On Monday, Google announced that it will be creating a new holding company called 'Alphabet'. It's a part of Google's move to restructure its operating process.
Larry Page, co-founder of Google will be stepping down as the chief and Sundar Pichai is appointed as head of a "slimmed-down" version of the company.
On Thursday Google, the Internet search giant reported its sales and profits for the second quarter. The results surpassed the analysts' estimates aiding to lift the stocks of the company to an all time high.
Ruth Porat, the new CFO of Google who joined the company after being the Morgan Stanley from Morgan Stanley hinted at further cost cutting.
Submitted by Ryan Bilanich on Tue, 04/07/2015 - 11:23
According to some consumer advocates the YouTube Kids mobile app uses deceptive advertising and that is an unfair business practice in the kids entertainment arena and they are seeking investigations from the federal regulators.
Google's expenses are rising with its profits and so to bring a balance between both, the company is hiring Ruth Porat, who is said to be "the most powerful woman on Wall Street". Ruth will be the company's new CFO.
Ruth Porat, 57 has been well known for the role she played in harnessing costs in several areas in her 28 year term with Morgan Stanley.
