Summary Box: Google settles ad probe for $500M

The Associated Press
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Peter Neronha, U.S. attorney for the district of Rhode Island, announces a $500 million settlement with Internet giant Google over Canadian drug advertisements Wednesday, Aug. 24, 2011, in Providence, R.I. The agreement settles a federal investigation into Google's distribution of online ads from Canadian pharmacies that were illegally selling prescription and non-prescription drugs to American consumers. (AP Photo/Joe Giblin)

THE SETTLEMENT: Google will pay $500 million to settle a U.S. government investigation into the company's distribution of online ads from Canadian pharmacies illegally selling prescription drugs to Americans.

DON'T BE EVIL?: Authorities left little doubt that Google had misbehaved. From their vantage point, Google crossed into a shady area in pursuit of higher profits.

DEEP POCKETS: Google, which had $39 billion in cash at the end of June, can easily afford the $500 million settlement.

GOOGLE'S ADMISSION: The company says it banned such ads a few years ago, but admits it shouldn't have allowed them in the first place.