S&P downgrades Google stock on Motorola deal plans
Google stock and the federal government now have something in common: they've both been downgraded by Standard & Poor's.
Of course, being downgraded by the ratings agency that famously whiffed on highly questionable real estate bonds might be considered a badge of honor in some circles. But the move by S&P does point to considerable market fears about Google's gutsy decision to buy Motorola Mobility for $12.5 billion. Shares of Google were down more than 3 percent today to $539.
S&P equity researchers downgraded Google stock today to a "sell" … Read more