Google (GOOG) looks like it will avoid heavy penalties after it offered a package of proposals...

|By:, SA News Editor

Google (GOOG) looks like it will avoid heavy penalties after it offered a package of proposals to settle an EU antitrust investigation into the company's search business. Google's offer reportedly includes making "users clearly aware" when it promotes its own specialized sites in search results, and allowing Internet publishers to opt out of "vertical" sites such as Google News and Google+. The company's proposals will be legally binding for five years.