Business

Google Finally A Holding Company Under Alphabet Name

Google becomes Alphabet

Google has decided to reorganize itself into a holding under the name of Alphabet. Google co-founder, Larry Page has announced the change in Google corporate structure to become a holding company with a disparate collection of businesses.

The new company, Alphabet, will be run by Google co-founders, Larry Page and Sergey Brin. Based on Larry Page's announcement, it appears the new structure may look like this:

Apple Stock Undervalued, says Activist Investor Carl Icahn

Outspoken self declared activist investor Carl Icahn has published an open letter to Tim Cook, the CEO of Apple, urging him to buy back a large chuck of Apple stocks in order to popup the price. According to Carl Icahn, the stock of Apple is undervalued and could fall to below $95.00 if the buy back does not happen. He believes that, if rightly valued, Apple's share price should be around $203.

Bloomberg is back... to Bloomberg L.P.

It was announced today that the business magnate and former New York Major, Michael Bloomberg, has decided to return to lead his business empire, Blooomberg, L.P. The decision was made only 8 months after he finished his third term as New York mayor. While some had thought that the 72 year-old Michael Bloomberg would focus on charity work and other ventures outside his company, those who know him better must alwas have believed it was only a matter of time, before he decides to reoccupy his chair.

Apple and Housing: Hot Tech Stock As Housing Warms Up

Apple®, has been having rough days early this year. Not anymore. The improvement in Apple’s stock coincides with a warmup in the housing market.

New-home sales had declined 4.2 percent over the past 12 months. They are up now, having increased by 6.4% in April 2014, to a seasonally adjusted annual rate of 433,000, according to the US Department of Commerce.