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Stock Market & Financial Investment News

News Breaks
April 3, 2014
08:54 EDTGOOGL, GOOG, LNVGYGoogle Class C shares begin trading today
Google (GOOG) is effectively splitting its stock via a dividend distribution of new "Class C" shares, which begin trading today. The price of existing Google A shares, which hold one vote each, is expected to fall by half today as the C shares begin trading. WHAT'S NOTABLE: In January, Google announced that its board approved a dividend of Class C shares to be distributed on April 2 to holders of record as of March 27. The new Class C shares will trade under the ticker "GOOG" and the company's existing Class A shares will trade under a new ticker, "GOOGL." The company has previously said that its Q1 GAAP EPS will be half of what it would otherwise report because its net earnings are divided by twice as many shares. The company also said that its non-GAAP EPS will be similarly affected by the Class C dividend issuance, but will also be impacted by the expected sale of Motorola Mobile to Lenovo (LNVGY). This sale triggers "discontinued operations" accounting treatment, Google noted. Both Google Class A and Class C will be included in the S&P 500 and S&P 100 and there will not be a switch from Class A to Class C. Class A shares will subsequently be removed from Nasdaq indexes when the exchange operator rebalances them on June 23. By introducing non-voting C shares, Google's Sergey Brin and Larry Page will be able to issue stock to compensate workers or make acquisitions without diluting their voting stake, Bloomberg has noted.
News For GOOG;GOOGL;LNVGY From The Last 14 Days
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May 15, 2015
05:59 EDTLNVGYLenovo interested in acquiring Micro-Star gaming notebook unit, DigiTimes says
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May 14, 2015
19:04 EDTGOOGMicrosoft announces mobile-friendly search result changes
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14:37 EDTLNVGYLenovo rumored to plan Smart TV venture with Alibaba, Marbridge Daily says
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12:03 EDTGOOGL, GOOGVringo seeks Supreme Court review of reversal of judgment against Google
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11:01 EDTGOOGADT Corp. announces product integration with Google's Nest
ADT (ADT) announced today a product integration with Nest (GOOG). Launching this summer, the integration will be another example of ADTís continued desire to open up its ecosystem, paving the way for future opportunities.
09:34 EDTGOOGActive equity options trading on open
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06:09 EDTGOOGGoogle's PR chief Whetstone leaves for Uber, WSJ reports
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May 13, 2015
15:43 EDTGOOGGoogle moves corporate applications to cloud, WSJ says
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08:00 EDTGOOG, GOOGLGoogle fight with EU over 'right to forget' may end up back in court, WSJ says
Google has set up a detailed process to comply with the European Union's "right to forget" rules and removed hundreds of thousands of links in search results for people's names from the European versions of its search engine, but European regulators argue that the company is undermining the decision by not applying it globally, reported The Wall Street Journal. Google says it wants to avoid seting a precedent that one region can set global rules for the Internet and the fight may end up back in court, the report added. Reference Link
06:11 EDTGOOGBoeing ends work on only small satellite program, WSJ reports
Boeing is no longer working on a program for HySpecIQ, a private equity-backed startup, which had ordered two Boeing 502 Phoenix satellites that were expected to be launched in 2018, The Wall Street Journal reports. Boeing has ended work on the imaging spacecraft, its only small satellite order, due to the downturn in the natural resources market, the publication adds.
May 12, 2015
11:47 EDTGOOGYouTube's engineering head Panchapakesan dies, Re/code reports
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09:14 EDTGOOGApps World to hold a conference
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07:00 EDTGOOGL, GOOGPublishers contend with Facebook clout as traffic-driving power grows, WSJ says
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06:53 EDTGOOGGoogle sees India business doubling every year, Economic Times says
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06:07 EDTGOOGGoogle's Urmson: Self-driving cars not the cause of accidents, Medium reports
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06:04 EDTGOOGGoogle's self-driving cars in three collisons since September, AP reports
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May 11, 2015
19:05 EDTGOOGFacebook tests in-house search engine, WSJ says
Facebook (FB) is testing a feature within its app that allows users to search for previously-shared links, reports the Wall Street Journal's Digits blog, citing spokesperson statements. "Weíre piloting a new way to add a link thatís been shared on Facebook," said a company spokesperson. The Journal notes that the feature could give Facebook an information edge over search engine leader Google (GOOG). Reference Link
11:03 EDTGOOGLionsgate, Google Play partner on 'The Mad Men Experience'
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09:56 EDTLNVGYIDC: Apple leads smartphone vendors in China during Q1
IDCís latest Mobile Phone Tracker shows the China smartphone market contracted by 4% year-on-year with 98.8M units shipped in the first quarter of 2015. This is the first time in six years that the China smartphone market declined YoY as the market continues to mature. On a QoQ basis, the market contracted 8% on the back of a large inventory buildup at the end of last year. The study said Apple (AAPL) was the top smartphone vendor in China in the first quarter, with consumers still having a strong appetite for the larger screens on the iPhone 6 and iPhone 6 Plus. Xiaomi slipped to the second position as it faced strong competition from other vendors in the low to mid-range segment of the market, while Huawei maintained third position as it saw a good uptake in the mid-range segment. Samsung (SSNLF) and Lenovo (LNVGY) both led the market at least once last year, but rankings have since changed quickly, highlighting the volatility of consumers' brand preference in China. Reference Link
06:11 EDTGOOGStudy: Jet.com has lower prices than Amazon '94% of the time,' WSJ reports
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