BUSINESS
April 20, 2012 | Michael Liedtke, AP Technology Writer
Shifting from Google's CEO to executive chairman proved to be lucrative career move for Eric Schmidt. Google Inc. awarded Schmidt a compensation package valued at $101 million last year, according to a Friday regulatory filing. The amount is 322 times higher than the $313,219 package that Schmidt received in 2010 during his final full year as the Internet search leader's CEO. Schmidt, 56, ended a decade-long stint as Google's CEO last April and turned over the job to Google co-founder Larry Page.
BUSINESS
April 19, 2012
SAN FRANCISCO - Google Inc.'s chief executive, Larry Page, spent nearly an hour in a federal courtroom Wednesday deflecting questions about his role in a copyright dispute over some of the technology in his company's Android software for smartphones. Page often looked uncomfortable as he sparred with David Boies, a tenacious lawyer who grilled former Microsoft CEO Bill Gates in an antitrust lawsuit filed by the government in the 1990s. In this trial, Boies is working for Oracle Corp., which accused Google of building its Android software by stealing...
BUSINESS
April 13, 2012 | By Brian Womack
SAN FRANCISCO - Google Inc., the world's largest Internet-search company, reported first-quarter profit that topped analysts' estimates after demand for its newer services fueled growth. It also introduced a new stock structure. Profit before certain costs was $10.08 a share, the Mountain View, California-based company said on its website. Analysts had projected $9.64 on average, according to data compiled by Bloomberg. Excluding revenue passed to partner sites, sales rose to $8.14 billion, matching estimates.
BUSINESS
April 12, 2012
NEW YORK - Google is tweaking its social network, Google Plus, to make it easier to use and to distinguish it from rival Facebook. The most visible change is a new navigation ribbon on the left side of the Google Plus page with icons for the most used features, such as games, photos, and your personal profile. Hover over an icon to do specific tasks, such as add photos from your phone or an online album. You can reorder the features in the ribbon and hide the ones you do not use often.
BUSINESS
April 12, 2012
Google will report its results for the latest quarter after the market closes Thursday. Investors will be looking for clues on whether an unexpected drop in its advertising prices late last year was just an aberration or the start of a trend that could slow the company's growth. In the final three months of last year, Google Inc.'s net revenue fell nearly $300 million, or 3 percent, missing analyst estimates. Adjusted earnings per share missed Wall Street's target by 10 percent.
BUSINESS
April 5, 2012 | Michael Liedtke, AP Technology Writer
Now that he has been Google's CEO for a year, Larry Page may be ready to tackle some of the public-relations duties that typically accompany the job. Page opened up in a way that he hasn't previously with a Thursday dispatch that shared some of his thoughts about Google's past accomplishments and future possibilities. The post appeared on the company's website for investors and Page's personal profile on Google Plus, a social networking service that has become Page's pet project as he scrambles to counter the threat posed by Facebook's growing popularity.