google inc-cl c (GOOG) Key Developments
Twitter Rises On Speculation Of Acquisition By Google
Jan 23 15
Twitter, Inc. (NYSE:TWTR) rose as much as 3.8% on unsubstantiated speculation of an acquisition by Google Inc. (NasdaqGS:GOOGL). Shares of Twitter increased 2.7% to $38.84. Twitter, which reports quarterly results next month, has also previously moved on chatter about chief executive officer turnover, alleged interest from activist investors and speculation of other potential takeovers
Google Inc. and Viacom, Inc. Win Dismissal of Children’S Web Privacy Lawsuit
Jan 22 15
Google Inc. and Viacom Inc. won the dismissal of a nationwide privacy lawsuit accusing them of illegally tracking the Internet activity of boys and girls who visited Nickelodeon's website, in order to send targeted advertising. The lawsuit claimed that Viacom secretly kept track of children under age 13 who streamed videos and played video games on its Nick.com website, and shared what it learned with Google. It said both companies then without permission put text files known "cookies" into the children's computers, letting them gather additional information that advertisers could use. The lawsuit was brought on behalf of young children who registered to use Nick.com. But in a Jan. 20 decision, U.S. District Judge Stanley Chesler in Newark, N.J., found no showing that Google and Viacom could identify which children streamed specific videos or played specific video games, as opposed to identifying children generally. The plaintiffs had accused Viacom of violating the federal Video Privacy Protection Act, and both companies of violating a New Jersey anti-computer hacking law. Chesler dismissed other claims last July, and said the plaintiffs cannot amend their lawsuit again. The litigation against Google and New York-based Viacom began in 2012.
Google Plans to Open Office in Vilnius
Jan 21 15
Google wants to open its office in Vilnius.
Google to Launch Cellular Service
Jan 21 15
Google is getting ready to sell wireless telephone services directly to US consumers after reaching deals with carriers T-Mobile and Sprint. The move is likely to have big impacts on the US wireless industry, potentially resulting in price cuts and improved speeds. Google officials have been working on the wireless project for more than a year.
Intel, Apple, Google and Adobe Will Pay $415 Million to Settle Hiring Conspiracy Suit
Jan 21 15
Apple, Adobe and Google agreed to a $415 million settlement, $90.5 million more than a previously rejected accord, to end an embarrassing chapter of litigation showing how they and other Silicon Valley companies conspired to avoid hiring one another employees. The agreement, first disclosed Jan. 13, requires the approval of U.S. District Judge Lucy H. Koh in San Jose, Calif., who in August rejected the initial $324.5 million accord on grounds it didn't offer enough money for affected workers. Koh said the companies should pay at least $380 million given ample evidence of antitrust violations that might result in damages of more than $9 billion if the case went to a jury. For the companies, approval of the new accord would avoid the risk of a trial scheduled for April and finish off a 2011 lawsuit that produced troves of internal e-mails detailing anticompetitive agreements among the chief executive officers at technology giants. One of the objections to the original settlement was filed by former Adobe employee Michael Devine, who left the company in 2008 and was a lead plaintiff in the case. Devine lawyer, Daniel Girard, argued that if workers lawyers hadn't initially agreed to settle for an average payout of about $3,572, they could have won damages at trial of as much as $141,331 each.