Google to reorganize into new company called Alphabet

‘Google is not a conventional company. We do not intend to become one’ writes co-founder Larry Page in announcing the news after stock markets closed

Google is dead. Long live Alphabet. The tech company announced on Monday that it would rebrand itself Alphabet – a new holding company whose largest wholly owned subsidiary will be Google.

In a blogpost made public after the stock markets closed Larry Page, Google’s co-founder, wrote: “As Sergey [Brin, co-founder] and I wrote in the original founders letter 11 years ago, ‘Google is not a conventional company. We do not intend to become one.’ As part of that, we also said that you could expect us to make ‘smaller bets in areas that might seem very speculative or even strange when compared to our current businesses’. From the start, we’ve always strived to do more, and to do important and meaningful things with the resources we have.”

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Chinese hack of US national security details revealed days after Russian hack

Government sources tell NBC News that Chinese attack targeted personal emails of ‘all top national security’ officials just days after Pentagon hack

The ongoing saga of successful foreign hack attacks on government databases continued Monday with news of another break-in allegedly perpetrated by China.

Just days after the reported spear-phishing attack on the Pentagon’s Joint Staff email system, which exposed some 4,000 civilian and military employees and is believed to have been sponsored by Russia, anonymous government sources told NBC News that a separate set of Chinese hack attacks targeted the personal emails of “all top national security and trade officials”.

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Adobe extends paid parental leave for primary caregivers to 16 weeks

The software company will also offer four weeks with full pay to non-primary caregivers as part of tech industry push to sweeten benefits to retain top talent

Adobe is the latest tech company to extend its paid parental leave policy after Netflix said it would offer corporate employees up to a year of paid leave to care for new babies.

Adobe Systems Inc said Monday that it will offer parents who are the primary caregivers 16 weeks of paid leave after the birth or adoption of a child. That’s in addition to 10 weeks of paid medical leave following childbirth, so a new mother could take a total of 26 weeks off – up from the current nine weeks.

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