Business briefs

For Wednesday, February 20, 2013

By Star-Advertiser Staff and News Services

POSTED: 01:30 a.m. HST, Feb 20, 2013

~~Renewed fervor for Google lifts stock above $800
SAN FRANCISCO >> Google’s stock price topped $800 for the first time Tuesday amid renewed confidence in the company’s ability to reap higher profits from its dominance of Internet search and prominence in the growing mobile market. The milestone comes more than five years after Google’s shares initially hit $700. Not long after breaking that barrier in October 2007, the economy collapsed into the worst recession since World War II, and Google’s stock tumbled into a prolonged malaise that eventually led to a change in leadership.
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Renewed fervor for Google lifts stock above $800

SAN FRANCISCO >> Google’s stock price topped $800 for the first time Tuesday amid renewed confidence in the company’s ability to reap higher profits from its dominance of Internet search and prominence in the growing mobile market. The milestone comes more than five years after Google’s shares initially hit $700. Not long after breaking that barrier in October 2007, the economy collapsed into the worst recession since World War II, and Google’s stock tumbled into a prolonged malaise that eventually led to a change in leadership. Login for more...