Tuesday, 2 October 2012

Google races past Microsoft to number second-richest firm

NEW YORK: Google soared past Microsoft in terms of market value Monday to become the second-richest firm in the tech world behind Apple.

Google shares gained 0.96 per cent to end at $761.78, giving the Internet giant a market capitalization of $249.1 billion. Microsoft meanwhile fell 0.91 per cent to $29.49, translating into a market worth of $247.2 billion.

Both remained well behind Apple, which shed 1.16 per cent to $659.39, meaning its market cap is just above $618

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