Patrick Pichette: is to quit when a replacement is found

Patrick Pichette, the chief financial officer responsible for handling Google’s increasingly frayed relationship with Wall Street, is to quit when a r(...)

Google shares climbed as much as 3 per cent in extended trading. Photograph: Francois Lenoir/Reuters

Google sales exceeded estimates in the second quarter as the company sold more advertising alongside web-search results. Revenue, excluding sales pass(...)

Amazon has reported a loss for the second quarter of the year as operating expenses rose 23 per cent to $15.6 billion. Photograph: Paul Faith/PA Wire

Online retailer Amazon has announced a surprise reversal in profits after another period of booming sales failed to offset a surge in costs.The intern(...)