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BUSINESS
January 30, 2013 | By Jessica Guynn
Facebook Inc. reported fourth-quarter financial results that beat Wall Street expectations, but its shares are falling anyway. Revenue rose 40% to nearly $1.6 billion in the fourth quarter, above analyst estimates. That marked the first growth acceleration since Facebook started selling shares to the public in May. Facebook said it earned $64 million, or 3 cents a share, compared with $302 million, or 14 cents a share, a year earlier. "In 2012, we connected over a billion people and became a mobile company," Chief Executive Mark Zuckerberg said in a written statement that accompanied the fourth-quarter financial results.
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BUSINESS
April 3, 2013 | By Jessica Guynn
SAN FRANCISCO -- Is mobile clicking for Facebook Inc.? Facebook's initial public stock offering in May was dashed after the social network said it wasn't making "any significant revenue" from mobile even though more than half of its users checked the service on mobile devices. With its stock price plunging, Facebook Chief Executive Mark Zuckerberg acknowledged in September: "We've had a bunch of missteps" in mobile. But in the background, Facebook has already powered up the turbo boosters.
BUSINESS
January 15, 2013 | By Jessica Guynn
MENLO PARK, Calif. -- Anticipation has been making Silicon Valley wait just like a Carly Simon song in a 1970s Heinz ketchup commercial. But that wait will come to an end Tuesday morning when Facebook holds a news conference at its Menlo Park, Calif., headquarters. We're live tweeting from the event. Tweets by @jguynn Facebook last week invited the media to "come and see what we're building. " It provided no details. There has been no shortage of speculation on what Facebook might announce as investors pushed shares above $30. Shares closed at $30.95 on Monday, though analysts say the stock gains may have more to do with investors' anticipation of the company's fourth-quarter financial results due out Jan. 30 than anticipation of a major announcement at the mysterious news conference.
BUSINESS
May 23, 2012 | By Michelle Maltais
A district court jury in Northern California cleared Google of infringing patents held by Oracle in six claims brought by the company. But the verdict isn't the end of the case. Oracle sued Google in August 2010, alleging Google's Android phone software infringed patents and copyrights covering Java. The first part of the trial over Java copyright claims ended in a mixed verdict. Despite the result of that trial, in which Google was found to have infringed only a small segment of Java code, it appears Oracle plans to pursue significant damages.
BUSINESS
March 14, 2013 | By Jessica Guynn
SAN FRANCISCO -- Google's senior ranks continue to shuffle with Jeff Huber stepping down as head of mapping and commerce. Huber will move to Google X, the lab run by Google co-founder Sergey Brin that is working on experimental projects such as the wearable computer Google Glass and self-driving cars, a person familiar with the situation said. The move was first reported by the Wall Street Journal. With Huber's departure, the mapping division will join the Google search team led by Alan Eustace and the commerce division will move under the advertising group led by Susan Wojcicki.
CALIFORNIA | LOCAL
June 22, 2012 | By Jessica Guynn
Google Chief Executive Larry Page has reassured employees that he does not have a serious medical condition and that he will continue to run the search giant. Page delivered the news in an email to employees Thursday after skipping the company's annual shareholder meeting that day, the Wall Street Journal reported . In the email, Page said: "There is nothing seriously wrong with me. " Page has been having trouble with his voice, said Executive Chairman Eric Schmidt, who filled in for him Thursday.
ENTERTAINMENT
September 25, 2013 | By Dawn C. Chmielewski
As Internet video streaming becomes more commonplace in American households, a maker of dedicated devices introduced a new lineup of products and expanded programming options in hopes of capitalizing on this trend. Roku unveiled three new streaming players, priced at $50 to $80, that it says will offer high-definition video, among other features. These devices, with names only a geek could love (the Roku LT, Roku 1 and Roku 2), reach stores in October. Roku also is adding the M-Go movie and television service to its entertainment offerings.
BUSINESS
June 26, 2013 | By Paresh Dave
Leaving the front door unlocked is a risky move. And that risk is the same with smartphones running Android, Google's open operating system. Android phones come with unlocked doors, allowing them to install applications found almost anywhere online. But when downloading applications from somewhere other than the Google Play store, Android device users must be more cautious than ever, according to Juniper Networks third annual Mobile Threats Report . People who create viruses and other malicious software, or malware, for mobile devices have targeted Android because it has become the dominant mobile operating system worldwide.
BUSINESS
October 15, 2010 | By Jessica Guynn, Los Angeles Times
Google Inc. beat Wall Street expectations Thursday as earnings rose 32% with a resurgent wave of businesses spending more on advertising to lure online consumers. The better-than-expected third-quarter results quieted concerns that the Internet search giant was wasting time and money on futuristic projects from windmills to automated cars as it faces rising competition from Facebook Inc., the world's most popular social networking site. "Google is back," BGC Partners analyst Colin Gillis said.
BUSINESS
April 1, 2011 | By Jim Puzzanghera, Los Angeles Times
Microsoft Corp. said it was filing a formal antitrust complaint in Europe against Google Inc., alleging the Internet giant is squelching competition by limiting access to some of its data from YouTube and other services. The complaint will be filed as part of the European Commission's ongoing antitrust investigation, launched in November, into whether Google has abused its dominance over Internet search in Europe at the expense of rivals. Microsoft said it was the first time it had ever filed an antitrust complaint against a rival, and the move was another salvo in a bitter, long-running battle between the technology titans.
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