Clock ticking for Google after EU rejects latest antitrust offer

TICK TOCK: Google has been told it is running out of time to improve its offer to settle a European Union investigation into anti-competitive behaviour or face formal charges that could lead to a hefty fine. — Reuters

BRUSSELS: Google has been told it is running out of time to improve its offer to settle a European Union investigation into anti-competitive behaviour or face formal charges that could lead to a hefty fine. 

EU antitrust chief Joaquin Almunia rejected the Internet search giant's latest concessions on Friday and warned that it has only a short time left to make a satisfactory offer.