Google concludes buy of DoubleClick
BRUSSELS, Belgium - Google Inc. took control of online ad tracker DoubleClick Inc. Tuesday just hours after European regulators cleared Google's $3.1 billion bid for the company.
The European Union said the deal, announced 11 months ago, won't curb competition in the online advertising arena.
United States regulators cleared it in December. Approval from the EU was the last hurdle before the deal could conclude.
Regulators dismissed objections from rivals Microsoft Corp., Yahoo Inc. and advertisers that Google would gain too much control over online advertising prices if it owned DoubleClick.
Unable to topple Google on its own, Microsoft is trying to force slumping rival Yahoo Inc. into a shotgun marriage, with a $44.6 billion wager that the two companies together will have a better chance of tackling the Internet search leader.
Google Chief Executive Eric Schmidt said combining with DoubleClick would allow Google to more quickly bring to market advances in technology and infrastructure that would dramatically improve digital media and better target advertising to users.
Fed announces further steps to ease credit crunch
WASHINGTON - The Federal Reserve on Tuesday ramped up efforts to provide more relief to squeezed financial institutions, a coordinated action with other central banks aimed at easing a global credit crises that threatens to push the U.S. economy into its first recession since 2001.
The Fed said it will make up to $200 billion in Treasury securities available to big Wall Street investment houses and banks. The new action is designed to ensure that there is an ample supply of Treasury securities. With strains in financial markets, demand has grown for Treasury securities, considered the safest investment in the world because they are backed by the U.S. government.
UPS to add lesbian, gay-owned suppliers
ATLANTA - UPS Inc., the world's largest shipping carrier, is stepping up its supplier diversity efforts to include gay, lesbian, bisexual and transgender-owned businesses.
The Atlanta-based company said Tuesday it is partnering with the National Gay & Lesbian Chamber of Commerce.
NGLCC-certified businesses now can register to participate in UPS' supplier diversity process, the company said.
The process provides UPS business opportunities for small businesses and those owned by minorities, women, veterans and now lesbian, gay, bisexual and transgender individuals.