Despite the "recession" chatter, money is still being made out here. Google Inc.'s second quarter earnings increased by 19%. The company had a profit of $1.48 billion.
According to The Wall Street Journal, the online company's earnings boosted its stock price to $4.66 per share. Last year's second quarter prices were $3.92 a share. Revenue for Google is also being calculated as having risen 2.9%.
Ironically, in contrast to Google's reported success within this year, the company layed off employees for the first time.