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The Closing Bell: U.S. Stocks Rise As Greek Uncertainty Ebbs: Nasdaq Sets New Record High
Google's Class A shares (NASDAQ:GOOGL) are now up 11.5% AH, and its Class C shares (NASDAQ:GOOG) up 10.7%, following the Web giant's Q2 beat. Both share classes are making new 52-week highs
More Markets Heard on the Street By Dan Gallagher WSJ July 16, 2015 7:21 p.m. ET Google Gets Starting Bonus Google’s new finance chief is making the right noises on costs, but there is much still to prove In closing that gap, Ms. Porat has her work cut out for her. At Morgan Stanley, she presided over a cost-cutting program so stringent that employees were nervous about using their BlackBerrys. In Google, she has joined a Silicon Valley paragon that still provides free gourmet meals for the thousands of new hires who join its ranks each year. On the conference call, Ms. Porat said Google remained committed to big ideas and big growth but added that “pursuing revenue growth is not inconsistent with expense management.” It is an encouraging message but not easy to pull off and yet to substantiated—which makes the stock’s recent surge look premature.
Comments
Dow Jones 18,120.25 0.39%
Nasdaq 5,163.18 1.26%
Technology 1.18%
GOOGL 601.78 3.05%
601.78 +17.82 (3.05%)
After Hours: 671.60 +69.82 (11.60%)
Jul 16, 6:39PM EDT
http://seekingalpha.com/news/2634955-google-now-up-over-10-percent-cost-cuts-mobile-youtube-growth-discussed-on-cc
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Markets Heard on the Street
By Dan Gallagher WSJ
July 16, 2015 7:21 p.m. ET
Google Gets Starting Bonus
Google’s new finance chief is making the right noises on costs, but there is much still to prove
In closing that gap, Ms. Porat has her work cut out for her. At Morgan Stanley, she presided over a cost-cutting program so stringent that employees were nervous about using their BlackBerrys. In Google, she has joined a Silicon Valley paragon that still provides free gourmet meals for the thousands of new hires who join its ranks each year.
On the conference call, Ms. Porat said Google remained committed to big ideas and big growth but added that “pursuing revenue growth is not inconsistent with expense management.” It is an encouraging message but not easy to pull off and yet to substantiated—which makes the stock’s recent surge look premature.
http://www.wsj.com/articles/google-gets-starting-bonus-1437088861
Hero for at least one day!
http://investors.morningstar.com/ownership/shareholders-concentrated.html?t=GOOG®ion=usa&culture=en-US&ownerCountry=USA