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Google buys drone manufacturer Titan Aerospace

Thursday, 17 April 2014 21:01
Acquisition comes as Google (NasdaqGS: GOOG - news) and Facebook (NasdaqGS: FB - news) race to provide internet access with aircraft Google has seen off interest from Facebook to buy a company that manufactures high-altitude drones, part of the technology giant's efforts to bring internet access to far-flung corners of the world. The acquisition of New Mexico's Titan Aerospace for an undisclosed fee was announced on Monday night, just weeks after Facebook was reported to…

Google Sales Miss Highlights Mobile Transition Challenge

Thursday, 17 April 2014 19:47
Google Inc. (GOOG) isn’t immune to setbacks caused by the global shift to mobile computing. Costs are rising and Google said yesterday that revenue, excluding sales passed on to partners, was $12.2 billion in the first quarter, another stumble as the company missed a projection by analysts for $12.3 billion, according to data compiled by Bloomberg. Facebook Inc. (FB), Intel Corp.

Google still a top pick for Wall St, despite mobile ad challenges

Thursday, 17 April 2014 11:48
By Saqib Iqbal Ahmed (Reuters) - Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with the shift to the fast-growing mobile advertising market. Google shares were down about 3 percent in early trading on Thursday, and at least 12 brokerages cut their target price on the stock. But most analysts kept a "buy" rating or equivalent on the company's shares.

Google still a top pick for Wall Street, despite mobile ad challenges

Thursday, 17 April 2014 09:38
By Saqib Iqbal Ahmed (Reuters) - Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with a shift to the fast-growing mobile advertising market. Google shares were down 2 percent in premarket trading on Thursday and at least 12 brokerages cut their target price on the stock. But most analysts kept their "buy" rating on the stock. "Despite an expectations-miss quarter, Google remains one of the…

The Zacks Analyst Blog Highlights: Google, IBM, Facebook, Intel and Sinopec

Thursday, 17 April 2014 08:32
For Immediate Release Chicago, IL – April 17, 2014 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include the Google (GOOGL-Free Report), IBM (IBM-Free Report), Facebook (FB-Free Report), Intel (INTC-Free Report) and Sinopec (SNP-Free Report).

Google still top pick for Wall St., despite mobile ad challenges

Thursday, 17 April 2014 07:31
By Saqib Iqbal Ahmed (Reuters) - Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with a shift to the fast-growing mobile advertising market. Google shares were down 2 percent in premarket trading on Thursday and at least 12 brokerages cut their target price on the stock. But most analysts kept their "buy" rating on the stock. "Despite an expectations-miss quarter, Google remains one of the…

Google Top Pick Despite Mobile Ad Challenges

Thursday, 17 April 2014 07:31
Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with a shift to the fast-growing mobile advertising market. Google shares were down 2 percent in premarket trading on Thursday and at least 12 brokerages cut their target price on the stock. But most analysts kept their "buy" rating on the stock. "Despite an expectations-miss quarter, Google remains one of the best-positioned stocks for many of the…

Google still top pick for Wall Street, despite mobile ad challenges

Thursday, 17 April 2014 07:31
By Saqib Iqbal Ahmed (Reuters) - Google Inc's disappointing first-quarter results left Wall Street unfazed about the internet giant's ability to come to grips with a shift to the fast-growing mobile advertising market. Google shares were down 2 percent in premarket trading on Thursday and at least 12 brokerages cut their target price on the stock. But most analysts kept their "buy" rating on the stock. "Despite an expectations-miss quarter, Google remains one of the…

Google, Facebook and Amazon are on a quest to unlock the East

Thursday, 17 April 2014 06:18
As the tech giants struggle to find new ways to grow, they know they have to increase the size of the audience they can sell to, so they are in a new space race to get the rest of the world connected. Titan produces solar-powered unmanned aircraft, which can fly non-stop for years, hundreds of metres above the ground. Google snapped the company up for an undisclosed sum to help with “Project Loon” – its…

Drone Maker Titan Aerospace To Become A Google-Owned Company

Wednesday, 16 April 2014 22:16
Enid Burns for redOrbit.com – Your Universe Online Not so fast Facebook. Google just bought Titan Aerospace, a company that makes drones, which Facebook entered into contract to acquire in early March for $60 million. Titan Aerospace has become the target of Silicon Valley giants for its development of a solar-powered drone that can fly for several years without ever touching down. Google did not disclose details of the purchase, the Wall Street Journal reports.
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