SAN FRANCISCO – The co-founders of Google are stepping down as executives of its parent company, Alphabet, ending a remarkable two decades during which Larry Page and Sergey Brin shaped a startup born in a Silicon Valley garage into one of the largest, most powerful – and, increasingly, most feared – companies in the world.
Sundar Pichai, who has been leading Google as CEO for more than four years, will take on additional duties as Alphabet's CEO, the position held by Page. The company isn't filling Brin's position as president.
Page and Brin met as Stanford University graduate students in 1995 and started the company soon after.
What started as a way to catalog the growing internet has now become one of the most powerful companies in the world. Google dominates online search and digital advertising and makes the world's most widely used operating system for smartphones, Android.
It's hard to make it through a whole day without using one of Google's services – ranging from online tools to email, cloud computing systems, phones and smart speaker hardware.
State organizations plan skills initiative
The Indiana Manufacturers Association and Conexus Indiana announced Tuesday they will collaborate on talent development initiatives that will train current and emerging workers for careers in advanced manufacturing.
IMA's Indiana Federation for Advanced Manufacturing Education program and Conexus Indiana's Catapult Indiana program both offer tangible skills and career development opportunities to Hoosiers looking to enter the manufacturing industry, a news release said.
The partnership will coordinate efforts to expand and offer programs to communities across the state.
INFAME is a partnership of regional manufacturers. Catapult Indiana is an industry-led training program that equips unemployed and underemployed Hoosiers with skills for the advanced manufacturing field.
JC Penney maintains listing on NYSE
J.C. Penney is no longer at risk of having its stock delisted.
The retailer, based in Plano, Texas, said it received notice from the New York Stock Exchange on Monday notifying it that it had regained compliance. It originally was alerted its shares were at risk in early August.
Penney's minimum average stock price in the last 30 trading days gave it an average above the $1 minimum. Penney shares also had to close above $1 on the last trading day of the month under the NYSE rules.
It closed at $1.13 on Friday.
Huawei research to leave US for Canada
The founder of Huawei says the Chinese tech giant is moving its U.S. research center to Canada due to American sanctions on the company.
In an interview with Toronto's Global and Mail newspaper, Ren Zhengfei said the move was necessary because Huawei would be blocked from interacting with U.S. employees.
Huawei Technologies Ltd. is the No. 2 global smartphone brand and the biggest maker of network gear for phone carriers. U.S. authorities say the company is a security risk, which Huawei denies, and announced curbs in May on its access to American components and technology.