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I'm sure most who follow business news have heard that the FCC is probing Apple's decision to reject Google's internet-calling software and remove certain Google applications from it's app store... 

The Federal Communications Commission has launched an inquiry into why Apple Inc. rejected Google Inc.'s Internet-telephony software for the popular iPhone, another sign of the Obama administration's stepped-up scrutiny of competitive practices in the technology industry.

In letters sent late Friday to the two companies and AT&T Inc., the FCC asked why Apple rejected the Google Voice application for the iPhone and removed related applications from its App Store.

This will be ridiculous if it moves forward. Apple just entered the phone space, it might be a little early to say that their iPhone has some sort of insurmountable competitive barrier. Furthermore, I like how the FCC is studying whether it was wrong for Apple to chose which products should be sold in it's own shop. I mean, it's pretty normal that if someone owned their own store, they wouldn't want to place threatening products from their competitors in it. I don't thinks Starbucks would want to have Dunkin Donuts coffee as an option in its own shops.

comScore just released their May search query market share data, which we note encompasses a period before Microsoft launched their new Bing "decision engine". Well if anything, the latest data will set up us nicely to see whether Bing makes a Bang. May search share was at a record high for Google (GOOG) and a record low for Microsoft (MSFT), so there is a lot of rook for improved YoY comparisons.

Some preliminary comScore data appears to indicate that Bing may have gained MSFT 200 bps in market share already, but let's see how the engine fares a few months out, once the novelty factor wears off. I personally went, checked it out, did a few searches, then found myself habitually back to using Google. I don't think I even type www.google.com anymore, I just type keywords into my Google Chrome browser, so unless Bing gives users some sort of advantage, I expect it to Bomb.

Citi sees Yahoo share stabilizing due to improvements

But we'll see. Another interesting part of the latest comScore data is in regards to Yahoo (YHOO). As Citi analyst Mark Mahaney explained in his latest June 17 flash, May comScore data shows that Yahoo query share appears to have stabilized, now in the 20-21% range for nine months straight. He attributed this to various enhancements Yahoo has been implementing. So maybe they have been able to steady the ship in terms of search.

Great article in Wired Magazine on Google's internal economics. Worth a read for those who wish to learn what Googlenomics is. But hidden in the end of the article, we found an interesting idea for solving current gluts in autos or housing. Keep in mind Google's core genius, after its search technology, is its auction technlogy for ads, which is extremely efficient at getting adspace sold at the best price.

Can the rest of the world be far behind? Although Eric Schmidt doesn't think it will happen as quickly as some believe, he does think that Google-style auctions are applicable to all sorts of transactions. The solution to the glut in auto inventory? Put the entire supply of unsold cars up for bid. That'll clear out the lot. Housing, too: "People use auctions now in cases of distress, like auctioning a house when there are no buyers," Schmidt says. "But you can imagine a situation in which it was a normal and routine way of doing things."

Problem is, homeowners and automakers are likely to balk at the prices they might receive if a sudden, giant auction were held. The truth can hurt. But clearing the glut of housing and arguably autos (there is also the problem of production capacity here), could set a nice floor for prices, even if it's a floor at a much sharper, lower pricing level than we can even imagine right now.