Investors brushed aside concerns that a surprise shake-up at Google Inc putting co-founder Larry Page back in the top job would prove a distraction at a critical time and focused instead on the company's stellar results.
The changes at Google have been compared to those at another Internet giant, Yahoo!. But beyond the fact that a founder took over as CEO, the companies are in very different positions.
As the market will be concerned in the near-term with the management shuffle, an analyst at Jefferies hinted at a possibility that Eric Schmidt could become the Chief Executive of Apple.
The companies that reported earnings after the markets close on Thursday are: Google, AMD, Capital One, International Game Technology, Wipro, Consolidated Edison, Maxim Integrated, Flextronics, Intuitive Surgical, Polycom...
The main challenge that is going to grip Page is going to be the confrontation with Facebook, the world’s largest networking site which is closing in on 1 billion users. And another competitor would be Apple in terms of mobile advertising. Recently Facebook was in the new about the challenge it posses over Google in terms of advertising.
The companies which are expected to see active trade on Friday are: Bank of America, Advanced Micro Devices, Google, General Electric, Intuitive Surgical, Schlumberger, International Game Technology, Emulex and Capital One Financial.
The top after-market NASDAQ stock market gainers are: Danvers Bancorp, Intuitive Surgical, Clinical Data, Polycom, SinoTech Energy, and Google. The top after-market NASDAQ stock market losers are: Morgans Hotel Group, Seattle Genetics, Matrixx Initiatives, Synaptics, and DealerTrack Holdings.
Internet powerhouse Google Inc beat Wall Street's quarterly sales and profit estimates, and announced that co-founder Larry Page would take on the role of chief executive, overseeing day-to-day operations of the company. Its shares rose 1.9 percent.
Internet powerhouse Google Inc beat Wall Street's quarterly sales and profit estimates, and announced that co-founder Larry Page would take on the role of chief executive, overseeing day-to-day operations of the company. Its shares rose 1.4 percent.
On a conference call with analysts Thursday Google management unveiled a surprise change in its upper ranks, replacing the current CEO Eric Schmidt with Larry Page, the company's co-founder and previous CEO.
Company's revenue increased 26 percent year-over-year.
Outgoing CEO Eric Schmidt says management change is a matter of streamlining things.
Google Inc co-founder Larry Page will replace Eric Schmidt in April as chief executive of the world's No. 1 search engine, the company said on Thursday.
Google Inc Chief Executive Eric Schmidt will hand over the reins to co-founder Larry Page, the company said on Thursday.
Google announces a change at the top in its fourth quarter earnings release.
Google Inc. on Wednesday kicked off the fourth annual Doodle 4 Google contest, a competition that calls on K-12 students in the U.S. to think big and redesign Google's homepage logo, inspired by the theme 'What I'd like to do someday...'
Internet search giant Google Inc. has joined India's celebration of Pongal or Makar Sankranti festival with new Doodle, which has painted kites and flying balloons on its homepage. Makar Sankranti is a major harvest festival celebrated in various parts of India.
Google has donned the cloak of Internet's guardian angel once again, condemning the 'digital disruptions' that some governments unleash and calling for new trade rules to prevent countries from setting up intractable 'trade barriers' of a new kind.
A company linked to Microsoft Corp co-founder Paul Allen is suing 11 major corporations, including Apple, Google and Facebook, accusing them of infringing on technology patents.
Google Inc Chief Executive Eric Schmidt rejected any notion that Apple Inc or Facebook presented a threat to the web search leader's business.
Start-up Bloom Energy unveiled a new fuel cell technology that can power buildings, positioning the energy generators as an alternative to the electricity grid.
Google Inc co-founder Sergey Brin said on Tuesday it has become very hard to operate in China, but he is optimistic that the Internet company can continue to open up information for everyone everywhere, free of political censorship.