Alphabet Inc reshapes Google into parent company structure
Google creates Alphabet Inc to house Google and other ventures, led by Larry Page and Sergey Brin with Sundar Pichai as CEO of Google under the umbrella. The move targets greater transparency and management scale, separating moonshot projects like Calico and Nest from core Internet businesses.
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Best-Paying S&P 500 Firms Hit Median $115K Salaries
USA TODAY analyzes Glassdoor data to show top 13 S&P 500 companies pay median $115,000 at least, led by Juniper Networks, Netflix and Yahoo. The rule requiring CEO pay disclosures aims to help workers compare pay across industries, while the overall S&P 500 median is $68,000. The 18 highest paid firms beat the market, with a 24.3% year rise versus the S&P 500’s 8.8%.
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Top Paying Tech Firms Yield High Salaries and Losses
Technology dominates the list of highest paying companies with Juniper Networks offering a median $134,721 per year, followed by Netflix at $132,220. Juniper posts a $427.8 million net loss in the last year, contrasting with the group’s average $2.2 billion profit. Netflix shows strong growth with a stock surge of 630% over five years.
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Twitter confidence rises as Dorsey buys shares and NFL deal
Twitter shares rebound from a low after interim CEO Jack Dorsey buys about 31 000 shares for roughly 875 000 and tweets investing in Twitter's future. The move coincides with a two year content and advertising deal with the National Football League as investor confidence shifts. Dorsey and Noto warned that growth will take time while user growth slowed in Q2.
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Alibaba invests 4.6 billion in Suning expands stake
Alibaba Group plans a 4.6 billion investment in Suning Electronics, acquiring almost 20 percent and becoming the second largest shareholder. CEO Daniel Zhang says the move blends ecommerce with brick and mortar for a broader, omni channel shopping experience.
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AquiNox soars on bladder pain drug trial results
Vancouver based AquiNox Pharmaceuticals surged after a promising bladder pain syndrome trial. Shares rose 81.2 percent to 18.88 and climbed 954.7 percent since Thursday, while Thursday close was 1.79 a share. Honda raises Accord prices for 2016 across trims starting at 22,105 with shipping 820 dollars.
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