Google's Ups, Downs: Morning Tech Bytes
NEW YORK (
) --
(GOOG) - Get Report
is up 1.1% in pre-market trading Wednesday, even as valuation concerns over a possible $6 billion deal with popular daily deals site
Groupon
spooked investors Tuesday and caused
The stock also dropped on news that
European regulators launched an antitrust investigation
into Google's search practices.
Google also announced Wednesday that its
, set to challenge
Amazon
(AMZN) - Get Report
, would debut in the U.S. by the end of this year.
JPMorgan
(JPM) - Get Report
is distributing iPads to its investment bankers, as
Apple
(AAPL) - Get Report
continues to encroach on
Research in Motion's
(RIMM)
dominance in the corporate market.
Employees will be able to keep the iPads until the pilot program ends in May of next year,
Bloomberg News
reported.
Shares of Apple rose 1.0% to $314.43 in pre-market trading.
Motorola
(MOT)
said Tuesday that the separation of its company into two publicly-traded entities will be completed on Jan. 4. The company will change its name to Motorola Solutions and will trade on the NYSE under ticker MSI. The handset division will be named Motorola Mobility Holdings and will trade under MMI.
Shares of Motorola rose 2.4% to $7.84 in pre-market trading.
Venture capital firm Kleiner Perkins is set to invest in
at a $4 billion valuation, according to
TechCrunch
. Russian firm Digital Sky Technologies is also reportedly interested in contributing to the company's latest funding round.
--Written by Olivia Oran in New York.
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