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By Thomas Ferraro WASHINGTON (Reuters) - The Democratic-led U.S. Senate is expected to wrap up its work for the year on Friday by moving to clear President Barack Obama's nomination of Janet Yellen to head the Federal Reserve. But under a bipartisan agreement reached on Thursday, the Senate will not vote to confirm Yellen, now the Fed's vice chair, until January 6, the day it returns for the new year. She would replace Ben Bernanke, whose term ends in late January. The Senate is to vote at about mid-day on Friday on whether to bring debate on Yellen to a close.
Google's revised proposals to settle an antitrust case are not acceptable, European Union competition commissioner Joaquin Almunia said on Friday. "The latest offer as submitted by Google in October ... the latest proposals are not acceptable in the sense that they are not proposals that can eliminate our concerns regarding competition," Almunia said in a Spanish radio interview, according to a partial transcript provided by the European Commission. Google offered the concessions in a bid to end a three-year old investigation by the European Commission and avert a fine that could be as high as $5 billion for blocking competitors in search results.