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Google Inc (GOOG) News: $1.3 Billion Move, Apple Inc. (AAPL) A Fighting Opponent & More

Editor’s Note: Related tickers: Google Inc (NASDAQ:GOOG), Apple Inc. (NASDAQ:AAPL), Best Buy Co., Inc. (NYSE:BBY), GameStop Corp. (NYSE:GME), Wal-Mart Stores, Inc. (NYSE:WMT), Staples, Inc. (NASDAQ:SPLS), Office Depot Inc (NYSE:ODP), Amazon.com, Inc. (NASDAQ:AMZN)

Larry Page and Eric Schmidt, Google FoundersApple’s two-front war: Google and China (BizJournals)
Apple Inc. (NASDAQ:AAPL) finds itself fighting opponents on two fronts: Google Inc (NASDAQ:GOOG) at home, and Samsung in China. It’s doing OK in one but getting pasted in the other. In China, which offers a huge opportunity for Apple Inc. (NASDAQ:AAPL), revenue slumped 43 percent in the most recent quarter, Reuters reports. Samsung now owns 19 percent of the $80 billion smartphone market there, according to the report, and Apple Inc. (NASDAQ:AAPL)’s strategy to combat that is less than clear. Domestically, Apple Inc. (NASDAQ:AAPL) is faring better in its tussle with Google Inc (NASDAQ:GOOG) to be the predominant player in TV, education and tablets. The Puget Sound Business Journal offers a breakdown of performance in these three categories. So will Apple Inc. (NASDAQ:AAPL) respond in a typically Apple Inc. (NASDAQ:AAPL) fashion and roll out incredible new gadgetry? The New York Times takes a stab at guessing what those products might be.

Claim on Google Inc. (NASDAQ:GOOG) by Foundem (eFinanceHub)
Google Inc (NASDAQ:GOOG) lost a proposal to delay reports in London antitrust case, until after the resolution of a European Union inquiry initiated by the same company that filed the U.K. lawsuit. Peter Roth, judge told Google Inc (NASDAQ:GOOG) to provide Foundem, a shopping assessment website, with documents linked to four of five claims in the lawsuit. Google Inc (NASDAQ:GOOG) had claimed that further European Commission discoveries might refute some of Foundem’s claims. …Bristows LLP, Lawyers at Google Inc (NASDAQ:GOOG)’s law firm and Jenny Craig, an outside spokeswoman for Google Inc (NASDAQ:GOOG) both declined to comment.

Google put $1.3 billion into acquisitions in first half of year (BizJournals)
Google Inc (NASDAQ:GOOG) has poured $1.3 billion on 16 acquisitions so far this year, the biggest being its $966 million deal to buy Waze. All Things D reports the deals also included the acquisitions of Makani Power and Wavii. During the period, Google Inc (NASDAQ:GOOG) also sold its Motorola Home unit to Arris for $2.238 billion in cash, along with $150 million in closing adjustment and $175 million in stock.

How new Google Nexus 7 compares with rivals (PostBulletin)
Google Inc (NASDAQ:GOOG) has announced new versions of its Nexus 7 tablet computers. It has better features and a higher price tag. The new models are available in the U.S. starting Tuesday through Google Inc (NASDAQ:GOOG)’s online Play store and the following retailers: Best Buy Co., Inc. (NYSE:BBY), GameStop Corp. (NYSE:GME), Wal-Mart Stores, Inc. (NYSE:WMT), Staples, Inc. (NASDAQ:SPLS), Office Max, Office Depot Inc (NYSE:ODP), Amazon.com, Inc. (NASDAQ:AMZN), Home Shopping Network, Radio Shack, J&R and B&H Photo. A version with 4G LTE cellular capability is coming later. It’s coming to United Kingdom, Canada, Germany, Spain, France, Japan, Korea, and Australia in the coming weeks and to other countries after that.

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