Change my location 
Eric Schmidt
|
Biogen Idec's 2Q profit rises 11 percent
A surge in multiple-sclerosis drug sales drove an 11 percent boost in Biogen Idec Inc.'s second-quarter profit, prompting the biotechnology company to boost its full-year outlook and aim for record revenue of $4 billion.  Google shares plummet after disappointing earningsGoogle Inc. shares plunged nearly 10 percent Friday after the Internet search leader's second-quarter earnings missed analysts' expectations.
Economic worries loom over Google's 2Q earnings
Google Inc. has successfully tackled a lot of complex problems during its first decade in business, but even the Internet search leader may be hard pressed to find a way to sustain its rapid earnings growth amid a sputtering economy in the United States and parts of Europe.
Summary box: Google gives give new reason to worry
RED FLAG: Although its growth rate remains impressive, Google's earnings missed analyst estimates and CEO Eric Schmidt acknowledged the economic climate is "challenging."
Lions Gate to share ad revenue on clips on YouTube
Google Inc. said Wednesday that it will partner with filmmaker Lions Gate Entertainment Corp. to share revenue from ads that Google places on YouTube clips from the studio's movies.  Schmidt: Independent Yahoo better for competitionGoogle Inc. backs Yahoo in its effort to stave off an unsolicited takeover by Microsoft Corp. because an independent Yahoo will increase competition in the Internet search and advertising markets, Google Chief Executive Eric Schmidt said here Thursday. |
 |