Google shares break $1,000 barrier as mobile pays off

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      Technology News

      The new Nexus 7 tablet is demonstrated during a Google event at Dogpatch Studio in San FranciscoBy Soham Chatterjee and Alexei Oreskovic SAN FRANCISCO (Reuters) – Google Inc shares jumped past $1,000 on Friday as investors bet on the Internet company's continued dominance of the mobile and video advertising businesses despite aggressive competition from Facebook Inc and Yahoo Inc. Shares of the world's No. 1 search company rose more than 14 percent to an all-time high of $1,015.46, swelling its market value by about $40 billion. That vaulted Google past Microsoft Corp and Berkshire Hathaway Inc in capitalization and brought it to No. 3 among U.S. …

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