Google morphs into Alphabet, investors cheer clarity

Google morphs into Alphabet, investors cheer clarity

A logo is pictured at Google's European Engineering Center in Zurich April16, 2015. REUTERS/Arnd Wiegmann

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.

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