> Alphabet reported that its revenue rose 20 percent to $40.5 billion for the third quarter, but that profit dropped to $7.07 billion. Profit ... was hurt by ri

> Alphabet reported that its revenue rose 20 percent to $40.5 billion for the third quarter, but that profit dropped to $7.07 billion. Profit ... was hurt by rising costs for research and development and marketing, the company said. > Google is spending heavily to hire employees, invest in data centers and pay for marketing of new products like its Pixel smartphones. > Alphabet said it added about 6,500 employees in the quarter, for a total work force of about 114,000 people. > The company also said its tax rate doubled to 18 percent from 9 percent a year ago.