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Business Latest News: FTC Conducting Preliminary Inquiry of Google's Waze Acquisition

Wochit 0:56 mins

Antitrust regulators are conducting a preliminary inquiry into Google's recent acquisition of online mapping service Waze.The inquiry by the U.S. Federal Trade Commission has not reached the level of an investigation and Google is complying voluntarily New York City Comptroller John Liu said he would audit the billing practices of consulting firm Navigant Consulting Inc, after a state commission found evidence of questionable billing practices and a "revolving door" relationship with state-owned utility Long Island Power Authority. European Union finance ministers are under pressure to agree who pays for failing banks after failing to reach a deal, with Germany and France at odds on how to distribute the costs.

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