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Regulators clear Google in antitrust probe, Tory Burch becomes a billionaire, and more in our roundup of the business stories that are making news and driving opinion

Princess of Preppy Tory Burch is now worth $1 billion, at least on paper.
(Image credit: WWD/Condé Nast/Corbis)

1. REGULATORS CLEAR GOOGLE IN ANTITRUST CASE

The Federal Trade Commission, after a two-year investigation, has determined that Google didn't violate antitrust laws by delivering search results that highlight its own services. The decision, released Thursday, constitutes a major victory for Google and allows it to avoid a costly and lengthy battle similar to the one Microsoft fought in the 1990s. That antitrust battle helped competitors challenge Microsoft's tech dominance, and now the weakened software giant is among the loudest voices complaining that Google is using its ubiquitous search engine to unfairly squelch competition. [New York Times]

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Harold Maass, The Week US

Harold Maass is a contributing editor at The Week. He has been writing for The Week since the 2001 debut of the U.S. print edition and served as editor of TheWeek.com when it launched in 2008. Harold started his career as a newspaper reporter in South Florida and Haiti. He has previously worked for a variety of news outlets, including The Miami Herald, ABC News and Fox News, and for several years wrote a daily roundup of financial news for The Week and Yahoo Finance.