If there’s one thing that can align even the fiercest of rivals, it’s hygiene. Or at least it seems to have worked for Apple CEO Tim Cook and Alphabet’s Eric Schmidt, who are both investing in a new showerhead startup called Nebia. The startup, which is being financially backed by the Apple chief as well as the chief exec of Google’s new parent company and, has already shot past its
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Google Inc’s overhaul of its operating structure is an acknowledgement of the lack of transparency surrounding its disparate businesses and projects, analysts said, but it remains to be seen how much more the company will actually disclose. Analysts and investors have long sought more granular detail on Google’s capital spending and cash flow, as well as the financial performance of YouTube and Android. Google said on Monday it would split
U.S. stocks traded lower after a surprising move overnight by the People’s Bank of China to depreciate the yuan by nearly 2 percent.
Google Inc’s overhaul of its operating structure is an acknowledgement of the lack of transparency surrounding its disparate businesses and projects, analysts said, but it remains to be seen how much more the company will actually disclose. Analysts and investors have long sought more granular detail on Google’s capital spending and cash flow, as well as the financial performance of YouTube and Android. Google said on Monday it would split
NEW YORK (Reuters) – U.S. prosecutors have charged nine people over their alleged roles in a hacking scheme to obtain corporate press releases before they were made public, which they said generated more than $30 million of illegal trading profit.
On Monday, Google surprised the market with a huge corporate restructuring announcement. But what exactly did the company do and why should investors care?
U.S. stocks traded lower after a surprising move overnight by the People’s Bank of China to depreciate the yuan by nearly 2 percent.
(Reuters) – Norton antivirus maker Symantec Corp said it would sell its data storage business, Veritas, for $8 billion in cash to a group including Carlyle Group LP and Singapore’s sovereign wealth fund GIC. Symantec’s shares rose about 7 percent in premarket trading on Tuesday. Symantec said it expected to receive about $6.3 billion in net cash proceeds from the deal, which is expected to close by Jan. 1.
China’s shock 2 percent devaluation of the yuan on Tuesday pushed the dollar higher and raised the prospect of a new round of currency wars, just as Greece reached a new deal to contain its debt crisis.