Friday, July 21, 2006

Stories today: China, Google, Microsoft

China's Farms Losing $2.5 Billion a Year to Industrial Pollution BEIJING (AP) -- China's farms are losing more than 20 billion yuan ($2.5 billion) a year to industrial pollution that leaves grain tainted with mercury and other heavy metals, a government agency said Friday.
ZapperGirl gives you more info here

Google Winning the Search Engine Wars SAN FRANCISCO (AP) -- Google Inc.'s second-quarter profit seems likely to erase any lingering doubts about which Internet company rules the Web. While rivals eBay Inc. and Yahoo Inc. merely matched analysts' earnings expectations, Google on Thursday soared well beyond Wall Street's financial hurdle -- just like the online search engine leader has done in all but one quarter since it went public nearly two years ago. "Google is clearly winning the battle," said Internet analyst Derek Brown of Pacific Growth Equities. "These are almost logic-defying results."

ZapperGirl gives you more info here

Microsoft profit falls on higher costs; sales rise 16%;
Stock jumps in evening trading as $40 billion buyback is planned LOS ANGELES (MarketWatch) -- Shares of Microsoft Corp. rallied in pre-open trading Friday after the company said quarterly profit dropped 24% as higher expenses and legal charges hurt its bottom line, but revenue rose more than expected on stronger sales of server software and Xbox 360 video-game consoles.
ZapperGirl gives you more info here


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