DISAPPOINTING: While net earnings per share rose to US$2.93, they were below analyst expectations of US$3.59, partly because of higher head count expenses
Google revenues surged in the second fiscal quarter but the renowned Internet money-making machine saw profit margins narrow as it spent heavily on hiring talent and acquiring traffic.

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Japanese government and business leaders held an emergency meeting yesterday to assess the safety of imported goods amid growing global concern about Chinese products.

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Microsoft said on Thursday its profit for the past quarter rose 11 percent from a year ago to US$3.03 billion, boosted by the new Windows Vista operating system and the new Office software suite.

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AUTO RACE: With worldwide sales of 4.72 million vehicles, the Japanese giant is on track to overtake the US' General Motors as the world's largest automaker this year
Toyota slipped behind General Motors in global sales in the second quarter but retained its lead for the first half of the year, highlighting their neck-and-neck race to be the world's No. 1 automaker.

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US Federal Reserve Chairman Ben Bernanke said on Thursday he expects "significant financial losses" from failed subprime real estate loans but only a limited effect on the overall economy.

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The Thai prime minister yesterday agreed on new measures aimed at curbing the baht's rise, while the central bank governor insisted the country would not return to a fixed exchange rate system.

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■ computers
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