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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

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Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster

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MacKenzie Scott alone accounted for one-third of America's $19.2 billion in megagifts last year

2

Elon Musk on MacKenzie Scott giving away $26 billion of her fortune: 'Sadly,' it makes the world a worse place

3

Philanthropy leader at Warren Buffett and Bill Gates’ Giving Pledge says children of billionaires are pushing them to give their wealth away faster
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FTC report found Google anti-competitive tactics

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March 19, 2015, 5:36 PM ET
Google Reports Quarterly Earnings
MOUNTAIN VIEW, CA - JANUARY 30: A sign is posted on the exterior of Google headquarters on January 30, 2014 in Mountain View, California. Google reported a 17 percent rise in fourth quarter earnings with profits of $3.38 billion, or $9.90 a share compared to $2.9 billion, or $8.62 per share one year ago. (Photo by Justin Sullivan/Getty Images)Photograph by Justin Sullivan — Getty Images
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(Reuters) – Key staff members at the U.S. Federal Trade Commission were in favor of suing Google Inc for violating antitrust rules before the agency settled its investigation in 2013, according confidential report cited by the Wall Street Journal on Thursday.

The report by the staff of the FTC’s competition bureau argued that the owner of the world’s No. 1 Internet search engine illegally took information from rival websites to improve its own search results and placed restrictions on websites and advertisers. The report recommended suing Google for several of its business practices.

The FTC settled its multiyear investigation of Google in 2013, concluding that the company had not manipulated its search results to hurt rivals.

Details of the report, which the Journal said were inadvertently disclosed in an open-records request, come as European antitrust regulators decide their next steps in a four-year investigation of Google (GOOG).

Google said in a statement that “after an exhaustive 19-month review, covering 9 million pages of documents and many hours of testimony, the FTC staff and all five commissioner agreed that there was no need to take action on how we rank and display search results.”

“Speculation about potential consumer and competitor harm turned out to be entirely wrong,” Google said.

A representative of the FTC said the agency had no comment on the report.

(This story was updated with additional information)

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