Google Earnings Beat Estimates - Again

The Internet search and advertising giant, whose shares have risen more than $100 in the last month, said net income in the third quarter surged 46 percent compared with the period a year earlier. Sales rose 57 percent, topping Wall Street’s already bullish forecasts.

The results show that Google is growing roughly twice as fast as the overall online advertising market, which itself is booming, and that it is expanding far more quickly than any large Internet company.

Crude Oil Reaches Record $90 After Dollar Drops Against Euro
Crude oil rose to a record $90 a barrel in New York after the U.S. dollar fell against the euro, enhancing the appeal of commodities as an investment.

AMD 3Q Loss Deeper Than Expected
Advanced Micro Devices posted its fourth consecutive quarterly loss on Thursday but showed progress in curbing its expenses and capturing a share of strong demand for personal computers.

GM Increases Global Sales, May Whittle Toyota's Lead
General Motors Corp. posted a 4 percent gain in quarterly global sales, bolstering its bid to hold off Toyota Motor Corp.

Cyberwar: China Declares War On Western Search Sites
The NASDAQ listed Baidu dominates mainland search, in a big way due to its thorough indexing of illegal music and video and related search capabilities, a service that Google either refuses to or cant compete with.

It would seem that it’s not just MP3’s that bring Chinese users to Baidu, it appears that ISP level redirects do as well.

Petrochina will soon be world's top company

PetroChina, the state-controlled Chinese oil and gas group, this week overtook General Electric to become the world’s second-biggest company by market capitalisation. After it lists on the Shanghai stock exchange, which it is expected to do next month, it could even surpass ExxonMobil to become the world’s most valuable quoted business.

Labels: Takeaways for Today

This entry was posted by David Choi, on Thursday, October 18, 2007. You can leave your response.