18 July, 2014 by The TZ Newswire Staff Comments Off on Google’s executive shuffle highlights its growing ambitions
Google’s executive shuffle highlights its growing ambitions
By Alexei Oreskovic SAN FRANCISCO (Reuters) – Google Inc’s reshuffle of its senior ranks underscores the Internet company’s evolving business ambitions, analysts say. Three years after co-founder Larry Page took the reins back as chief executive officer, his team of lieutenants is clearly undergoing a refresh. On Thursday, Google announced the surprise departure of its veteran business chief Nikesh Arora, who will become Vice Chairman of SoftBank Corp.
18 July, 2014 by The TZ Newswire Staff Comments Off on Sanctions squeeze Putin, but stop short of economic war
Sanctions squeeze Putin, but stop short of economic war
The most aggressive U.S. sanctions yet on Russia are intended to inflict pain on President Vladimir Putin’s inner circle for supporting Ukrainian separatists, while giving the Russian leader room to reverse course before the standoff escalates into economic warfare. The pressure on Putin could increase dramatically if it becomes clear that, as some U.S. officials now think, Russia-backed separatists were responsible for shooting down a Malaysia Airlines (MAS) jet yesterday, killing all 298 people on board.
18 July, 2014 by The TZ Newswire Staff Comments Off on Ukraine unrest, Gaza keep pressure on shares, bonds steady
Ukraine unrest, Gaza keep pressure on shares, bonds steady
World markets remained under pressure on Friday after the downing of a Malaysian airlines jet at the Ukraine-Russia border, new sanctions on Moscow and unrest in Gaza had sent investors scurrying into defensive assets.
18 July, 2014 by The TZ Newswire Staff Comments Off on IBM shares scarcer as buybacks bring count below 1 billion
IBM shares scarcer as buybacks bring count below 1 billion
IBM shares are getting scarcer as the company acquires its outstanding stock, making each share of the company more valuable. The company, led by Chief Executive Officer Ginni Rometty, spent $3.7 billion on buybacks in the three months starting in April.
18 July, 2014 by The TZ Newswire Staff Comments Off on Oil jumps to nearly $104 as Ukraine crisis spirals
Oil jumps to nearly $104 as Ukraine crisis spirals
The price of oil continued to climb on Friday, reaching nearly $104 a barrel on concerns that the tensions over Ukraine and new sanctions against Russia could disrupt global supplies. Benchmark U.S. crude …
18 July, 2014 by The TZ Newswire Staff Comments Off on AbbVie Seals $54.8 Billion Shire Deal in Booming Tax Migration From U.S.
AbbVie Seals $54.8 Billion Shire Deal in Booming Tax Migration From U.S.
AbbVie Inc. (ABBV) agreed to buy Shire Plc (SHP) for about 32 billion pounds ($54.8 billion), becoming the latest U.S. health-care company to shift its tax residence abroad in a record surge in industry deals. Shire holders will receive cash and stock valued at 52.48 pounds a share, the companies said in a statement today. The price is 53 percent above Shire’s closing level on May 2, before AbbVie made its first proposal to buy the company. The agreement will move North Chicago, Illinois-based AbbVie’s tax residence, though not its management, to the U.K.
18 July, 2014 by The TZ Newswire Staff Comments Off on Google Sales Top Estimates on Robust Ad Demand
Google Sales Top Estimates on Robust Ad Demand
Chief Executive Officer Larry Page is adding new features in mobile, video and Web services to boost user traffic and attract marketers as he seeks to bolster Google’s main ad business. As a result, the number of clicks on ads on YouTube, search and other Google sites increased 33 percent in the latest quarter, making up for a decline in ad prices. Since Google gets paid each time someone clicks on an advertised link, higher volumes result in more revenue. Google shares climbed as much as 3 percent in extended trading.