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Daily Business News Round Up 17/07



The Artesian Blog takes a look at the business headlines:

Google quarterly results fail to excite - Google's (GOOG.O) quarterly profit beat Wall Street expectations, but the weak economy and slump in advertising spending took a toll on revenue growth and the price of its search ads.

Shares of Google fell 3 percent after the results, which exceeded average forecasts but failed to live up to the heightened expectations of investors following Intel's (INTC.O) strong earnings earlier this week. Google shares have risen 4 percent since Intel's report on Tuesday. (full story)



UK rail inquiries moving to India
- All calls to National Rail Enquiries will be handled by Indian call centres from next March, the BBC has learnt.

The Association of Train Operating Companies (ATOC), which runs the service, said it had agreed an exclusive contract with an Indian firm. (full story)


Twitter hacker reveals expansion plans
- Documents leaked by a hacker on future plans of the fashionable social networking site Twitter, has sent it all a flutter.

The microblogging site apparently has projected revenue of $140 million by the end of 2010 as part of a massive expansion which will see its user numbers grow to one billion within four years. (full story)

JJB Sports boosted by Gates appearance - JJB Sports soared 12pc after it was revealed that Bill Gates, the founder of Microsoft, controls 3.14pc of the embattled sportswear retailer.

The billionaire philanthropist bought 800,000 shares through the Bill & Melinda Gates Foundation on Tuesday, taking the charity's stake above the 3pc threshold and forcing an official announcement. (full story)

Confusion reigns over troubled Gatwick sale - The Gatwick sale descended into farce yesterday as airport-owner BAA denied claims that the two remaining bidders had pulled out of the £1.5bn race.

Sources claim both Manchester Airports Group (MAG) and the Global Infrastructure Partners (GIP) consortium have walked away. But a spokesman for BAA said yesterday: "There are multiple bidders still in the process." (full story)

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