Google Inc (GOOG) on February Uptrend Holding $610 Per Share Today

Google’s (NASDAQ:GOOG) stock has rebounded nicely in the month of February. Shares are trading supportively above $600 per share as investors are back to being impressed by double digit revenue growth at a $200 billion market cap company. Here’s the latest news on Google (NASDAQ:GOOG) today:

Google (NASDAQ:GOOG) said that should it complete its proposed acquisition of Motorola Mobility (NYSE:MMI), it will honor Motorola Mobility’s existing essential patent licensing commitments and grant new ones going forward with “a maximum per-unit royalty of 2.25%,” AllThingsDigital reports. When applied against a device’s selling price, like the Apple’s (NASDAQ:AAPL) iPhone, it’s sizable.

Yahoo’s (NASDAQ:YHOO) share of the U.S. Internet search market dropped 1% between November 2011 and January 2012, notes Business Insider, which cited comScore data. Google (NASDAQ:GOOG) appears to have picked up most of Yahoo’s lost market share, and as of last month it had a 66.2% share of U.S. Internet searches, according to the publication.

The Justice Department is expected to approve Google’s (NASDAQ:GOOG) $12.5B proposed purchase of Motorola Mobility (NYSE:MMI) as early as next week, sources tell the Wall Street Journal. However, the sources note that antitrust authorities in the U.S. and Europe are concerned about Google’s commitment to license Motorola patents to competitors on fair terms.

Google (NASDAQ:GOOG) will soon launch a cloud storage service called Drive that would rival start-up cloud storage provider Dropbox, sources say, reports the Wall Street Journal.

Craig Silverstein, Google’s (NASDAQ:GOOG) first employee, will leave the company to join Kahn Academy, All Things Digital reports, citing on education-tech entrepreneurship EdSurge. Silverstein has had a variety of technology jobs at the company.

Google (NASDAQ:GOOG) may be preparing to open its first stand-alone retail store in Dublin, the site of its European headquarters, according to a filing, reports Bloomberg.

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To contact the reporter on this story: Derek Hoffman at staff.writers@wallstcheatsheet.com

To contact the editor responsible for this story: Damien Hoffman at editors@wallstcheatsheet.com