Marcio Jose Sanchez, Associated Press
MOUNTAIN VIEW, Calif. (AP) — Google says it has launched a new health company, called Calico, that will focus on aging and related diseases.
The Internet search giant said Wednesday that the company will be headed by Arthur Levinson, the current chairman and former CEO of biotechnology company Genentech and the chairman of Apple Inc. He will stay in his current positions.
Google Inc. CEO Larry Page says on his Google Plus page that shareholders shouldn't be surprised if Google invests in projects that seem "strange or speculative" compared with its Internet businesses. He says Google sees potential for technology "more generally to improve people's lives."
Google is not giving much detail on Calico. The company says the venture is still in its early days.
- Utah's largest oil producer lays off 80...
- Failed resort embittered friends, Marc Jenson...
- Profiting as a Super Bowl host city...
- 5 reasons your most talented employees will...
- McDonald's CEO steps down as sales decline
- Balloon crew surpasses distance record in...
- How can Google snap its stock out of its stupor?
- Markets brace for Big Oil profit plunge
- Lawmakers looking to pump up gas tax... 62
- Business community supports tax... 22
- Utah's largest oil producer lays off 80... 13
- McDonald's CEO steps down as sales decline 7
- After setting iPhone record, what does... 4
- Greek radical left wins election,... 3
- US consumer confidence jumps to 7... 3
- Knocking doors: What to know before... 3