The internet company Google has defied predictions of economic doom by delivering a 31% surge in quarterly profits, which appeared to vindicate the company’s claims that people will continue searching the web in a recession. Google’s first-quarter earnings jumped from -billion to ,31-billion.
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/ 27 December 2007
Despite the last-minute shopping frenzy, holiday retail sales were sluggish as the United States consumer spent less than expected while internet shopping slowed down. Many shoppers waited until the last moment to buy gifts for Christmas, as only 18% of Americans had finished their holiday shopping in mid-December.
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/ 16 November 2007
As the Hollywood writers’ strike winds through a second week, many American viewers are missing the political satire they’ve come to love on late-night talk shows, but otherwise appear unconcerned. The Daily Show, The Colbert Report, Saturday Night Live are the main casualties of the strike that started on November 5.