Michael Trager

Covering all the Angles on Wall Street.

Latest from Michael Trager

Google Looking For Ways To Make Mobile Search Pay

According to today’s New York Times (nytimes.com), Google says mobile searches are growing as quickly as Web searches were at the same stage in the company’s early days, and they are up sixfold in the last two years. Google has a market share of 97 percent for mobile searches, according to StatCounter, which tracks Web ...

SOHU Beats Expectations, Shares at All Time Highs

Chinese Internet portal Sohu.com Inc. said its first-quarter net profit rose 48% from a year earlier, beating expectations due to strong advertising and online gaming revenue growth, and it gave an upbeat revenue outlook. Sohu also said its online gaming unit Changyou.com Ltd. will buy a majority stake in another Chinese game developer, a move ...

Hedge Funds Hiring

Hedge fund managers are more optimistic this year about hiring and growth in the industry, according to recent survey results reported at fins.com, a career oriented website related to the Wall Street Journal (wsj.com) and Barron’s (barrons.com). Record inflows in 2010 will spark hiring, according to Rothstein Kass, the New York-based accounting and consulting firm ...

Google Revenue, Earnings, Costs Climb

Google (ticker symbol GOOG) has reported their quarterly results, showing increases in revenues, earnings, and operating costs. On Thursday, April 14, the internet search giant reported an 18% increase in net earnings on a 27% jump in revenue, indicative of increasing money flow into internet advertising. However, in order to try to keep up and ...