The FTC hopes to restore the chip market to its previous form, thereby increasing competitive prices.