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Strong Earnings From Google And Ebay Help Push Dow Jones Industrials To Record Levels – Up Near 13,000 - S&P 500 And NASDQ Up To

Strong Earnings From Google And Ebay Help Push Dow Jones Industrials To Record Levels – Up Near 13,000 - S&P 500 And NASDQ Up Too

Dow Jones
Google Chart

(Best Syndication) The Dow Jones Industrials closed at a record high on Friday coming within just 35 points of 13,000. As earnings of some companies including Google and eBay have come in. Some believe this pushed the Dow to the new record. But the Dow is not the only Index showing growth.

This past week the Dow rose 2.8 percent, the S&P gained 2.2 percent and Nasdaq rose 1.4 percent. According to Reuter’s estimates of the 101 companies in the Standard & Poor's 500 Index that reported results last week, 70 beat consensus earnings-per-share estimates, 14 met expectations and only 17 missed their targets.

Google Renames Froogle – Free Product Search And Listing Service offers New User Interface And Google’s Checkout Functionality

Google Renames Froogle – Free Product Search And Listing Service offers New User Interface And Google’s Checkout Functionality

Google Product Search

(Best Syndication) Google announced Wednesday that their free product listing service, Froogle, will be called Google Product Search. Marissa Mayer, Google Vice President of Search & User Experience says that they have also made some changes to the product search user interface (UI).

Google has offered their free listing service for individuals and companies. Recently Google has been promoting their proprietary checkout service which operates similar to Paypal. “We're also excited about how Google Checkout can help searchers have a fast and secure purchase experience, so the new interface makes it easier to buy with Checkout,” Mayer said.

AMD suffers $611 million Loss for First Quarter 2007

AMD suffers $611 million Loss for First Quarter 2007

AMD Geode™ LX900@1.5W Processor - AMD

[Best Syndication] Advanced Micro Devices Inc. (AMD) reported a first quarter loss for 2007. AMD is the second largest computer CPU processor manufacturer for PC’s. They suffered the loss due to a price cut in an attempt to retain market share and not lose it to Intel Corp.

AMD reported to its stock holders that they had a total Q1 2007 revenue of $1.233 billion, an operating loss of $504 million, and a net loss of $611 million, or $1.11 per share.

Last year at this time AMD reported total Q1 2006 revenue of $1.332 billion and operating income of $259 million.

One reason for part of the loss in Q1 2007 is the purchase of ATI Technologies Inc. ATI is a chipset and video graphic card company. This purchase cost $113 million.

Yahoo Works Out Deal With McClatchy Newspapers – Gannet and the Tribune Company Reluctant To Sign Up – Google Shares Rise

Yahoo Works Out Deal With McClatchy Newspapers – Gannet and the Tribune Company Reluctant To Sign Up – Google Shares Rise

Yahoo News

(Best Syndication) Yahoo shares gained 20 cents to close at $31.61 on news of an agreement struck between the Internet site and McClatchy Co., the nation's third-largest newspaper publisher based on circulation. Google shares were up $7.98 to finish at $474.27 per share on the news; while McClatchy shares fell 27 cents Monday to close at $31.19 on the New York Stock Exchange.

Although Yahoo is still a major player, the company has lost ground to Google in serving of news stories. Yahoo has limited sources for news including Reuters, Associated Press, but little else. Google offers over 4,500 news sources including AP, Reuters, UPI, and nearly every local paper in the world. If you want the scores for a local high school football game, you are more likely to get them from Google News.

Number One Search Provider Google Buys DoubleClick For $3.1 Billion – Provides Internet Banner and Video Advertising Solutions

Number One Search Provider Google Buys DoubleClick For $3.1 Billion – Provides Internet Banner and Video Advertising Solutions

Stock Photo

(Best Syndication) Google Inc. will buy DoubleClick Inc. for $3.1 billion in cash from San Francisco-based private equity firm Hellman & Friedman and JMI Equity and management. Both Microsoft and Google were competing for the banner-ad company, but in the end Google paid over 20 times DoubleClick's estimated revenues of $150 million.

DoubleClikck provides advertising services for About.com, Ford Motor Company and many other large clients. Although properly placed text-ads tend to be more effective, there is still a market for DoubleClick image ads. The company has also done some work with video. Video advertising has become effective, but this form of marketing has become annoying to some visitors.

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