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Jul 15, 2014

Yahoo amends deal with Alibaba, misses Wall St. revenue target

SAN FRANCISCO (Reuters) – Yahoo Inc will pay investors at least half the proceeds from its Alibaba share sale when the Chinese Internet retailer goes public, and retain a larger stake than expected, helping to offset the U.S. company’s disappointing results on Tuesday.

Shares of Yahoo were roughly flat at $35.57 in after-hours trading.

“What you see is the fundamentals at core Yahoo continue to deteriorate, but there’s at least some good news on the Alibaba front,” said Macquarie Research analyst Ben Schachter.

Jul 2, 2014

Facebook seeks India revenue boost with ‘missed call’ ads

SAN FRANCISCO, July 2 (Reuters) – Facebook Inc wants
its users in India to hang up on advertisers.

The Internet social networking company is testing a new type
of ad in the country that allows mobile phone users to click a
button that calls a brand advertiser, immediately hangs up and
then receives a return call.

Jul 1, 2014

Google buys music streaming service Songza

SAN FRANCISCO (Reuters) – Google Inc has acquired streaming music service Songza, the Internet search company’s latest move to play a bigger role in the fast-growing online music business.

Google said on Tuesday it would explore ways to incorporate aspects of Songza into its existing streaming music service over the coming months. For now the four-year-old Songza service, which creates “expert-curated” music playlists intended to match users’ activities and tastes, will remain unchanged for existing users.

Jun 30, 2014

Google to shut down social networking service Orkut in September

SAN FRANCISCO (Reuters) – Google Inc will shut down its early social-networking service, Orkut, which was launched ten years ago but has failed to put Google ahead in what has become one of the Web’s most popular businesses.

Google said it will shut down Orkut, which is widely used in Brazil and India but hasn’t caught on more broadly, on Sept. 30, to focus on its other social networking initiatives.

Jun 30, 2014

Insight – Google, Detroit diverge on road map for self-driving cars

SAN FRANCISCO/DETROIT (Reuters) – In 2012, a small team of Google Inc engineers and business staffers met with several of the world’s largest car makers, to discuss partnerships to build self-driving cars.

In one meeting, both sides were enthusiastic about the futuristic technology, yet it soon became clear that they would not be working together. The Internet search company and the automaker disagreed on almost every point, from car capabilities and time needed to get it to market to extent of collaboration.

Jun 30, 2014

Google, Detroit diverge on road map for self-driving cars

SAN FRANCISCO/DETROIT, June 30 (Reuters) – In 2012, a small
team of Google Inc engineers and business staffers met with
several of the world’s largest car makers, to discuss
partnerships to build self-driving cars.

In one meeting, both sides were enthusiastic about the
futuristic technology, yet it soon became clear that they would
not be working together. The Internet search company and the
automaker disagreed on almost every point, from car capabilities
and time needed to get it to market to extent of collaboration.

Jun 26, 2014

Google sets sights on TVs, cars and watches, beyond mere smartphones

SAN FRANCISCO (Reuters) – Google Inc’s Android software is coming to cars, televisions and watches this year, as the Internet search giant races against Apple Inc and other tech companies to extend its business into a rapidly broadening field of Internet-connected devices.

Google’s free Android software runs on more than three out of every four smartphones sold globally: a valuable entry point for consumers to access its money-making online services such as Web search and maps.

Jun 25, 2014

Google sets sights on TVs, cars and watches beyond smartphones

SAN FRANCISCO, June 25 (Reuters) – Google Inc’s
Android software is coming to cars, televisions and
watches this year, as the Internet search giant races against
Apple Inc and other tech companies to extend its
business into a rapidly broadening field of Internet-connected
devices.

At its annual developers’ conference on Wednesday, Google
said the first cars running Android Auto software for
navigation, music and messaging will hit showrooms later this
year. Samsung and LG smartwatches
running Android Wear, the version of Android tailored for
wearable devices, go on sale later Wednesday.

Jun 25, 2014

Google sets sights beyond smartphones at annual developer conference

SAN FRANCISCO (Reuters) – Google Inc, whose Android software reigns as the world’s dominant smartphone operating system, will step up efforts to make inroads into cars, televisions and other devices at its annual developer conference this week, sources familiar with the matter said.

The Internet company is racing against rivals such as Apple Inc, Samsung Electronics Co and other companies to extend its business into a broadening field of Internet-connected devices.

Jun 24, 2014

Google’s Nest opens doors to third-party apps

SAN FRANCISCO, June 23 (Reuters) – Nest, the Google
Inc-owned maker of smart thermostats and other home
automation products, will allow other companies to create apps
that communicate with its devices.

The program marks the first time Nest has allowed
third-party companies to access its gadgets, potentially opening
the door to the rich selection of apps and services that have
made smartphones popular.

    • 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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