Revenue | featured news

Digital advertising likely won't compensate for loss of traditional revenues.

The anemic economy decimated state tax collections during the first three months of the year, according to a report released Friday by the Rockefeller Institute of Government. The drop in revenues was the steepest in the 46 years that quarterly data has been available.

Google Inc. late Thursday reported a second-quarter profit that topped Wall Street estimates thanks to tight cost controls, though the Internet giant's numbers for the period also reflected meager revenue growth due to less online advertising.

Eager to boost revenue, many hotels are raising fees and hitting customers with more surcharges that don't show up next to room rates.

Delta, after a dismal first quarter, announces the fee, expected to bring in more than $100 million annually.