Google settles lawsuit with shareholder | ET | Google's $5 Million Plan To Rid The Internet Of Child Porn

Google settles lawsuit with shareholder

SAN FRANCISCO: Google has resolved a shareholder lawsuit blocking a long-delayed stock split, clearing the way for the internet search leader to issue a new class of non-voting shares later this year. The settlement announced came on the eve of a scheduled Delaware chancery court trial that threatened to cast an unflattering light on Google co-founders Larry Page and Sergey Brin. The class-action by the Brockton Retirement Board in Massachusetts and another Google shareholder, Philip Skidmore, alleged that Page and Brin engineered the stock split in a way that unfairly benefits them while shortchanging the rest of the company's shareholders. Google denied the allegations and maintained that the proposed stock split announced 14 months ago would benefit shareholders by ensuring that Page and Brin would preserve the power that has enabled them to make the same kinds of bold bets on technology that has helped increase the company's market value by more than $260 billion during the past nine years. 

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http://timesofindia.indiatimes.com/tech/tech-news/internet/Google-settles-lawsuit-with-shareholder/articleshow/20644563.cms

                                            EVEN THOUGH

Google vs. Child Porn: The Search Giant Will Try To Eradicate All Of The Internet's Child Porn

Google's founding mission is to "organize the world's information." But there's some disgusting data that the tech giant will spend millions to scrub off the web.

Over the weekend, Google announced that it has been creating a database tagging child pornography on the Internet in an effort to eradicate images of child abuse entirely from the web. The company plans to spend $5 million to fight child pornography online

Google Buys Waze \ET\ Google's Not-So-Evil Plan To Lower Your Cable Bill

Google Buys Waze: Social Mapping App Will 'Enhance' Google Maps

Google Ahead 

Waze finally has a buyer. that it had bought Waze, a social GPS mapping app that specializes in real-time crowd-sourced traffic.The price was not disclosed but a report on Monday in The New York Times put the number at more than $1 billion."We’re excited about the prospect of enhancing Google Maps with some of the traffic update features provided by Waze and enhancing Waze with Google’s search capabilities," Brian McClendon, Google's vice president of Geo, wrote in a blog post announcing the acquisition.Waze's product development team will stay in Israel, where the company, now based in Palo Alto, Calif., was founded.Wazers, as they're called, alert each other to accidents, road closures and other things that would potentially slow down traffic. According to The New York Times, Waze says it has 47 million global users.Waze is a free app that makes money from location-based advertising. Techcrunch reported in January that the company's 2012 revenue was less than $1 million.Both Apple and Facebook were reportedly interested in buying Waze. Google's purchase now keeps those rivals away from the app.

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http://www.huffingtonpost.com/2013/06/11/google-buys-waze-social-mapping-app_n_3422097.html

                                                 EVEN THOUGH

Google's Not-So-Evil Plan To Lower Your Cable Bill

One of the more intriguing mysteries in the media/technology world is why Google GOOG -0.45% is building out broadband fiber data networks in a handful of American cities. Google says it’s just another attempt to create a profitable new business, but nobody seems to be buying that, judging from a panel discussion I watched at the National Cable Television Association’s Cable Show inWashington, D.C., on Monday.

The most intriguing theory about what Google’s really up to came from Jason Bazinet, an analyst who covers cable, satellite and entertainment at Citigroup C -2.72% Global Markets. In Bazinet’s view, Google Fiber is a regulatory play aimed at driving down the cost of a cable subscription.

For More 

http://www.forbes.com/sites/jeffbercovici/2013/06/11/googles-not-so-evil-plan-to-lower-your-cable-bill/