Google Performs Search For New Ways Of Investing

Law360, New York (August 25, 2006, 12:00 AM EDT) -- Popular search engine Google Inc. has asked the Securities and Exchange Commission for an exemption that would allow it to diversify its investments without being regulated as a mutual fund.

An exemption to the Investment Company Act of 1940 would permit Google to move some of its money from low-yielding U.S. government bonds to investment-grade municipal and corporate debt. Just by raising its annual return from its current level of 4% before taxes to 5%, the company could make an extra $100 million a year....
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