February 21, 2013 |
SAN FRANCISCO - Google's stock price topped $800 Tuesday for the first time amid renewed confidence in the company's ability to reap higher profits from its dominance of Internet search and prominence in the growing mobile market. The milestone comes more than five years after Google's shares initially hit $700. Not long after breaking that barrier in October 2007, the economy collapsed into the worst recession since World War II and Google's stock tumbled into a prolonged malaise that eventually led to a change in leadership.
October 19, 2012 |
SAN FRANCISCO - Google Inc. is opening a virtual window into the secretive data centers where an intricate maze of computers process Internet search requests, show YouTube video clips, and distribute e-mail for millions of people. The unprecedented peek is being provided through a new website unveiled Wednesday at http://tinyurl.com/bnbcy8j . The site features photos from inside some of the eight data centers that Google already has running in the United States, Finland, and Belgium.
September 11, 2012
By Edward Glaeser 'We built it. " That was the Republicans' rebuke during their convention to President Obama's "you didn't build that. " These phrases don't imply anything about concrete policy. Yet the debate reflects a deep ideological divide that goes back 150 years. And the battle over the relative roles of social collaboration and individual initiative is not limited to the United States. The president's defenders claim Republicans took his words out of context. But the transcript shows that Obama's comments, taken as a whole, are a coherent statement of a communitarian worldview that emphasizes the power of social influences and the positive role of government.
April 28, 2012 |
SAN FRANCISCO — Google chief executive Larry Page recently wrote that he hoped to show that the company was "deserving of great love. " But the Internet search leader may need to win more trust, based on the suspicions swirling around Google Drive, a new online storage service for personal documents, photos, and other content. Within a few hours of Google Drive's Tuesday debut, technology blogs and Twitter users were pouncing on a legal clause in the "terms of service" that could be interpreted to mean that any content stored in Google Drive would automatically become Google Inc.'s intellectual property.
February 4, 2012 |
August 17, 2011 |
Energy Plus Holdings L.L.C. , the University City-based energy retailer founded four years ago by Center City ex-credit-card-marketeer Richard W. Vague , has accepted a $190 million cash offer from NRG Energy Inc. , of Princeton. Energy Plus employs more than 150, including Penn and Drexel student telemarketers, at its headquarters on the top floor of the University City Science Center's new 3711 Market St. office building. NRG chief executive David Crane said Vague and chief operating officer Kevin Kleinschmidt were the rare energy executives who could turn the "boring" business of power sales into "a hotbed of entrepreneurial activity.
August 16, 2011 |
Google already makes the Android software that powers the country's most commonly owned type of smartphone. The announcement that it plans to buy Motorola Mobility, a leading U.S. handset developer, sets the stage for a head-to-head contest with Apple, which makes the Android's more profitable and highly touted competitor, the iPhone. The $12.5 billion deal, approved by both companies' boards, still must clear an antitrust review. But industry analysts and other observers of the exploding smartphone market quickly portrayed the purchase as a potential game-changer.
August 16, 2011 |
Google Inc.'s $12.5 billion purchase of Motorola Mobility Inc. would make the online search and advertising giant the owner, not just of Illinois-based Motorola's money-losing mobile-phone factories, but also of Motorola's vast phone-patent portfolio - and its profitable, Horsham-based video-equipment arm, which counts Comcast and other TV giants among its clients. This "defensive" deal, which follows Google's failure to win Nortel Corp.'s smartphone patents in bidding against Microsoft and Apple last month, is "entirely driven by the patent portfolio," Jordan Rohan , analyst at Stifel Nicolaus & Co. , told clients in a report.
April 30, 2011 |
MOUNTAIN VIEW, Calif. - Amid the free food and other goodies that come with a job at Google Inc., there's a benefit a lot of employees don't qualify for: a cluster of high-tech workshops that have become a tinkerer's paradise. Workers escape from their computer screens and office chairs to weld, drill, and saw on expensive machinery they won't find at Home Depot. Besides building contraptions with a clear business purpose, Google employees use the shops for fun: They create elaborate holiday decorations, build cabinets for their homes, and sometimes dream big - such as the engineers working on a pedal-powered airplane with a 100-foot wingspan.
April 13, 2011
THE GIZMO: Digging "In the Plex," Steven Levy's new book on "How Google Thinks, Works, and Shapes Our Lives" (Simon & Schuster, $26). MAGIC MAKERS: The wizards of Silicon Valley often hype their hardware/software breakthroughs as "magical" for the products' ability to pull off dazzling stunts in the blink of an eye. And true to the magicians' code, these tech talents rarely let mere mortals peer behind the curtains. That's what makes Levy's just-out tome so valuable.