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Google still a top pick for Wall Street, despite mobile ad challenges

By Saqib Iqbal Ahmed (Reuters) - Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with the shift to the fast-growing mobile advertising market. Google shares were down about 3 percent in early trading on Thursday, and at least 12 brokerages cut their target price on the stock. But most analysts kept a "buy" rating or equivalent on the company's shares.

Google still a top pick for Wall Street, despite mobile ad challenges

By Saqib Iqbal Ahmed (Reuters) - Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with the shift to the fast-growing mobile advertising market. Google shares were down about 3 percent in early trading on Thursday, and at least 12 brokerages cut their target price on the stock. But most analysts kept a "buy" rating or equivalent on the company's shares.

Google misses revenue target, ad prices slide

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc's first-quarter revenue fell short of Wall Street targets and margins narrowed as the price of its ads continued to decline, underscoring the challenges Internet companies face as the world shifts toward mobile devices. Shares of Google were down 3 percent to $539.80 in afterhours trading on Wednesday, after initially sliding roughly 6 percent on the news.

Google's first-quarter results miss analyst targets as company's mobile ad headaches persist

SAN FRANCISCO - Google's first-quarter earnings growth faltered as the Internet's most influential company grappled with a persistent downturn in advertising prices while spending more money to hire employees and invest in daring ideas. The results announced Wednesday fell below analyst projections. Google's Class A stock shed $17.10, or 3 per cent, to $546.80 in extended trading.

Google spells out email scanning practices in new terms of service

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Google Inc updated its terms of service on Monday, informing users that their incoming and outgoing emails are automatically analyzed by software to create targeted ads. The revisions more explicitly spell out the manner in which Google software scans users' emails, both when messages are stored on Google's servers and when they are in transit, a controversial practice that has been at the heart of litigation.

Google buys Titan Aerospace, maker of atmospheric satellites

NEW YORK, N.Y. - Google has bought Titan Aerospace, a maker of solar-powered drones, saying it could help bring Internet access to remote parts of the world as well as solve other problems. Financial terms were not disclosed. Google Inc. said Monday that atmospheric satellites could also be used in disaster relief and assessing environmental damage.

Google to give all US residents an opportunity to buy Glass, its Internet-connected eyewear

SAN FRANCISCO - A lot more people are about to get a chance to buy Google Glass, the Internet-connected eyewear that has become the hottest accessory in geek fashion. Google will sell the "Explorer" version of Glass to any U.S. resident who places an online order for the device beginning at 9 a.m. PDT April 15. The product will cost $1,500, the same price that Google Inc. has charged for Glass since sales of the device began last year, the company said Thursday.

Google to sell Glass to public next week

SAN FRANCISCO (Reuters) - Google Inc will take online orders for its Glass wearable gadget on April 15, in its biggest push to get the $1,500 wraparound Web-ready glasses out to the U.S. public. For a limited time starting Tuesday, Google will make the wearable device available to more than just the select group of users such as apps developers in its Glass Explorer program. In a blogpost, Google did not say how many pairs it would sell, just that the quantity would be limited.

European consumer group joins antitrust complaint against Google citing biased search results

BRUSSELS - Europe's leading consumer rights advocacy group has joined an antitrust complaint against Google because it considers the display of some search results biased. The BEUC will join an existing group of companies in trying to get Google to change the way it displays its search results. The EU Commission has been assessing the case for three years and declined to say whether the new complaint might delay a settlement. In February, it accepted Google Inc.'s concessions to settle allegations, suggesting the case might close within months.

Google pays co-founders Page, Brin customary $1 while compensation soars for Chairman Schmidt

SAN FRANCISCO - Google paid co-founders Larry Page and Sergey Brin their customary $1 salaries last year while Executive Chairman Eric Schmidt's compensation more than doubled to $19.3 million. Most of Schmidt's raise stemmed from stock grants valued at $11.4 million. Google issued them to make up for an administrative error in the handling of another large award given to Schmidt in February 2011, according to regulatory documents filed Friday. If not for the mix-up, Schmidt's pay package last year would have risen 4 per cent from the $7.6 million that he got in 2012.
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