Google Announces Profits, Misses Estimates Google Inc. (NASDAQ:GOOG)  announced its first quarter profit estimates on Thursday, with the results beating estimates by Analysts with the Internet Search Giant increasing investments in hiring and marketing. The net income for the first quarter rose to $2.3 billion by 18 percent or $7.04 per share, from the last
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The saying “After the rain the sun will shine again” has gained a real meaning for Google due to the permission granted by the Department of Justice to acquire ITA Software, a maker of travel search software. After being recently sanctioned by the Federal Trade Association for fraudulent privacy practices in the case of its Gmail application Buzz, Google has now taken its business to the positive side thanks to the settlement that allows the search giant to purchase the ITA venture through a deal worth 700 million dollars.

Google has undoubtedly come a too long way in internet technology to let it go that easy. This is why the corporation is trying its hands at social networking again, even if it is still paying for previous stumbles.

The e-commerce giant Amazon.com thinks it is a good idea since it has released a new online music service that allows users to upload songs and play them from a range of devices. And, although we are at the shopping category, don’t worry, it is free.

WeatherBill is a weather insurance start-up founded by ex-Google employees David Friedberg and Siraj Khaliq and consists of a team of software engineers and climatologists who collate weather data from various sources.

Apple Inc’s shareholders held their annual meeting on Wednesday, during which they approved a proposal giving them a bigger say in appointing directors, but rejected demands for the company to disclose a succession plan for its boss Steve Jobs, currently on medical leave.

The next generation of Google Android smartphones and tablets were officially presented at this year’s edition of the Mobile World Congress in Barcelona, congress which was the host of over 60,000 professionals from 200 countries.

Google Inc is planning to focus more on its enterprise business, although 96 percent of the company’s revenue in 2010 came from advertising, with now more than 1,000 employees working in Dave Girouard’s department.

With the ongoing competition in the smartphones and tablet computers market, Google Inc launched on Wednesday a new service meant to help publishers sell digital versions of newspapers and magazines, keeping the pace with rival Apple Inc, which had launched a subscription platform for digital media sold through its iTunes app store only a day earlier.

Attending the Mobile World Congress in Barcelona, Facebook founder Mark Zuckerberg replied to the rumors about a possible future Facebook phone, dismissing the idea of a company-branded handset, but telling the delegates to expect multiple devices built around the social network.