Latest Business News: Google Misses Second Quarter Earnings

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Latest Business News: Google Misses Second Quarter Earnings

Latest Business News: Google Misses Second Quarter Earnings
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Latest Business News: Google Misses Second Quarter Earnings

by Wochit 1:17 mins

Google had earnings of $9.56 per-share on net revenue of $11.1 billion in the second-quarter, below analyst-expectations of $10.80 per-share on net-revenue of $11.4 billion. Kyodo reports Japanese display maker Sharp Corp plans to raise about 100 billion yen , or $994 million, through a share sale. The company, which supplies to Apple Inc, has 200 billion of yen convertible bond due in September. Sharp plans to raise around 90 billion yen through a public stock offering by the end of September and up to 10 billion yen by selling shares to housing equipment maker Lixil Group Corp. Federal Reserve Chairman Ben Bernanke weighed into the contentious debate over the future of the U.S. housing finance system, saying some sort of backstop for mortgages was needed to protect the financial system in times of stress. However, he stopped short of explicitly endorsing a government role, which many Democrats see as the best approach.

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