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Wall Street opens higher
Thu, 20 May 2021 14:43:41 GMT
 
At the start of Thursday's US trading hours, US stock indices started the day at a higher level than the previous close. The surge was attributed to better than forecast >>
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Ralph Lauren sees revenue below forecasts
Thu, 20 May 2021 14:00:08 GMT
 
Ralph Lauren forecast on Thursday its full-year sales to miss analysts' expectations due to a hit from store shutdowns in Japan and some parts of Europe amid COVID-19 curbs, despite >>
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Barcelona's MWC to take place as planned
Thu, 20 May 2021 12:50:42 GMT
 
On Thursday, the organisers of Barcelona's Mobile World Congress announced the telecoms industry's largest annual gathering would take place as planned following Spanish authorities' approval of the safety and health >>
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Apple makes over $100M in commissions
Thu, 20 May 2021 12:37:13 GMT
 
Apple made over $100M in commissions from the Epic Games-developer video game "Fortnite" during the last two years it was available on Apple's App Store. >>
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Tencent Q1 profit soars 65%
Thu, 20 May 2021 11:26:26 GMT
 
On Thursday, Tencent Holdings, China's social media and gaming giant, reported its quarterly profit surged as much as 65%, beating the forecasts, boosted by a rise in the number of >>
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Stocks recover on Thursday
Thu, 20 May 2021 09:58:42 GMT
 
During Thursday's European trading hours, stock indices around the world recovered after the previously suffered losses. >>
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Ford Motor, SK Innovation to launch JV
Thu, 20 May 2021 09:00:07 GMT
 
Ford Motor and South Korea's battery manufacturer SK Innovation are planning to announce the US electric vehicle battery joint venture, Reuters reported on Thursday. >>
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ByteDance founder to resign as CEO
Thu, 20 May 2021 08:00:10 GMT
 
The founder of ByteDance, Zhang Yiming, is set to step down from his chief executive role and will be replaced by Liang Rubo, the human resource chief, the company revealed >>
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Cisco views Q2 profit below expectations
Thu, 20 May 2021 06:42:40 GMT
 
Cisco Systems is expecting its current-quarter profit to miss forecasts, anticipating the economy reopening will cool the pandemic-driven demand for its teleconferencing and networking tools, sending the firm's shares down >>
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Target sees robust sales growth
Thu, 20 May 2021 06:00:07 GMT
 
Target Corp reported its quarterly sales surged around 23% and forecast booming demand through 2021, as consumers return to stores after a year of the pandemic-caused restrictions. >>
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Apple makes $100M in fees from 'Fortnite'
Thu, 20 May 2021 05:00:07 GMT
 
Apple Inc made more than $100M in commission fees from "Fortnite" over the two years the online game was published on the App Store, the company's executive testified. >>
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Squarespace gets $6.5B valuation
Thu, 20 May 2021 04:00:07 GMT
 
Squarespace Inc was valued at $6.5B in the company's market debut on Wednesday, as shares opened 4% lower than the reference price. >>
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Deutsche Telekom in talks for T-Mobile stake
Thu, 20 May 2021 03:00:06 GMT
 
Deutsche Telekom was in negotiations over a potential deal for SoftBank Group's stake of 8.5% in T-Mobile US, which would provide the German telecom giant more control over the US >>
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BlackRock increases stake in SoftBank to 5.2%
Wed, 19 May 2021 20:56:12 GMT
 
BlackRock raised its stake in SoftBank Group to 5.2%, a filing revealed on Wednesday, as Japan's rules require stakes exceeding 5% to be disclosed. >>
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TJ Maxx beats earnings forecast
Wed, 19 May 2021 20:00:09 GMT
 
The US retailer TJ Maxx revealed on Wednesday that the company had beat its quarterly earnings forecast, as shoppers had returned to stores. >>
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