NPR's business news start with Google at an all-time high.
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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. Transcript provided by NPR, Copyright NPR.
Author and politician Chrystia Freeland says economic inequality is growing by leaps and bounds. She charts the rise of today's billionaire plutocrats and wonders what the concentration of wealth means for the rest of us.
Originally published on Fri October 18, 2013 9:19 am
The solutions will come from more of a quest rather than a pre-packaged set of ideas. â€” Jacqueline Novogratz
Income inequality is at an all-time high between the haves and the have-nots. But does the poverty gap have to be so wide, and can it potentially be eliminated altogether? In this hour, TED speakers share some big ideas about inequality and new ways we might achieve prosperity for all.
Two industries on opposite sides of the Atlantic this week were rocked by the same piece of news: Angela Ahrendts, the American who revived the fortunes of British fashion label Burberry - famous for its tartan rainwear - was hired away by Apple. Or, as one British paper put it: from Mackintoshes to Macs.
AOL, an online company many had given up for dead, is making a comeback. It recently acquired Adap.TV, a company that automates the purchase of video ads. And in September, it topped Google in one category: it had the most video ads watched, with 3.7 billion views.