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Posts Tagged ‘Google’

Google Vice President Andy Rubin is carrying through advanced talks with major music labels in the United States to open a streaming service and legal downloads of music to compete with the almighty Apple’s iTunes.

In fact, the talks appear to have reached the point of agreeing the terms by both parties and be engrossed in the price now. Rumored release dates of this store later this year, but from another source says that some features will not appear until next year.

With iTunes still to make his move to move to the cloud, Google could start from scratch to compete directly with the champions of this sector as Spotify. Everything indicates that Google wants to break into the music market, and the philosophy they have to do things we could be waiting a very interesting service.

A whopping $6.54 billion rise in Google’s net revenue has been noticed in the first quarter. This increase is about 29% more compared to same time in previous year.

Google, a leading search engine of the world, holds around 90% shares of European and 65 % shares of US search engine market.

Patrick Pichette, Chief Finance officer in Google said, “These results demonstrate the value of search and search ads to our users and customers, as well as the extraordinary potential of areas like display and mobile”, while announcing the results.

In this quarter, there was around 18% increase in ‘paid clicks’ of Google. ‘Paid clicks’ measures the number of clicks on advertisers-sponsored Google ads.

But there are some areas in which Google didn’t fulfill the expectations of analysts. Its revenues from UK exhibited some decline .In first quarter of 2011, it is around 11% compared to 13% last year.

In addition, firm’s staff hiring fling is incurring more costs. “Clearly the company is still in growth mode and for Google that means spending too,” said Jordan Rohan, analyst at financial services firm Stifel Nicolaus.

New York. The Internet portal Yahoo announced today that it will reduce its workforce by 4 percent, which will mean laying off about 600 employees in an effort to improve its finances.

“The personnel changes announced today are part of our ongoing strategy to position Yahoo the best possible place in revenue growth and increased margins,” the company said in a statement that ended with the rumors that during weeks have planned for the future of its workforce. Read the rest of this entry »