Google Announces Stock Split

Google Inc. plans to split its stock 2-for-1 to preserve its leadership's control over the company. The online search leader also announced a 61 percent jump in profits for the first quarter.

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RENEE MONTAGNE, HOST:

NPR's business news begins with Google bouncing back.

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MONTAGNE: Google ended 2011 with lackluster profits and began this year with a public relations problem as users complained about its new privacy policy. But the company now seems to have rebounded. Yesterday, Google announced a 61 percent jump in its first quarter profits. And that's not all co-founders Larry Page and Sergey Brin have to smile about. The company also announced a stock split that will allow its founders to remain firmly in control of the company.

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