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Google shares up 5% on restructuring

2015-08-11 17:44:31| BBC News | Business | UK Edition

Google shares rise by about 5% on Wall Street after investors welcome news of its restructuring.

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Google creates new holding company Alphabet

2015-08-11 08:20:00| Telecompaper Headlines

(Telecompaper) Google announced plans to create a new holding company called Alphabet, with Google as just one of several subsidiaries of the group. Google co-founder Larry Page will be CEO of Alphabet and Sergey Brin will serve as President of the new company, while Sundar Pichai will become CEO of Google. In a blog post, Page said the new structure will make the company "cleaner and more accountable". Businesses that are "pretty far afield" of Google's main internet business will be included Alphabet itself, such as Life Sciences (products such as glucose-sensing contact lens) and Calico (focused on longevity). The X lab for new development work and theventure capital arm will also be included in Alphabet. The other businesses will each have a strong CEO with the independence and capital needed, with Brin and Page "in service to them as needed". As part of the new plan, Google will start reporting a breakdown of its financial results for each segment, with Google financials separate from the rest of the Alphabet businesses as a whole.

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G is for Google, R is for restructuring

2015-08-11 02:00:00| Total Telecom industry news

C is for CEO as Larry Page hands reins to Sundar Pichai in a bid to make sense of Google's alphabet soup of operations.

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Google creates Alphabet company

2015-08-10 23:50:41| BBC News | Business | UK Edition

Google unveils a surprise restructuring, creating a new parent company called Alphabet Inc.

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Google, Samsung, and LG pledge monthly Android security patches

2015-08-07 19:00:02| Extremetech

Some of the top Android makers are going to start sending out monthly security patches, but will they be able to keep up?

Tags: google security monthly samsung

 

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