Offering few surprises, Apple Inc shares did not react strongly.
Has Steve Jobs' handpicked successor inherited the magic touch or is Apple's winning streak coming to an end?
Google Inc announced a surprise overhaul of its operating structure on Monday, creating a holding company called Alphabet to pool its many subsidiaries and separate the core web advertising business from newer ventures like driverless cars.
The valuation was more conservative than the $15 billion some analysts had expected for the social media phenomenon, potentially attracting investors who might consider the money-losing company's listing price a better deal, with room to rise.
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