Earnings per share estimates of 82 cents were handedly beat by Facebook (NASDAQ:FB), which reported 97 cents per share in earnings for the second quarter. Revenue of $6.44 billion beat estimates by $420 million and […]
Blockchain technology is all the rage in the corporate world, and Ethereum Blockchain as a Service from Microsoft Azure and ConsenSys promises to advance the field. The service allows users to create their own blockchain […]
With most Indians lacking a bank account but many wielding smartphones, the economy appears set to move from a cash-centric one to one in which digital transactions are common. Nonbank companies that offer digital payment […]
The 0.5% acceleration in Britain’s economic growth in the second quarter, coming after three years of steady increases in GDP, will be the last economic expansion the UK will see before shifting into decline for […]
As consolidation in the semiconductor business picks up, Analog Devices said it has agreed to buy Linear Technology for $14.8 billion. Analog will pay $46 in cash and 0.2321 of a share of its own […]
Deutsche Boerse received approval for its merger with London Stock Exchange Group, with 60.35% of shareholders having voted for the deal by Tuesday’s deadline. The merger still needs regulator support, with German markets regulator BaFin […]
Apple shares soared 6.8% in extended trading after the company’s results beat expectations, soothing fears that iPhone demand had hit a wall. Apple (NASDAQ:AAPL) shipped 40.4M iPhones, 10M iPads and 4.3M Macs in the third […]
Restructuring expenses and weaker performances in investment banking and trading caused Deutsche Bank’s quarterly income to drop 98% from the same period the previous year. John Cryan, chief executive officer of the German bank, said […]
US companies are accumulating cash and holding back on investment as uncertainty about the global economy deepens, according to an industry report. The Corporate Cash Indicators index jumped 9 points in the second quarter, a […]
Unilever’s $1 billion deal to purchase Dollar Shave Club shows the power of startups to disrupt market giants by improving customer experience, using technology and keeping operations lean, writes Steven Davidoff Solomon, law professor at […]
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