Forget Facebook, LinkedIn Is New Favorite

Forget Facebook, LinkedIn Is New Favorite: Morning Business Memo: As Facebook (FB) faces questions about its profit model, the work and social network LinkedIn (LNKD) has become an investor favorite. The site booked a profit in the third quarter, reversing a loss in the same period a year ago as revenue grew at a faster pace than analysts expected. Its stock climbed 6 percent in after-hours trading. LinkedIn says it earned $2.3 million, or 2 cents per share, in the July-September period. That’s up from a loss of $1.9 million, or 2 cents per share, a year ago. Profits were twice as high as analysts had…