advertising revenues

Google posted revenues of $5.19 billion for the year's first quarter -- an increase of 42 percent compared to one year earlier and a seven percent rise from the prior quarter. By contrast, the company's traffic-acquisition costs amounted to only $1.49 billion, or 29 percent of advertising revenues, company executives said.

The search giant's ongoing innovation in search, ads and apps helped drive healthy growth globally across its product lines, noted Google Chief Executive Eric Schmidt.

The Associated Press announced Monday it will further cut fees paid by struggling newspaper members and will develop an advertising-supported service that will deliver stories and photos to advanced cell phones, including the iPhone.

The service, which will carry local news from participating newspapers as well as national and international news from the AP, is being tested with several newspaper companies and is expected to launch in the summer under the name Mobile News Network, the AP said.