Renewed fervor for Google lifts stock above $800

SAN FRANCISCO >> Google’s stock price topped $800 for the first time Tuesday amid renewed confidence in the company’s ability to reap higher profits from its dominance of Internet search and prominence in the growing mobile market. The milestone comes more than five years after Google’s shares initially hit $700. Not long after breaking that barrier in October 2007, the economy collapsed into the worst recession since World War II, and Google’s stock tumbled into a prolonged malaise that eventually led to a change in leadership.

Most of Google’s gains have occurred in the past seven months — a period that has overlapped with a sharp downturn in the stock price of rival Apple Inc. Google’s stock climbed $13.96, or 1.8 percent, to close Tuesday at $806.85.

On the Move

The American Red Cross Hawaii State Chapter has announced that Kenneth Silva will be its chief operating officer. He has more than 30 years of leadership, administrative and command experience with the Honolulu Fire Department and was previously the Honolulu fire chief, a position from which he retired after seven years. Silva also served on numerous organizations, including the Hawaii Fire Chiefs Association, Hawaii Fire Fighters Association, Hawaii State Fire Council, Honolulu Firefighters Foundation and more.

The Honolulu Board of Realtors has announced the election of the following 2013 officers: president Kevin E. Miyama of Prudential Locations, president-elect Julie Meier of Prudential Locations, secretary Jack M. Legal of Legal Realty and immediate past president Joe Paikai of Keller Williams Realty. Directors are Trevor W. Benn, D’Arcy S. Kerrigan, Paul Kalama Kim, Brandon C. Lau, Sue Ann S.H. Lee, Allison A. Lum, Trudy I. Nishi­hara, Jason Y. Nishikawa, Chad M. Take­sue and Wendell M.Y. Wong. HBR regional directors for 2013 are Lynn T. Toma, Jennifer Lee Busto, Jack M. Legal and Patrick T. Graham.