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)

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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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