BizNews Blog

Google Inc. announced on Wednesday (11/5) has been spending US$ 141 million during the first quarter that ending March to 15 acquisitions and asset purchases.

“This acquisition is not material either individually or collectively,” Google said in a regulatory filing. The giant internet search site said around US$ 54 million of the total purchase will be allocated to patents and technology development.

“This is because the patents and technology developed benefit period averaged 3.7 years,” said Google. The company, which based in Mountain View, California, has reported first quarter financial results last month.

European Bank are competing to increase their capital. However, this should be done carefully in order not to repeat the tragedy of the Titanic.

Sinking of the Titanic was caused by an imbalance between security and cost. The amount of lifeboats is not sufficient for all passengers. This also seems to be wary by European bank that rush to increase capital with less attention to risk.

European bank rush to increase additional capital. UBI Banca Italy has increased the capital of 1 billion euros (US$ 1.4 billion) at the end of March. This week, Intesa Sanpaolo, Italy’s second largest state bank, said they will increase the fund 5 billion euros. Commerzbank of Germany also joined this action. They plan on April 6, collecting 8.3 billion euros by Read it all..