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May 1, 2013

Yahoo scraps Dailymotion bid after French govt concerns -reports

SAN FRANCISCO, April 30 (Reuters) – Yahoo Inc has
abandoned an effort to acquire a majority stake in online video
website Dailymotion due to objections by the French government,
according to media reports, scrapping what would have been the
biggest deal in the 10-month tenure of Yahoo CEO Marissa Mayer.

Yahoo had been in talks to buy a 75 percent stake in
Dailymotion, owned by telecommunications company France-Telecom
Orange, in a deal that would have valued the video website at
$300 million.

Apr 30, 2013

Yahoo expands paid maternity, paternity benefits

SAN FRANCISCO, April 30 (Reuters) – Yahoo Inc has
increased the amount of paid leave new parents can take,
bringing the Internet company closer to the policies of some of
its Silicon Valley peers from which it hopes to lure engineers.

The new policy marks the latest move by Chief Executive
Marissa Mayer, who had her first child two months after taking
over in July, to revamp the struggling Internet company. The
37-year old executive has been under a public spotlight that has
placed her at the center of a growing debate about gender
equality in the workplace.

Apr 30, 2013

Jawbone acquires BodyMedia for more than $100 million: source

SAN FRANCISCO (Reuters) – Jawbone acquired BodyMedia Inc, the maker of weight-monitoring arm bands, for more than $100 million, according to a person familiar with the matter.

The deal will help Jawbone’s efforts to bolster its position in the wearable technology market, with nearly 300 pending and issued patents, the company said on Tuesday. Pittsburgh-based BodyMedia’s 60 employees will join Jawbone as part of the deal.

Apr 29, 2013

Google Now comes to iPhone, challenging Siri

SAN FRANCISCO (Reuters) – Google Inc (GOOG.O: Quote, Profile, Research) is bringing its Google Now technology to the iPhone, where it will compete head-on with Apple Inc’s (AAPL.O: Quote, Profile, Research) Siri to serve as the primary service that smartphone users rely on to get everything from weather updates to traffic forecasts.

Google Now, which made its debut last year on mobile devices powered by Google’s Android operating system, will be available as a feature in the new version of the Google Search app for iPhones and iPads starting on Monday.

Apr 29, 2013

Google Now comes to iPhone, challenging Apple’s Siri

SAN FRANCISCO, April 29 (Reuters) – Google Inc is
bringing its Google Now technology to the iPhone, where it will
compete head-on with Apple Inc’s Siri to serve as the
primary service that smartphone users rely on to get everything
from weather updates to traffic forecasts.

Google Now, which made its debut last year on mobile devices
powered by Google’s Android operating system, will be available
as a feature in the new version of the Google Search app for
iPhones and iPads starting on Monday.

Apr 25, 2013

Baidu first-quarter profit misses Wall Street targets

SAN FRANCISCO (Reuters) – Baidu Inc, China’s largest search engine, posted its slowest profit growth in more than four years, missing Wall Street targets as higher traffic acquisition costs ate into profit margins and the company consolidated results from its money-losing online video unit.

Shares of Baidu, which have fallen about 12 percent since the start of the year, were down more than 6 percent at $85.80 in after hours trading on Thursday.

Apr 25, 2013

Baidu Q1 profit misses Wall Street targets

SAN FRANCISCO, April 25 (Reuters) – Baidu Inc,
China’s largest search engine, posted its slowest profit growth
in more than four years, missing Wall Street targets as higher
traffic acquisition costs ate into profit margins and the
company consolidated results from its money-losing online video
unit.

Shares of Baidu, which have fallen about 12 percent since
the start of the year, were down more than 6 percent at $85.80
in after hours trading on Thursday.

Apr 23, 2013

Facebook to build data center near Des Moines, Iowa

SAN FRANCISCO (Reuters) – Facebook Inc is building a data center near Des Moines, Iowa, to bolster its computing power as it rolls out new services and as the growing use of smartphones increase the pressure on its infrastructure.

This facility in Altoona, Iowa, will be the social networking company’s fourth since 2010, when Facebook began construction on its first data center in Prineville, Oregon.

Apr 19, 2013

Google Internet business solid despite Motorola losses

April 18 (Reuters) – Google Inc’s core Internet
business grew net revenue 23 percent in the first quarter,
softening the effect of a sharp decline in its Motorola mobile
phone division.

Shares of Google, which reached an all-time high of $844 in
March, were up 1.5 percent to $777.75 in after hours trading on
Thursday.

Apr 18, 2013

Google’s Internet revenue grew 23 percent in first-quarter

By Alexei Oreskovic

(Reuters) – Google Inc’s core Internet business grew net revenue 23 percent in the first quarter to a better-than-expected $9.99 billion as the company’s search advertising business continued to show strength.

Shares of Google, which reached an all-time high of $844 in March, were up 2 percent to $783.08 in afterhours trading on Thursday.

    • 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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