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Google "Slowing,' Shares Falling
1CFO George Reyes said Google has largely maxed out revenue per search, so the search engine giant will have to rely on still-strong traffic growth. "Growth is slowing and now largely organic," he said. It hopes for big revenue eventually from recent product offerings. Google fell as much as 13%, closing off 7% to 362.62 as Wall St. largely defended the firm. More on this page
Stocks Fall On Google, Econ Data
2Google's talk of "slowing" and a batch of softer-than-expected economic reports sent the Nasdaq sliding 1.1%, the S&P 500 down 1% and the small-cap S&P 600 1.2% lower. Internet, generic drug, school and home builder stocks sold off. The yield on the 10-year Treasury note slid 5 basis points to 4.55%. More on this page, B2
Latest '06 Data Signal Cooling
3The consumer confidence index fell in Feb. because of a weaker outlook. Consumers' view of current conditions was the best in years. The NAPM-Chicago's Midwest factory index fell, but still pointed to modest growth in Feb. Also, Jan. existing-home sales fell for a 5th straight month to a 2-year low. More on this page, A2
Wave Of Violence Roils Baghdad