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Tag Archives: earnings

Sale of core Yahoo assets to Verizon delayed

San Francisco, United States | AFP |  Yahoo said Monday that the closing of a $4.8 billion deal to sell its core internet assets to US telecom titan Verizon has been delayed several months. A close originally set for this quarter has been pushed into next quarter, the pioneering internet …

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Alibaba sales growth soars into the cloud

Beijing, China | AFP |  Chinese e-commerce giant Alibaba’s sales soared 55 percent in the last quarter, thanks in part to a more than doubling of revenue from cloud computing, the company said Wednesday. The year-on-year growth in group sales, to 34.29 billion yuan ($5.14 billion), was not matched by …

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Thomson Reuters cuts jobs as profits slip

New York, United States | AFP | Thomson Reuters announced a new “streamlining” plan on Tuesday to cut an estimated 2,000 jobs at the financial information group as it reported flat revenues and a drop in profits. “Our core subscription businesses are moving in the right direction, our cost controls …

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Twitter stung by slow progress

San Francisco, United States | AFP | Twitter shares slid Tuesday after a quarterly update worsened investor fears that the one-to-many messaging service can win enough users to be a lucrative, mainstream hit. Twitter posted a loss for the first quarter of 2016 of $80 million, compared with a loss …

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