peHUB Second Opinion 7.1

Google's getting into the travel search game by snapping up Boston-based ITA, a software company specializing in organizing airline data. Price tag? $700 million, cash. ITA had raised $100 million in Series A funding four years ago, including from Battery Ventures, General Catalyst Partners, and Sequoia Capital. A lawsuit on behalf of the "hundreds of thousands" of iPhone 4 users gets filed in a Northern California court. Cha-ching! The U.S. Treasury collects north of $10 billion in cash, dividends, and securities from its bailouts of Citigroup, for a profit of $700 million. WiFi at Starbucks is free, beginning today. If you thought it was hard to nab a table before... Is the $20 billion fund actually a victory for BP?