Earnings Roundup: IBM, Google

Among the earnings stories for Thursday, Oct. 15, from AP Financial News:

Top stories:

SAN FRANCISCO (AP) — IBM Corp. has jacked up its profit guidance for the second time this year, a sign of the company's confidence that it can uncork more profit from its business despite falling sales.

Other stories:

SAN FRANCISCO (AP) — Google Inc. shifted into a higher gear in the third quarter and began to leave the recession behind as the 11-year-old Internet search leader recorded its highest profit ever.

SEATTLE (AP) — Advanced Micro Devices Inc. lost money in the third quarter but said that sales were stronger than expected, adding to mounting evidence that consumer spending is fueling a turnaround in the personal computer market.

LEXINGTON, Mass. (AP) — Cubist Pharmaceuticals Inc. said its third-quarter profit rose slightly, as higher income taxes offset a boost in Cubicin sales.