Friday, October 19, 2012

Markets fall worldwide in wake of Google’s catastrophic $24billion loss as nervous investors wait for Wall Street to open

  • Respected financier David Buik said: 'The bubble has burst. After Google's meteoric rise something like this was always bound to happen'
  • Third-quarter profits fell 20% on a year earlier to $2.18bn (£1.35bn)
  • Trading halted to give investors chance to digest news amid crash fears
  • Printing firm R.R. Donnelley blamed for leaking report ahead of schedule