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Oct 24, 2014

Google’s Pichai to oversee major products and services

SAN FRANCISCO (Reuters) – Google Inc Chief Executive Officer Larry Page has put Sundar Pichai, one of his key lieutenants, in charge of the Internet company’s products.

The India-born executive will have oversight over products such as search, maps, Google+, commerce, advertising and infrastructure, according to a Google spokesman. Six executives who previously reported to Page, including the heads of research, social media and search, will now report to Pichai, according to Re/code, which first reported the change on Friday, citing an internal memo.

Oct 23, 2014

Google commits to $1 billion in long-term office leases

SAN FRANCISCO (Reuters) – Google Inc said it is committed to spending $1 billion to lease office buildings over the next 13 to 14 years.

Google did not say where the office buildings were located in its disclosure as part of its quarterly regulatory filing with the U.S. Securities and Exchange Commission on Thursday.

Oct 23, 2014

Google bolsters artificial intelligence efforts, partners with Oxford

SAN FRANCISCO (Reuters) – Google Inc is expanding its artificial intelligence initiative, hiring more than half a dozen leading academics and experts in the field and announcing a partnership with Oxford University to “accelerate” its efforts.

Google will make a “substantial contribution” to establish a research partnership with Oxford’s computer science and engineering departments, the company said on Thursday regarding its work to develop the intelligence of machines and software, often to emulate human-like intelligence.

Oct 22, 2014

Yahoo CEO Marissa Mayer parries activist investor attacks

SAN FRANCISCO (Reuters) – Yahoo Inc’s CEO is trying to steer investor focus away from the tech company’s stagnant revenue and toward achievements and growth prospects that have been flying below the radar.

Chief Executive Marissa Mayer spent much of Tuesday’s earnings call highlighting improvements in Yahoo’s mobile business, the benefits from acquisitions and billions of dollars in buybacks.

Oct 21, 2014

Yahoo ekes out Q3 revenue gain despite display ad weakness

SAN FRANCISCO (Reuters) – Yahoo Inc reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company’s online display advertising business continued to struggle.

Shares of Yahoo rose 1.1 percent to $40.61 in extended trading on Tuesday.

“This is a continuation of what we’ve seen for most of the last two years,” said Pivotal Research Group analyst Brian Wieser, citing the ongoing weakness in the display advertising business.

Oct 21, 2014

Yahoo ekes out third quarter revenue gain despite display ad weakness

SAN FRANCISCO (Reuters) – Yahoo Inc reported a modest increase in revenue during the third quarter, exceeding lackluster Wall Street targets, as the Internet company’s online display advertising business continued to struggle.

Shares of Yahoo rose 1.1 percent to $40.61 in extended trading on Tuesday.

“This is a continuation of what we’ve seen for most of the last two years,” said Pivotal Research Group analyst Brian Wieser, citing the ongoing weakness in the display advertising business.

Oct 21, 2014

Yahoo’s revenue rises 1 pct

SAN FRANCISCO, Oct 21 (Reuters) – Yahoo Inc
reported a modest increase in revenue during the third quarter,
exceeding lackluster Wall Street targets, as the Internet
company’s online display advertising business continued to
struggle.

Shares of Yahoo rose 3 percent to $41.40 in extended trading
on Tuesday.

For the first time Yahoo disclosed its mobile revenue, which
it said was more than $200 million in the third quarter. Yahoo
said it expects that gross mobile revenues for the full year
will exceed $1.2 billion.

Oct 17, 2014

Google’s weakening ad revenue growth hides rising stars

SAN FRANCISCO (Reuters) – Google Inc’s decelerating advertising business is masking the stellar growth of significant but little-noticed business components such as sales of digital music, software and mobile devices.

On Thursday, Google reported weakening growth in ad volumes in the third quarter, fanning worries on Wall Street about the Internet company’s efforts to adapt its business to a mobile landscape.

Oct 16, 2014

Google’s revenue falls short despite curbing price declines

SAN FRANCISCO, Oct 16 (Reuters) – Google Inc’s
revenue fell short of Wall Street’s expectations as growth in
Internet advertising slowed in the most-recent quarter,
offsetting a modest improvement in ad pricing, sending its
shares down about 3 percent.

The total number of ads, or paid clicks, expanded by 17
percent in the third quarter. That was down from the 25 percent
growth rate that Google delivered in the second quarter.

Oct 15, 2014

Google tests waters for potential ultra-fast wireless service

SAN FRANCISCO, Oct 15 (Reuters) – Google Inc
is preparing to test new technology that may provide
the foundation for a wireless version of its high-speed “Fiber”
Internet service, according to telecommunication experts who
scrutinized the company’s regulatory filings.

In a public but little-noticed application with the U.S.
Federal Communications Commission on Monday, Google asked the
agency for permission to conduct tests in California across
different wireless spectrums, including a rarely-used
millimeter-wave frequency capable of transmitting large amounts
of data.

    • About Alexei

      "I write about Internet companies including Google, Yahoo and Facebook. I’ve covered technology and business for more than ten years at publications including TheStreet.com, CNET and The Industry Standard magazine."
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