Economy stalls, but Google's 3Q profit still rises (Update 2)

October 16, 2008 By MICHAEL LIEDTKE , AP Business Writer Economy stalls, but Google's 3Q profit still rises (AP)

Google umbrellas at Google headquarters in Mountain View, Calif., Wednesday, Aug. 27, 2008. Google said Thursday, Oct. 16, 2008, it shook off the slowing economy to boost its third-quarter profit by 26 percent to $1.35 billion. (AP Photo/Paul Sakuma)

(AP) -- The economy is sputtering, but Google Inc.'s profits are still accelerating at a rate that suggests the Internet search leader can remain a marketing magnet even when advertisers and consumers aren't in a spending mood.

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