Connect to share and comment

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 profits grow, but short of expectations

Google said Wednesday its first quarter profit rose 32 percent from a year ago to $3.45 billion, in results below most Wall Street expectations. Chief executive Larry Page hailed "another great quarter" for the tech giant, with revenue of $15.4 billion, up 19 percent year on year. "We got lots of product improvements done, especially on mobile. I'm also excited with progress on our emerging businesses," Page said in a statement. But Google shares tumbled 5.7 percent in after-hours trade to $556.64, suggesting that the growth was below investor forecasts.

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.

Google's Page says US online spying threatens democracy

Google co-founder Larry Page on Wednesday condemned US government snooping on the Internet as a threat to democracy. His comments came during an on-stage chat at a prestigious TED gathering, where a day earlier fellow Google founder Sergey Brin had a virtual encounter with National Security Agency whistle blower Edward Snowden. A photo of Brin smiling with a robot remotely controlled by Snowden from a refuge in Russia, where the wanted man is in hiding, was tweeted by TED curator Chris Anderson and became an instant online hit.

Google mystery barge floats to new US berth

Google's mystery barge arrived at a new home at a port in the California city of Stockton on Thursday. Calm waters after a storm allowed the vessel to make the trip from a former Navy base in the San Francisco bay to Stockton in about 7.5 hours, port director Richard Aschieris told AFP. "It came up here very quickly," Aschieris said after returning from the dock serving as the barge's new home. "It is certainly a relationship with a terrific company, so we are extremely happy."

5 things to know about Google's mystery barge; some aren't a secret

SAN FRANCISCO - A Google barge built with recycled shipping containers proved its seaworthiness Thursday as it cruised from the San Francisco Bay to Stockton. But many other details about the odd-looking vessel remain a mystery. Here are five things that we do know so far: ___ GOOGLE IS AN UNCONVENTIONAL COMPANY THAT CAN AFFORD TO BE FANCIFUL

Google's Arora says mobile will create bigger advertising pie

By Alexei Oreskovic SAN FRANCISCO (Reuters) - Mobile devices such as smartphones and tablets will vastly expand the number of companies who advertise online and will allow Internet companies to reap more revenue than they have from customers on PCs, Google Inc Chief Business Officer Nikesh Arora said on Wednesday.

Google loses bid to keep anti-Islamic video online during appeal

SAN FRANCISCO (Reuters) - A U.S. appeals court on Friday rejected Google's request to put on hold an order requiring the company to remove an anti-Islamic video from YouTube while litigation around the issue continued. The order came from the 9th U.S. Circuit Court of Appeals in San Francisco. (Reporting by Dan Levine; Editing by Ken Wills)

Google loses bid to keep anti-Islamic video online during appeal

SAN FRANCISCO (Reuters) - A U.S. appeals court on Friday rejected Google's request to put on hold an order requiring the company to remove an anti-Islamic video from YouTube while litigation around the issue continued. The order came from the 9th U.S. Circuit Court of Appeals in San Francisco. (Reporting by Dan Levine; Editing by Ken Wills)

Google's new 3-D smartphone mimics human understanding of space

Washington, Feb 21 (EFE).- Google announced that it is working on a smartphone called "Tango," which is equipped with 3D sensors that allow it to instantly create a three-dimensional model of the space surrounding it. The tech giant said that it will announce the first prototypes of this device on March 14, and that it is looking for partners and creative minds to exploit the possibilities of this project, which is in its first days of transition from laboratories to users.
Syndicate content