Google shares hit all-time high
CBC News
Posted: Sep 24, 2012 1:54 PM ET
Last Updated: Sep 24, 2012 4:03 PM ET
Shares in online search giant Google reached an all-time high Monday, just three days before its 14th birthday. (Torsten Silz/Associated Press/DAPD)
Related
Related Stories
Shares in online search giant Google reached an all-time high Monday of $750.04 US, just three days before its 14th birthday.
The shares, which are up 13 per cent this year, closed up $15.39, or more than two per cent, at $749.38.
Google had been lagging much of the stock market earlier this year amid concerns about regulators' investigations into the company's business practices and its recently completed $12.4 billion acquisition of cell phone maker Motorola Mobility.
Google eased some of the worries about Motorola becoming a financial albatross last month when it announced plans to lay off about 20 per cent of Motorola's workforce, or about 4,000 workers.
Investors have also been betting that the antitrust investigations in Europe and the U.S. will be resolved without weakening Google's moneymaking prowess.
Google has also made strides with its Android mobile phone technology, which research firm IDC estimates dominated the global smartphone market in the second quarter, with a 68 per cent share, compared with Appleās 17 per cent.
With files from The Associated PressShare Tools
Top News Headlines
- Sopranos star James Gandolfini dies in Italy
- James Gandolfini, whose portrayal of a brutal, emotionally delicate mob boss in HBO's 'The Sopranos' helped create one of TV's greatest drama series and turned the mobster stereotype on its head, died Wednesday in Italy. He was 51. more »
- B.C. First Nation sets fires to save bison
- A First Nation band is reviving the age-old practice of controlled burning in order to improve the health of forests and restore the population of the wood bison in a corner of northeastern B.C. more »
- Canada buys rare War of 1812 collection for $573K
- The government of Canada was the winning bidder for a large collection of letters, maps and other papers that once belonged to Sir John Sherbrooke, the lieutenant-governor of Nova Scotia who conquered Maine for the British during the War of 1812. The collection sold for $573,000 at auction in London. more »
- Bob Rae quits as MP in 'very emotional' decision
- Bob Rae, who has represented the Toronto Centre riding for the Liberals since 2008, is stepping down as a Member of Parliament to devote more time to his work as a negotiator for First Nations in Northern Ontario. more »
Must Watch
Latest Business Headlines
- Orascom withdraws bid for control of Wind Mobile
- Orascom Telecom Holding has announced it is pulling back its bid to buy out Wind Mobile Canada founder and CEO Anthony Lacavera and acquire full control of the company, in which it already holds a 65 per cent interest. more »
- Poloz urges 'stability and patience' in 1st public speech
- In his first public remarks since being named governor of the Bank of Canada, Stephen Poloz said the central bank will keep its focus trained squarely on keeping inflation in check. more »
- World's wealthy richer than ever
- The investable wealth of the world's richest people reached a record high of $46.2 trillion US in 2012, a report by RBC Wealth Management and the consulting firm Capgemini has found. more »
- Talking Keystone, Redford says Canada and U.S. share energy values
- Alberta Premier Alison Redford says the United States and Canada share political and environmental values and must work together to become energy independent of those who do not. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12268.29 | -99.17 |
| DOW | 15112.19 | -206.04 |
| NASDAQ | 3443.20 | -38.98 |
| SP 500 | 1628.93 | -22.88 |
| TSX-VENTURE | 924.25 | -5.74 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
- Bob Rae quits as MP in 'very emotional' decision
- Sopranos star James Gandolfini dies in Italy
- Wearing a mask at a riot is now a crime
- 2 men jailed in Dominican wedding fight back in Canada
- B.C. teacher duct-taped students' mouths
- Obesity now recognized as a disease
- Dozens of children seized from Manitoba Mennonite community
- Half of First Nations children live in poverty
- Huge ancient city at Angkor Wat revealed by lasers

