Google Shares Top $1,000 For First Time
DAVID GREENE, HOST:
NPR's business news start with Google at an all-time high.
(SOUNDBITE OF MUSIC)
GREENE: The Internet giant shares soared to new heights this morning, topping $1,000 a share. Google reported better than expected third-quarter sales and profits, reporting a profit of nearly $3 billion during the third quarter, up nearly 40 percent from a year earlier.
It is now the fourth company trading on a major exchange to have a stock price of $1,000 or more.