Google's stock price breaks $800 - Philadelphia News, Weather and Sports from WTXF FOX 29

Google's stock price breaks $800

Posted: Updated:

SAN FRANCISCO (AP) -- Google's stock price topped $800 for the first time Monday amid renewed confidence in the company's ability to reap steadily higher profits from its dominance of Internet search and prominence in the increasingly important mobile device market.

The milestone comes more than five years after Google's shares initially barreled through $700. Not long after breaking that barrier in October 2007, the economy collapsed into the worst recession since World War II and Google's stock tumbled into a prolonged malaise that eventually led to a change in leadership.

Besides enriching Google's employees and other shareholders, the company's resurgent stock is an implicit endorsement of co-founder Larry Page. Google Inc.'s stock has now risen by about 35 percent since Page replaced Eric Schmidt as CEO in April 2011.

  • Your Money

  • Sunday, May 19 2013 6:53 PM EDT2013-05-19 22:53:31 GMT
    Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million — the highest Powerball jackpot in history.
    Some lucky person walked into a Publix supermarket in suburban Florida over the past few days and bought a ticket now worth an estimated $590.5 million — the highest Powerball jackpot in history.
  • Sunday, May 19 2013 12:16 AM EDT2013-05-19 04:16:49 GMT
    The winning numbers in a near-historic Powerball jackpot were announced Saturday night.
    The winning numbers in a near-historic Powerball jackpot were announced Saturday night.
  • Friday, May 17 2013 8:53 PM EDT2013-05-18 00:53:52 GMT
    The New Jersey Sports and Exposition Authority has approved the master plan for the American Dream megamall in the Meadowlands sports complex. The approval at Friday's special board meeting means the
    The New Jersey Sports and Exposition Authority has approved the master plan for the American Dream megamall in the Meadowlands sports complex. The approval at Friday's special board meeting means the
Powered by WorldNow

WTXF-TV
330 Market Street
Philadelphia, PA 19106-2796

Phone: (215) 925-2929
Fax: (215) 982-5494

Didn't find what you were looking for?
All content © Copyright 2000 - 2013 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices