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Steve Jobs Resigns, Google Settles Lawsuit

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Steve Jobs Resigns, Google Settles Lawsuit

Business

Steve Jobs Resigns, Google Settles Lawsuit

Steve Jobs Resigns, Google Settles Lawsuit

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  • <iframe src="https://www.npr.org/player/embed/139934180/139934163" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
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Apple's founder CEO Steve Jobs announced he's stepping down from his post. Chief Operating Officer Tim Cook will replace him. In other technology news, Google has agreed to pay $500 million to settle government charges that it knowingly posted ads from illegal online pharmacies.

DAVID GREENE, host:

NPR's business news starts with a new CEO for Apple.

(Soundbite of music)

GREENE: Apple's founder and visionary CEO, Steve Jobs, announced he's stepping down from his post. Chief operating officer Tim Cook will replace him. Still, analysts and investors are scrambling to figure out what Jobs' departure means for the influential company.

RENEE MONTAGNE, host:

In other technology news, Google has agreed to pay a whopping half a billion dollars to settle government charges that it knowingly posted ads from illegal online pharmacies. The Justice Department accused Google of accepting ads from Canadian pharmacies selling drugs like the painkiller Oxycontin without requiring a prescription.

The settlement clears away one legal hassle for Google, which still faces a broader antitrust investigation.

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