The Nasdaq Composite broke past the 5,000 mark for the first time since 2000 as investors bid shares of Apple, Google and Facebook higher.
The tech-heavy index rose by as much as 0.7 per cent to 5,000.33 in morning trading in New York on Monday before pulling back to trade 0.66 per cent higher at 4.996.32.
The S&P 500 rose 0.4 per cent to 2,112.21 while the Dow Jones Industrial Average gained 0.6 per cent to 18,242.51.
24 January 2015 - 12:19 pm
Speaking at the World Economic Forum in Davos, Switzerland on Thursday, Google Executive Chairman Eric Schmidt said that the internet will become so ubiquitous that it will “disappear,” CNET reports.
When asked about his views on the future evolution of the web, the Google Chairman stated that he would “answer very simply that the internet will disappear.” Schmidt explained “there will be so many IP addresses…so many devices, sensors, things you are wearing, things that you are interacting with that you won’t even sense it; it will be part of your presence all the time.”
“Imagine you walk into a room, and the room is dynamic. And with your permission and all of that, you are interacting with the things going on in the room. A highly personalized, highly interactive and very, very interesting world emerges,” he noted.
Schmidt was speaking at a panel dubbed “The Future of the Digital Economy,” along with top executives from Vodafone, Facebook, and Microsoft.
Privacy Concerns >> Read More
27 November 2014 - 18:43 pm
This won’t upset any Thanksgiving dinner plans, but Google should still take note.
The US-based web company has earned the ire of European parliamentarians, who have just voted 458 to 173 in Strasbourg in favour of a resolution that suggests its search engine could be separated from the rest of its services in order to remove a perceived bias in its results.
The vote lacks any of the heft of an antitrust investigation, but has ticked off US legislators, who say the move unnecessarily politicises the European Commission’s continuing inquiry into Google’s affairs.
The motion calling for the commission to consider unbundling Google’s services had been widely expected to pass on Thursday since it had the backing of the parliament’s two main political groups – the centre-right EPP and the centre-left Socialists.
It echoed ideas raised earlier this year by Sigmar Gabriel, the centre-left German vice-chancellor.
The commission’s five-year antitrust probe into Google’s search practices is currently under review after three aborted attempts to settle the case.
Although it is facing increasingly vocal demands from MEPs to take a tougher and more radical approach, competition officials have so far shown little enthusiasm to restructure Google.
19 August 2014 - 17:15 pm
It’s 10 years to the day since Google’s initial public offering and its shares are now nearly a 1000 per cent higher.
That’s according to Google Finance (see chart) before the market open in New York today.
There are lots more stats around to mark the August 19 anniversary.
The Wall Street Journal notes how employees have grown from 2,000 to 52,000, cash in hand is up from a quarter of a billion dollars to $61bn, while Google has only had limited success in reducing its dependence on advertising – from around 99 per cent of revenues to 90 per cent.
From Google itself, there’s no Google Doodle on its home page to mark the occasion and no statement or list of achievements for the past ten years as a public company.
But you can still read what they set out to do in Larry and Sergey’s founders’ letterfor the IPO in 2004.
We’d most like to know how many searches people have carried out in the past 10 years – is it anywhere near a googol (the digit 1 followed by a 100 zeroes) yet?
The world’s largest search engine has lost one of its top executives.
Google said that Nikesh Arora, who has spent a decade at the company and is currently its chief business officer, is leaving to join Japan’s Softbank.
Mr Arora will become vice chairman of Softbank and run its internet and media team.
The departure of Mr Arora came as Google reported second-quarter revenues that exceeded Wall Street’s forecasts.
Excluding sales handed onto partners, the search engine generated revenues of $12.67bn, topping forecasts of $12.3bn. Profits were $3.43bn in the quarter, up from $3.23bn a year ago. >> Read More
More than 70,000 people have already asked Google to delete links about them under Europe’s “right to be forgotten” ruling, with some of the world biggest news sites the first to be hit.
The search engine has restricted access to a BBC blog posting and several British newspaper stories under a legal ruling granting people a right to be “forgotten” in search engines, it emerged on Thursday.
Google said it had received 70,000 requests since it put a form online on May 30 as a result of the ruling by the European Court of Justice.
The court said that individuals have the right to have links to information about them deleted from searches in certain circumstances, such as if the data is outdated or inaccurate. >> Read More
Google plans to spend more than $1bn on a fleet of 180 satellites to beam internet access to unconnected parts of the globe.
The project will use small, but high capacity low-Earth orbiting satellites that sit lower in the sky than traditional satellites, a report by the Wall Street Journal indicates.
The satellite venture will be an extension of Google’s Project Loon, which uses high-altitude balloons to carry internet signal across areas of New Zealand with the intention of establishing an uninterrupted internet signal around the 40th parallel of the Earth’s southern hemisphere.
Reporting directly to Larry Page
Satellite-communications expert Greg Wyler, who founded specialist startup O3b Networks, is reportedly leading the new project for Google reporting directly to chief executive Larry Page with a team of about 20 people. >> Read More
Google is building a car without a steering wheel.
Sergey Brin, co-founder of the technology titan, told a Southern California tech conference that Google will make 100 prototype cars that drive themselves – and therefore do not need a wheel. Or brake and accelerator pedals.
Instead, there are buttons for go and stop.
A combination of sensors and computing power takes the driving from there.
To date, Google has driven hundreds of thousands of miles on public roads with Lexus SUVs and Toyota Priuses outfitted with the special equipment.
This prototype is the first Google will have built for itself.
It will not be for sale, and Google is unlikely to go deeply into car manufacturing. In a blog post, the company emphasised partnering with other firms.