Search engine giant Google will sell bonds for the first time, in order to increase its domestic cash reserves by $3bn, at a time when a drop in US Treasury yields have caused corporate borrowing costs to fall to record lows. Google will sell three, five, and ten year bonds. There are several reasons for [...]
U.S. Federal Trade Commission (FTC) is preparing a probe on the subject of monopoly of Google in the Internet search market. FTC has appealed for help from internet companies in order to ascertain the monopolistic position of Google in the search business, reports Financial Times. This step could be the first signal directed to conduct [...]
Ex-Google CEO Eric Schmidt gets a pay-hike and it needs to be believed that it is more than one million times. Now, his salary will be $ 1.25 million per year. This was revealed in Google’s annual filing with the SEC. Until April 4, Schmidt held the post of chairman as well as CEO. However, [...]
A year later, after Google announced a free open source video format WebM, its portal YouTube has started transcoding of new downloadable video clips to the new format YouTube says that most of the most popular video clips on its projects are already available in WebM. As per YouTube estimates, very soon about 30% of [...]
Internet giant Google has recently revealed through a blog post that it will be investing $100 million in the Shepherds Flat Wind Farm, bringing the total amount of investments made by the company to clean energy in excess of $350 million. Google, the internet phenomenon which started from a search engine made by co-founders Sergey [...]
NHN Corporation and Daum Communications, managing two largest search engines Naver and Daum in South Korea, have lodged a complaint against Google in the antitrust department of the country, reports Bloomberg. Companies have accused Google of unfair competition. According to them, Google uses its priority position in the market of mobile platforms, and doesn’t allow [...]
Google’s spending splurge on hiring and new projects has overshadowed an increase in its first quarter net revenue while the technology behemoth undergoes a transition in its leadership. According to reports, Google’s share price slid after it was revealed that the company’s spending has increased by 54 percent to $2.84 billion. The revelation that the [...]
In the continuing battle between tech behemoths Google and Microsoft for government cloud contracts, Google says that the guys at Redmond have resorted to false allegations to win. According to Google, it isn’t true that it has made false claims about features of its cloud-based suite of software to win government contracts. This comes after [...]
Microsoft’s Bing search has made some surprising progress in taking search share points away from Google, snagging 30.01 percent of the search market in the United States in March, up from 28.48 % in February according to Hitwise. During this period Google’s share fell from 66.69% to 64.42%. Bing’s search share in March includes Yahoo [...]
Google is nearing government approval of its bid to buy travel firm ITA Software after being fraught with antitrust investigations for months, a report coming from The Associated Press says. Citing “a person with knowledge of the situation”, the AP says that the $700 million deal could be approved as early as Friday. The deal [...]
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