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Google To Buy YouTube For $1.65 Billion – Company Will Be Largest Video Distributor on Internet

Google To Buy YouTube For $1.65 Billion – Company Will Be Largest Video Distributor on Internet

Chen and Hurley

The fastest growing company of all-time, Google, will be buying the upstart company, YouTube for $1.65 billion. YouTube is less than two years old, but has become the most popular video sharing site on the Internet.

YouTube plays more than 100 million video clips per day, drawing a viewship greater than some cable television channels. Just one year ago, Yahoo led the online video market with 85 percent of the viewers. It is estimated that YouTube now holds 46 percent of the share. Google’s share of the video market was only 11 percent, while Yahoo now lags with only 6 percent.

Google might buy YouTube for $1.6 Billion

Google might buy YouTube for $1.6 Billion

YouTube's website

Reports and rumors of Google entertaining the thought of purchasing YouTube website for $1.6 Billion are floating throughout the web after a report by The Wall Street Journal this Friday.

YouTube is a website that is a free site that allows anyone to upload and view videos on this website. It grew in popularity overnight, and in only 20 months and is ranked number 10 according to Alexa website ranking. YouTube is the most popular video sharing website and is estimated to have approximately 46 percent of the U.S. internet users attention for video.

Wal-Mart to sell over 300 Generic Prescription Medications for under $4

Wal-Mart to sell over 300 Generic Prescription Medications for under $4

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Wal-Mart is driving a hard bargain for competitors in the Pharmacy by offering 300 different generic prescription drugs for $4 for a months supply. The average price for generic medication ranges from $10 - $30.

Currently Wal-Mart has started doing a test run in 65 stores in the surrounding area of Tampa, Florida. If it is successful Wal-Mart will continue to offer the discounted rates to other Wal-Mart stores next year.

The prescription medications include commonly used medications to treat allergies, high blood pressure, cholesterol, and diabetes. The $4 price is for both the insured as well as the uninsured.

Yahoo Shares Fall on Reports of Lower Advertising Sales and Revenue – Ripple Hits Google eBay and Amazon

Yahoo Shares Fall on Reports of Lower Advertising Sales and Revenue – Ripple Hits Google eBay and Amazon

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Yahoo! says that sales this quarter will be at the low end of the forecast spectrum. Slower advertising demand from automakers and financial service providers made the difference. “We have seen a little bit of weakness in the last three or four weeks,'' Chief Financial Officer Susan Decker said today at a Goldman, Sachs & Co. conference in New York. “It is having an impact on our quarter.''

The price of Yahoo! shares dropped $3.43 to $25.57 at 12:39 PM (EST) in the NASDAQ Stock Market composite trading. Google shares dropped $17.24 or 4.2 percent as well, to $397.45. This prompted a drop in both eBay and Amazon shares.

Ford and General Motors Discuss Possible Merger – Industry Sources Say Negotiations Include Alliance

Ford and General Motors Discuss Possible Merger – Industry Sources Say Negotiations Include Alliance

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Ford and General Motors may be discussing a possible merger or alliance. Both companies have been hit by stiff competition from Toyota and other Japanese automakers forcing the two companies to lay off employees and trim production.

The industry publication, Automotive News, says that senior “executives at General Motors and Ford Motor Co. have discussed a merger or alliance, according to several sources familiar with the talks”. They add that the negotiations may not be fruitful, but it does appear the two companies are holding talks. One source told the agency that there is a “slim chance” that anything will come from the talks.

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