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EU's Vestager plans news conference
Fri, 30 Apr 2021 08:35:04 GMT
 
Margrethe Vestager, the European Union's antitrust chief, is set to conduct a news conference on Friday at 11:00 GMT, where she will charge the tech giant Apple for anti-competitive practices. >>
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Gilead Q1 profit surges
Fri, 30 Apr 2021 07:00:08 GMT
 
Gilead Sciences reported its Q1 product sales soared 16%, including $1.46B in sales of Remdesivir, the company's COVID-19 antiviral drug, but warned the sales of its hepatitis C and HIV >>
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Ford drops 10% amid chip shortage
Fri, 30 Apr 2021 06:00:09 GMT
 
Ford Motors' shares tumbled over 10% on Thursday, following the report that the global chip shortage could potentially trim its Q2 vehicle production in half. >>
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GM to make EVs in Mexico
Fri, 30 Apr 2021 05:41:21 GMT
 
General Motors is planning to start making electric cars in Mexico from 2023 as part of its $1.0B investment, the US automaker announced. >>
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Twitter shares sink 9%
Fri, 30 Apr 2021 04:00:07 GMT
 
Twitter's shares plunged 9% in after-trade hours on Thursday on its lukewarm revenue outlook for the Q2 and warned of surging costs and expenses, marking potential user growth decline in >>
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Amazon posts biggest profit ever
Fri, 30 Apr 2021 03:00:08 GMT
 
Amazon.com reported the largest profit ever, with the company's sales rising as well, boosted by consumer spendings during the pandemic, while shares surged as much as 4% after the US >>
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Facebook fuels S&P 500 to record high
Thu, 29 Apr 2021 21:04:50 GMT
 
On Thursday, the S&P 500 reached its intraday record high, driven by Facebook's gains following the social media giant's robust earnings report. >>
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Ford shares down 10% on hit by chip shortage
Thu, 29 Apr 2021 20:00:07 GMT
 
Shares of Ford Motor declined above 10% on Thursday, following its warning about the global semiconductor chip shortage, which would cut its Q2 vehicle production in half. >>
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Salesforce acts over climate with suppliers
Thu, 29 Apr 2021 19:00:07 GMT
 
Salesforce.com Inc announced that supplier contracts will require partner companies to set carbon-reduction goals and deliver services and products on a carbon-neutral basis. >>
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Microsoft to charge game developers less
Thu, 29 Apr 2021 18:00:07 GMT
 
The New York Times reported that Microsoft is set to slash its charges for developers of video games for using its online store starting from August. >>
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Unilever plans €3B share buyback
Thu, 29 Apr 2021 17:00:06 GMT
 
Unilever announced a €3B share buyback, adding that it was assured of hitting this year's sales targets, as demand from home cooks and China helped to beat Q1 sales expectations. >>
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Samsung beats Apple in smartphone shipments
Thu, 29 Apr 2021 16:00:07 GMT
 
According to the Canalys report, Samsung shipped 76.5M smartphones in the Q1, getting a 22% market share, while Apple shipped 52.4M iPhones in the same period. >>
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Mastercard reports $4.2B revenue
Thu, 29 Apr 2021 14:45:57 GMT
 
Mastercard Inc reported that its net revenue increased 4% to $4.2B from last year, surpassing estimates for $3.99B, as improved consumer spending helped offset a decline in cross-border card payments. >>
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Tech giants to drive Wall Street indexes
Thu, 29 Apr 2021 14:04:41 GMT
 
On Thursday, Apple and Facebook posted their stellar earnings, boosting the Wall Street main indexes during the US trading hours. >>
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Baidu to roll out robotaxi services
Thu, 29 Apr 2021 13:34:45 GMT
 
China's Baidu announced on Thursday it is set to launch paid driverless ride-hailing services in Beijing starting May 2, making it the first local company among the others to offer >>
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