>>> Google : Announces plans for new operating structure; creates a new company



Announces plans for new operating structure; creates a new company named Alphabet Inc., of which Google will be a part 
- Google will become a wholly owned unit of Alphabet. Google financials to be reported separately from Alphabet
- Both classes of GOOG and GOOGL shares will continue to trade
- Page to be CEO of Alphabet, Brin to be Pres
- Sundar Pichai to be promoted to Google CEO