SiliconBeat

Google chief executive Eric Schmidt said the current economic slowdown put advertising budgets “under stress,” according to an interview he did with Bloomberg TV in New York. “There’s no evidence that we’re immune,” Schmidt said. “We’re being cautious.”  Schmidt says the wariness has made the world’s most popular Internet search site slow its hiring rates.

Schmidt made other, perhaps more-widely followed news Monday when he was reported to be ready to endorse Read the rest of this entry »

Google shares had their biggest one-day decline ever Friday, dropping $52.12, or 9.8 percent, to $481.32 as they were punished by investors digesting the Internet search giant’s second-quarter earnings that were released after the markets closed Thursday. Read the rest of this entry »