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BUSINESS
May 22, 2012 | Michael Liedtke, AP Technology Writer
Google has completed its $12.5 billion purchase of device maker Motorola Mobility in a deal that poses new challenges for the Internet's most powerful company as it tries to shape the future of mobile computing. The deal closed Tuesday, nine months after Google Inc. made a surprise announcement that it wanted to expand into the hardware business with the most expensive and riskiest acquisition in its 14-year history. The purchase pushes Google deeper into the cellphone business, a market it entered four years ago with the debut of its Android software, now the chief challenger to Apple...
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A&E
May 24, 2012 | Cain Burdeau, Associated Press
The Times-Picayune, one of the nation's oldest newspapers, will no longer offer print editions seven days a week and instead plans to offer three printed issues a week starting in the fall. The change means New Orleans would become the largest metro area in the nation without a daily newspaper in the digital age. The changes announced Thursday were combined with similar moves at three major Alabama daily newspapers also owned by the Newhouse family group's Advance Publications.
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BUSINESS
May 15, 2012 | Peter Svensson, AP Technology Writer
Facebook's reach is wide but not deep. Few users surveyed in an Associated Press-CNBC poll say they click on the site's ads or buy the virtual goods that make money for it. More than 40 percent of American adults log in to the site — to share news, personal observations, photos and more — at least once a week. In all, some 900 million people around the world are users. But many of them don't have a very high opinion of Facebook or trust it to keep their information private.
BUSINESS
May 23, 2012
SAN FRANCISCO — Google has completed its $12.5 billion purchase of device maker Motorola Mobility in a deal that poses new challenges for the Internet's most powerful company as it tries to shape the future of mobile computing. The deal closed Tuesday, nine months after Google Inc. disclosed that it wanted to expand into the hardware business with the most expensive and riskiest acquisition in its 14-year history. The purchase pushes Google deeper into the cellphone business, a market it entered four years ago with the debut of its Android software, now the chief challenger to Apple Inc.'s...
BUSINESS
November 3, 2011
The Woodland Hills, Calif., company, which helps businesses buy online advertising, cut its full-year revenue forecast to no more than $376 million. That would be below the average analyst estimate of $385.9 million. The shares plunged 28 percent for the biggest retreat in the Russell 2000 index.
BUSINESS
April 13, 2009 | Associated Press
NEW YORK - Inspiration comes in many forms, and in the case of James Everingham, it appeared as a pair of knockoff Christian Dior shoes. His vision ultimately became Pixazza, an online advertising start-up that converts photos on websites into interactive advertisements. Mouse over an image, and tiny price tags appear; hover on top of one, and a balloon pops up with images and links to similar items you can buy online. Even Google Inc. is interested: The online advertising and search leader, through its new venture-capital fund, is among those that have invested a combined $5.8 million in...
BUSINESS
August 18, 2006 | Associated Press
NEW YORK -- Time Warner Inc. said yesterday it will restate financial results after an independent auditor found problems with the way it accounted for a number of transactions in 2000 and 2001, mainly involving online advertising. The restatement came as part of a settlement with the Securities and Exchange Commission which was disclosed in March 2005 and required the company to pay a $300 million penalty. Under the agreement, Time Warner also agreed to appoint an independent examiner to review the historical accounting for several transactions, including three...
BUSINESS
April 5, 2012 | By Brian Womack
April 4 (Bloomberg) -- Yahoo! Inc., the largest U.S. Web portal, is eliminating about 2,000 jobs, or 14 percent of its workforce, to help Chief Executive Officer Scott Thompson cut costs and refocus. The company will get savings of about $375 million annually from the cutbacks, Sunnyvale, California-based Yahoo said today in a statement. Yahoo, which had 14,100 full-time employees at the end of last year, expects to record a pretax expense of $125 million to $145 million -- with the majority coming in the second quarter.
A&E
May 24, 2012 | Cain Burdeau, Associated Press
The Times-Picayune, one of the nation's oldest newspapers, will no longer offer print editions seven days a week and instead plans to offer three printed issues a week starting in the fall. The change means New Orleans would become the largest metro area in the nation without a daily newspaper in the digital age. The changes announced Thursday were combined with similar moves at three major Alabama daily newspapers also owned by the Newhouse family group's Advance Publications.
