Biz.PeanutButterNews.com

Full Story at money.cnn.com

NEW YORK (CNNMoney.com) — Google founders Larry Page and Sergey Brin plan to sell off 5 million Google shares each over the next five years, a move that could see them surrender majority voting control over the company they created.

Google (GOOG, Fortune 500) has an unusual dual-stock structure. “Class A” shares are publicly traded on the Nasdaq exchange, while “Class B” shares are reserved for insiders and carry 10 times the voting power of other shares.

Full Story at  CBS News.com

(AP) Internet search leader Google will ease its control over millions of copyright-protected books earmarked for its digital library if a court approves a revised lawsuit settlement that addresses objections of antitrust regulators.

The offer comes two months after the U.S. Justice Department balked at Google’s original agreement with authors and publishers, warning the arrangement could do more harm than good in the emerging market for electronic books.

Google Inc. is hoping to keep the deal alive with a series of new provisions. Among other things, the modified agreement provides more flexibility to offer discounts on electronic books and promises to make it easier for others to resell access to a digital index of books covered in the settlement.