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BUSINESS
June 17, 2011 | Bloomberg News
Shares of Research in Motion Ltd. dropped 21.5% to their lowest level since 2006 on Friday after the BlackBerry smartphone maker said quarterly revenue might drop for the first time in nine years and unveiled plans to reduce jobs. Revenue will be $4.2 billion to $4.8 billion in the fiscal second quarter, RIM said Thursday. That was less than the average analyst estimate for sales of $5.47 billion, according to a Bloomberg survey. Profit this quarter will be 75 cents to $1.05 a share.
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BUSINESS
May 23, 2013 | By Paresh Dave
On its way to becoming the fastest-selling Android smartphone, the Galaxy S4 has been sold twice as many times as the HTC One in their first few weeks on the market. Samsung announced this week that it has sold 10 million Galaxy S4 phones. Currently in either black or white, the phone manufacturer plans to sell the smartphone in more colors, such as blue, red, purple and brown, later this year. An HTC executive told the Wall Street Journal its device had been purchased 5 million times, but that production remains behind schedule because of parts shortages.
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.
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.
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.
BUSINESS
February 19, 2013 | By Jessica Guynn
SAN FRANCISCO -- Google's stock crossed $800 for the first time Monday -- a feat never before achieved by a technology company. The $800 club that Google just joined is a pretty exclusive one . And though the all-time high for Google is largely symbolic, analysts are crediting Larry Page, its co-founder and chief executive, for the search giant's dramatic resurgence since he took back the helm nearly two years ago. Under his leadership, the...
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.
OPINION
November 8, 2007
Having watched Apple put its stamp on cellphone design, Google is now trying to make its mark on cellphone software. The company, joined by 33 manufacturers and network operators, is creating a standard set of mobile phone programs -- including the operating system and the user interface -- that other companies can easily enhance with their own applications.
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
October 14, 2010 | Bloomberg News
Google Inc. said third-quarter profit increased as businesses spent more on advertising for online consumers. Net income rose 32 percent to $2.17 billion, or $6.72 a share, from $1.64 billion, or $5.13, a year earlier, Google said. Profit excluding some items was $7.64 a share, compared with the $6.68 average of projections compiled by Bloomberg. Google, even amid a sluggish rebound in U.S. economic growth, is benefitting from increased spending on search-based ads as it pursues opportunities in mobile communications and display advertising.
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