As the big boys of media push for consolidation, scale is emerging as the killer app
Inform Inc. alleges that Google has used its monopoly power in internet search and mobile operating systems to undermine competition in the ad market
The details of the project, named Cache, were first reported by the Wall Street Journal and follow moves by tech heavyweights Apple Inc and Facebook Inc into the financial industry this year
(Reuters) - Robust earnings from Alphabet and Starbucks pushed the S&P 500 and Nasdaq indexes to record highs on Friday, with support from data showing U.S. economic growth slowed less than expected in the second quarter.
The company reported profit of $14.21 per share, or $9.9 billion during the quarter, nearly triple what it made last year
The company's shares, which have risen almost 17 percent over the past six weeks, fell 2.3 percent to $1,114.60 in after-hours trading
Google shares were down 6.1 per cent to $1,208.50 in after-market trades that followed release of the earnings report
Google ad sales contributed 86 per cent of revenue, but growth slowed to 20 per cent from nearly 24 per cent last quarter
Google's dominance in online advertising has been challenged this year by the antitrust battle over its Android mobile software, which led to a $5 billion fine for the quarter
Alphabet is set to report second quarter earnings today
Alphabet has reduced spending on several experimental efforts, cutting some completely
Alphabet announced the investment by adding Snapchat's logo to a page on its investment portfolio website
Alphabet reported Thursday that its inventory was $491 million at the end of 2015, likely reflecting Nest hardware
The burrito-bearing aircraft will be flown by automation, but human pilots will be standing by to take control if necessary to comply with FAA rules
The tie-up shows the growing convergence of healthcare and technology
Project Foghorn is one of those straight-from-science-fiction concepts we've come to expect from Alphabet, the sprawling conglomerate formerly known as Google. The idea, hatched by the company's X research lab, was to use seawater and chemistry to create fuel that could be refined into gasoline. This gas would be just like the gas we fill our cars with today - except that unlike today's gas, it would not add to global warming because it would recycle carbon dioxide already in the atmosphere.If the project had been successful - and this was always a big if - it would have changed the definition of green energy and potentially undercut some of the most important industries in the world, not least the oil business. But after two years of trying, and an undisclosed research budget, Foghorn died during a January staff meeting.The result: Everyone on the team received a bonus (they won't say how much).X, formerly called Google X, cheekily refers to itself as "the moonshot factory". They are