News

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Fri, 31 Jan 2020 10:15:58 GMT

Facebook shares drop on slowest growth in years

Shares of Facebook plunged 7% on a report by the social media giant about the slowest quarterly growth in years, tumbled by higher expenses and expected stagnant growth.

Fri, 31 Jan 2020 08:41:58 GMT

MTN Group plans $1.6B investment in Nigeria

MTN Group, the telecommunications company, announced a $1.6B investment in Nigeria, following a resolution of a legal case with Nigeria's government.

Fri, 31 Jan 2020 07:50:23 GMT

Avast to halt Jumpshot amid data privacy row

Avast, the UK cybersecurity company, will halt the Jumpshot analytics business due to the data privacy scandal, putting hundreds of job positions at risk and deepening a fall in its shares.

Fri, 31 Jan 2020 06:59:11 GMT

Verizon shares drop on disappointing profit results

Shares in Verizon Communications plunged about 1% as the Q4 profits missed forecasts, despite the company's robust growth in postpaid mobile phone subscribers that beat analysts' expectations.

Fri, 31 Jan 2020 05:43:14 GMT

Tesla ties up with CATL, LG Chem over battery supply

Tesla has signed a partnership with China's CATL and South Korean giant LG Chem for a battery supply used in the company's electric cars, according to a Reuters report.

Fri, 31 Jan 2020 04:44:12 GMT

Apple triggers redesigned mapping app in US

Apple has launched its Maps app's redesigned version for the US users, offering new features, such as indoor maps of malls and airports, following its previous announcement that the tech giant is completely rebuilding the application.

Fri, 31 Jan 2020 03:42:20 GMT

Amazon posts better-than-expected Q4 sales results

Amazon.com topped analysts' expectations for the holiday-quarter sales and revenue, as the company's efforts to accelerate delivery helped lure more shoppers, sending the online retailer's shares up 10%.

Fri, 31 Jan 2020 03:11:37 GMT

Verizon tops estimates for Q4 subscribers

Verizon Communications reported it had added 790K postpaid mobile phone subscribers in the Q4, beating estimates of 525K users; the result driven by a free one-year subscription to the streaming service Disney+.

Thu, 30 Jan 2020 21:38:36 GMT

Visa reports quarterly profit growth

On Thursday, Visa Inc reported a 10% increase of its quarterly profit amid better than expected spending during Christmas holidays.

Thu, 30 Jan 2020 18:29:12 GMT

Opel to create battery cell factory in Kaiserslautern

Opel is set to set up a battery cell factory in Kaiserslautern, which will create 2K jobs at a site heavily dependent on producing parts for cars with combustion engine.

Thu, 30 Jan 2020 16:42:33 GMT

Uniper to close German hard-coal power plants

Uniper is set to close most of hard coal-fired plants in Germany over the following years to 2025, making up half its EU coal capacity.

Thu, 30 Jan 2020 15:44:40 GMT

Hershey expects profit, sales above estimates

Hershey anticipated its profit and sales in 2020 largely above expectations, after its reported sales that beat forecasts on higher prices and investments in healthier snacks.

Thu, 30 Jan 2020 14:45:08 GMT

Britain and US comment on trade deal

The US Secretary of State Mike Pompeo and the Foreign Secretary of the United Kingdom Dominic Raab announced on Thursday that a trade deal among the two countries could be done this year.

Thu, 30 Jan 2020 13:48:05 GMT

Bank of England keeps rates steady

On Thursday, the Bank of England made an interest rate announcement. The central bank kept its Official Bank Rate unchanged at 0.75%.

Thu, 30 Jan 2020 12:59:26 GMT

Coca Cola tops quarterly revenue estimates

On Thursday, Coca-Cola Co reported better-than-expected quarterly revenue that grew 16% to $9.07B, boosted by higher demand for the company's coffees, teas and sparkling soft drinks.

Thu, 30 Jan 2020 12:37:25 GMT

Total-PSA JV aims at batteries output for 1M EVs per year

Total-PSA Group's joint venture has set a target to produce batteries for 1M electric vehicles in one year by 2030, the CEO for the French energy major, Patrick Pouyanne, stated on Thursday.

Thu, 30 Jan 2020 11:19:02 GMT

Tesla creates new partnership

On Thursday, Tesla announced that it has entered into a partnership with LG Chem from South Korea and CATL from China. The partner companies would supply car batteries.

Thu, 30 Jan 2020 10:39:53 GMT

L Brands CEO plans to step aside, sell Victoria's Secret

The owner of Victoria's Secret, L Brands CEO Leslie Wexner, is considering stepping aside from his role and is reviewing the lingerie brand's sale.

Thu, 30 Jan 2020 09:14:09 GMT

CalTech wins $1.1B jury verdict in Apple, Broadcom patent case

The California Institute of Technology has won a $1.1B jury verdict in the patent case against Broadcom and Apple filed in 2016 after CalIT alleged Broadcom's chips used in Apple's iPhones infringed the patents related to data transmission technology.

Thu, 30 Jan 2020 07:53:11 GMT

News Corp. triggers news aggregation site

News Corp has rolled out its free news aggregation platform, Knewz, seeking to address the long-held criticism by Google and Facebook towards publishers and journalists.

Thu, 30 Jan 2020 07:36:17 GMT

Facebook sees its revenue growth slowing

Facebook Inc reported its revenue growth would keep slowing, but highlighted a surge in the social media giant's quarterly expenses, missing Wall Street's expectations for the improving privacy costs to level off.

Thu, 30 Jan 2020 05:53:36 GMT

Microsoft beats Q2 revenue estimates

Microsoft beat analysts' expectations for quarterly revenue, which grew 13.7% to $36.91B, supported by strong performance from Azure, the cloud computing platform.

Thu, 30 Jan 2020 05:10:54 GMT

PayPal quarterly profit decreases 13%

PayPal Holdings revealed a 13% decrease in its profit to $507M in the Q4, as the company spent more on technology and acquisitions.

Thu, 30 Jan 2020 04:31:26 GMT

Google Shopping product leader leaves for Coinbase

Surojit Chatterjee, the Google Shopping product leader, was leaving the company for the role of the Chief Product Officer at cryptocurrency exchange Coinbase.

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