Google's profit slips, but company beats estimates

Date: Thu, 22 Jan 2009 17:01:53 -0500

Google's profit slips, but company beats estimates

Google Inc. posts fiscal fourth-quarter results that beat Wall Street
analysts'estimates, despite a stark decline in profit compared to the
period a year earlier.

OBAMA GETS TO KEEP 'ENHANCED' BLACKBERRY

Commander in Chief Barack Obama, a known BlackBerry addict, doesn't
have to surrender his smartphone after all.

THAIN RESIGNS FROM BANK OF AMERICA

Former Merrill Lynch Chief Executive John Thain resigns from Bank of America.

BAILED-OUT BANKS WILL HAVE TO DISCLOSE LENDING

Banks getting money from the government's $700 billion bailout fund
will have to explain in detail what they are doing with the money, the
incoming head of. the Treasury Department says.

MICROSOFT REPORTS DROP IN EARNINGS, PLANS TO LAY OFF 5,000

Microsoft rattles investors by releasing a disappointing quarterly
earnings report and announcing that it will lay off as many as 5,000
workers, a startling development for a company that has taken pride in
avoiding such sweeping job cuts in its roughly 33-year history.