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J&J builds near Philly
Johnson & Johnson began construction Thursday on a $181 million building that will add new laboratory and office space and 120 jobs to its facility in suburban Philadelphia, company officials said.
Johnson & Johnson Pharmaceutical Research & Development LLC currently employs 680 people at its research and development campus in Spring House, Montgomery County.
J&J said that when the project is completed in 2009, the building will serve as its East Coast hub for discovery research and early clinical development.
Google tops expectations
Google Inc.’s first-quarter profit rose 69 percent, maintaining the online search leader’s penchant for blowing past analyst estimates.
Google said Thursday that it earned $1 billion, or $3.18 cents per share, during the first three months of the year. That compared with net income of $592.3 million, or $1.95 per share, at the same time last year.
If not for expenses incurred for employee stock compensation, Google said it would have earned $3.68 per share.
Quarterly revenue reached a new company high of $3.66 billion, a 63 percent increase from $2.25 billion last year.