Google Inc. charged that Microsoft Corp.'s Bing search engine is copying its results. The Web-search giant said an elaborate "sting" operation discovered that Bing was echoing digital bait that Google had secretly planted in its search algorithm. Microsoft denied that it was copying Google's results, firing back in a blog post that accused Google of a "spy-novelesque stunt" in planting obscure results on its search algorithm to try to prove that Bing was echoing its results.Murdoch to launch iPad-only newspaper today
The first news "publication" created expressly for Apple Inc.'s hot-selling iPad tablets is due to be unveiled Wednesday -- and with it a bold bet that consumers are willing to pay for news and information via the Internet that they have long expected to get for free. With its splashy visual presentation and snappy writing, the Daily is the latest venture from Rupert Murdoch, the chief executive of News Corp., which owns the Wall Street Journal and the New York Post and has prided itself on a successful history of bucking trends.Gap says its North American chief will exit
Gap Inc., the clothing retailer, announced that the president of Gap North America was leaving the company after years of declining sales and lackluster clothes at the division. The last day for the executive, Marka Hansen, will be Friday, Gap said. While analysts applauded the change, some questioned the decision to name an internal successor, which Gap said it would do Wednesday, asking whether such a move would lead to more of the same rather than an extensive makeover. The problem, analysts said, was that people simply did not want the clothing that Gap was selling.Citigroup takes over recording label EMI
EMI Group Ltd., owner of the Beatles record label, has been seized by Citigroup Inc., ending owner Guy Hands' control of the more than 110-year-old record company, the companies said. The U.S. bank will take 100 percent of EMI in a debt-for-equity swap, the companies said. The agreement will cut London-based EMI's debt by 65 percent to $1.94 billion. The injection of capital "has given us one of the most robust balance sheets in the industry with a modest level of debt and substantial liquidity," said Roger Faxon, EMI's chief executive.
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