Market News – 13Oct2015

  • Goldman Sachs will tweet and post earnings news itself, bypassing business wire services
  • London Stock Exchange to sell Russell Investments to TA Associates for US $1.15 bn
  • Visa to launch threat intelligence portal in partnership with FireEye
  • Saxo Payments looks to serve ecommerce growth with global payments infrastructure
  • A Symphony partner aims to enhance workflow with personalized, relevant data

Regarding Goldman Sachs news, the switch to direct news release will give Goldman Sachs more control over dissemination of its data. The firm had reportedly considered making this type of change for a while, and the increasing use of Twitter for data dissemination helped speed the decision, the Wall Street Journal reported. The Securities and Exchange Commission (SEC) started allowing companies to use social media to disclose material corporate information 2 years ago in 2013 and a growing number of other firms have followed suit, including Twitter itself.

Google Announces Financial Results For Q3 2010

October 14, 2010 by · Leave a Comment
Filed under: Americas, Finance, Internet, New Media, Technology 

http://t2.gstatic.com/images?q=tbn:ANd9GcSVJyK9jcxHEi9q5g4JcLTcJj02gKN94dYRmbXI74busd2GTlI&t=1&usg=__y__WnKfIx3nHCb2giejdiN4Wlw4=MOUNTAIN VIEW, CA, October 14, 2010 – Google Inc. (NASDAQ: GOOG) today announced financial results for the quarter ended September 30, 2010.

“Google had an excellent quarter,” said Eric Schmidt, CEO of Google. “Our core business grew very well, and our newer businesses — particularly display and mobile — continued to show significant momentum. Going forward, we remain committed to aggressive investment in both our people and our products as we pursue an innovation agenda.”

Q3 Financial Summary
Google reported revenues of $7.29 billion for the quarter ended September 30, 2010, an increase of 23% compared to the third quarter of 2009. Google reports its revenues, consistent with GAAP, on a gross basis without deducting traffic acquisition costs (TAC). In the third quarter of 2010, TAC totaled $1.81 billion, or 26% of advertising revenues.

Google reports operating income, operating margin, net income, and earnings per share (EPS) on a GAAP and non-GAAP basis. The non-GAAP measures, as well as free cash flow, an alternative non-GAAP measure of liquidity, are described below and are reconciled to the corresponding GAAP measures in the accompanying financial tables. Read more

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