BUSINESS
July 10, 2008 | Associated Press
WASHINGTON - Microsoft Corp. and Google Inc. told lawmakers yesterday that Congress should pass basic privacy legislation to protect information about consumers, such as the data being gathered on Web surfing habits in order to pinpoint Internet ads. At a Senate Commerce Committee hearing on online advertising, representatives of the two technology rivals said meaningful privacy rules should be based on three core principles: Consumers should...
BUSINESS
May 22, 2012 | The Associated Press
On Tuesday, Google Inc. completed its $12.5 billion deal to take over Motorola Mobility Holdings Inc. The deal is Google's largest ever — nearly four times larger than the previous high, the 2008 purchase of online advertising company DoubleClick for $3.2 billion. It's also more than the $10.2 billion that Google has spent combined to buy nearly 200 companies since Google went public in 2004. Those companies expanded or complemented the breadth of services that the search leader offers.
BUSINESS
May 21, 2012 | Michael Liedtke, AP Technology Writer
After years of mortifying missteps, Yahoo Inc. finally has something to boast about: a multibillion-dollar windfall from a savvy investment in China. Yahoo is selling half of its roughly 40 percent stake in Alibaba Group Holding Ltd., one of the most successful companies in China's rapidly growing Internet market. The $7.1 billion price ensures that Yahoo will get a hefty return from its $1 billion investment in Alibaba in 2005. The deal, coming a week after Yahoo's CEO abruptly resigned over misstatements in his official biography, will provide more...
BUSINESS
May 16, 2012
NEW YORK - Facebook's reach is wide but not deep. Few users surveyed in an Associated Press-CNBC poll say they click on the site's ads or buy the virtual goods that make money for it. More than 40 percent of American adults log in to the site - to share news, personal observations, photos, and more - at least once a week. In all, some 900 million people around the world are users. But many of them don't have a very high opinion of Facebook or trust it to keep their information private.
BUSINESS
April 26, 2012 | Michael Liedtke, AP Technology Writer
After being spanked by the Federal Communications Commission, Google is scolding the agency for its handling of a recently concluded investigation into the company's collection of emails, passwords and other personal information transmitted over wireless networks. The rebuke came in a Thursday letter that disputed the FCC's reasons for fining Google Inc. $25,000 earlier this month. Despite its misgivings, the company isn't trying to overturn the fine. The 14-page letter instead tried to debunk the idea that Google did anything wrong — a high priority for a company whose motto...
NEWS
April 24, 2012 | By Nick Wingfield
SEATTLE - A plan by Facebook to acquire a broad range of patents through a deal with Microsoft is on its surface yet another twist in the battles over intellectual property engulfing the tech business. But the subtext of the deal is a different story, showing how two of technology's most powerful players are teaming to create a greater balance of power on the Internet - a market that has been tilted decisively in favor of one company, Google, for years. "This is almost certainly a move against Google," said Rebecca Lieb, an analyst at...
BUSINESS
April 18, 2012
SAN FRANCISCO - Yahoo's first-quarter results showed signs of modest progress under its new chief executive, Scott Thompson. The long-struggling Internet company said Tuesday that it earned $286 million, or 23 cents per share, in the period, a 28 percent increase from a year ago. The earnings for this year's quarter exceeded an analysts' estimate of 17 cents per share. Revenue was $1.22 billion, an increase of less than 1 percent from the same time last year. Still, that slight uptick was a breakthrough: Yahoo's revenue has been falling steadily for years.
BUSINESS
March 27, 2012 | By Edward Wyatt and Tanzina Vega
The government's chief consumer protection agency said Monday that it intended to take direct aim at the vast industry that has grown up around the buying and selling of information about US consumers. The Federal Trade Commission called on Congress to enact legislation regulating data brokers, which compile and trade a wide range of personal and financial data about millions of consumers. The legislation would give consumers access to information collected about them and allow them to correct and update such data.
BUSINESS
May 22, 2012 | The Associated Press
On Tuesday, Google Inc. completed its $12.5 billion deal to take over Motorola Mobility Holdings Inc. The deal is Google's largest ever — nearly four times larger than the previous high, the 2008 purchase of online advertising company DoubleClick for $3.2 billion. It's also more than the $10.2 billion that Google has spent combined to buy nearly 200 companies since Google went public in 2004. Those companies expanded or complemented the breadth of services that the search leader offers.
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