Verizon Communications Inc will bid for Yahoo's web business, while Alphabet Inc's Google unit is also exploring options on bidding for it. Additionally, Verizon may also make an offer for stake in Yahoo's Japan subsidiary.
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David Tepper, the pioneer in distressed debt, buys millions of shares in Energy Transfer Partners and Kinder Morgan in the face of plaguing oil slump and toxic energy market. He has tapped these pipeline companies after strengthening his US equity holdings by 56% last quarter.
Google, for the first time, has disclosed financials on earnings, expenditure, asset value and future business planning. From the financials, analysts have found lot of scopes for Google and its parent company, Alphabet to expand. Google’s ad earnings have been witnessed to rise significantly during the year 2015. Meanwhile, it has spent only $3.6 billion in its ambitious technology projects during the same period. The net earning of Alphabet has been reached to $4.9 billion. Adding this earning to the net asset value, Alphabet has been recognized as the worlds most worthy enterprise.
Alphabet Inc., the parent company of Google Inc., has renamed its experimental laboratory and life sciences division as the company is starting to restructure. The division that was originally named "Google Life Sciences" is getting a new name: Verily.
Google's parent company, Alphabet Inc recorded a better than expected revenue after its third-quarter report shows that its revenue has increased by 13 percent. The great return report, together with an announcement of buyback for its class C shares had sent the company's share price to break previous resistance to a new high.
After Google announced that they are using .xyz as the Alphabet Inc.'s domain, Daniel Negari, the 29-year-old owner of .xyz told the reports that the domain is not for sale.
Google is restructuring its organization with an announcement of a new corporate name- Alphabet Inc. Google founder and CEO Larry Page will lead as the Alphabet CEO while co-founder Sergey Brin will be its president.
