Google Confounds European Investors
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Web surfers from Beijing to Berkeley have made Google their search engine of choice, but some of Europe's institutional investors have gone sour on the dot-com on the eve of its initial public offering.
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Europe&#39;s main stock markets faltered on Thursday following heavy losses on Wednesday triggered by an increase in eurozone interest rates, dealers said.
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In spite of Google's annual revenue growth of 52%, many Wall Street analysts are now advising their clients to hold off on buying Google stock. Has Microsoft's bid for Yahoo made that much of a dent, or are there other factors at play?
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Google is being investigated by the European Union over possible violation of the bloc's privacy rules. At issue is the search engine's practice of retaining user information for up to two years.
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A surprise jump in hiring and operating expenses shook investor confidence in Google Inc.  for the second time in its three years as a public company, sending its shares down 6 percent on Friday.
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Europeâs major consumer group said Wednesday that it feared Google Inc.âs takeover of DoubleClick Inc. would damage European Union privacy rights and limit consumersâ choice of Web content.
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Web search leader Google Inc.  on Thursday reported a 28 percent rise in profits that fell short of consensus expectations, despite rapid international growth and market share gains over rivals.
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Google attacked European  parliamentarians and privacy advocates on Monday for trying to  have competition authorities consider the handling of personal  information in its $3.1 billion takeover of rival DoubleClick.
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Rivals to Internet search giant Google Inc. rode the momentum of its long-awaited initial public offering and saw mixed gains in early trading Thursday, but sank near the closing bell as Google&#39;s shares remained
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In what is being described as an unusual move, members of the European Parliament are urging trade regulators to expand their review of Google's proposed $3.1 billion purchase of DoubleClick.
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European equities fell on Thursday as technology shares lost ground after Cisco Systems (NASDAQ:CSCO) in the US warned of weak demand.
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Google attacked European parliamentarians and privacy advocates on Monday for trying to have competition authorities consider the handling of personal information in its $3.1 billion takeover of rival DoubleClick.
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Europe's bourses are expected to track the climb on the Nasdaq overnight and open slightly firmer. Ericsson though is likley to suffer following a disappointing update and VW will be in focus after rejecting an union pay cuts offer as insufficient.
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Google is facing mounting protests from newspaper publishers in Europe, the impact of which could ultimately affect the amount of content available to end users through search engines.
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Equities fall as Europe fears a wider economic slump.
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European shares fell on poor earnings  news on Friday as investors looked past China's surprise rate  hike to key U.S. Q3 gross domestic product data for the next  read on the health of the world's largest economy.
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Web surfers from Beijing to Berkeley have made Google their search engine of choice, but some of Europe&#39;s institutional investors have gone sour on the dot-com on the eve of its ...