Google's stock price surpassed $500 for the first time Tuesday, marking another milestone in a rapid rise that has catapulted the Internet search leader into the corporate elite.
Continuing a recent surge driven by Wall Street's high expectations for the company, Google's shares rose $9.67, or nearly 2 percent, to $504.72 in morning trading on the Nasdaq Stock Market.
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Shelby Bonnie, chairman and chief executive of technology news publisher CNet Networks Inc., has resigned following a review of the company's stock-options practices, the company said Wednesday.
The company named Neil Ashe as its new chief executive, effective immediately.
CNet said a special committee established to investigate the company's past granting of stock options found instances of backdating, a practice that can inflate the potential windfall to recipients when options are exercised. The company said a number of executives,...
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It was like a Wall Street version of one of those Keystone Cops comedies of the 1930s, but at least one investor wasn't laughing. According to his stockbroker, he almost had a heart attack as a result of what appeared to be an enormous plunge Thursday in after-hours trading in the price of the high-flying shares of Internet search engine Google.
Here's what happened. On Thursday, trading in Google wrapped up the day at $387.12 a share at the usual closing time of 4 p.m. A minute after the close, Google announced its second-quarter results:...
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Yahoo CEO Jerry Yang will step down from his job as CEO, said...
