File - People are silhouetted as they pose with laptops in front of a screen projected with a Google logo, in this picture illustration taken in Zenica October 29, 2014. REUTERS/Dado Ruvic
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Google is creating a new company to oversee its highly lucrative Internet business and a growing flock of other ventures, including some – like building self-driving cars and researching ways to prolong human life – that are known more for their ambition than for turning an immediate profit.The new company will be called "Alphabet," Google CEO and co-founder Larry Page announced Monday. Page said he'll be CEO of the new holding company, while longtime Google executive Sundar Pichai will become CEO of Google's core business, including its search engine, online advertising operation and YouTube video service.Google's YouTube video division, however, will remain part of the core business under Pichai, although Page made a point of praising its chief, longtime ad executive Susan Wojcicki. Google historically has not reported earnings separately for the YouTube business.
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