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Philips discloses conflict with US over defibrillators; Q4 earnings miss estimates

By Toby Sterling AMSTERDAM (Reuters) – Medical equipment maker Philips on Tuesday disclosed a conflict with the U.S. government over defibrillators it sold in 2015 and before, along with fourth-quarter earnings in which it missed analysts’ estimates. Philips repeated its … Continue reading

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Most Asian markets gain even as Trump pulls out of Trans-Pacific Partnership

Most Asian stock market indices were trading higher on Tuesday (24 January), with the Shanghai Composite up 0.10% at 3,139.80 as of 4am GMT, despite Donald Trump pulling out of the 12-nation Trans-Pacific Partnership (TPP). On Monday, the 45th president … Continue reading

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Samsung Elec Q4 profit jumps as record chip earnings mask Note 7 failure

SEOUL (Reuters) – Samsung Electronics Co Ltd <005930.KS> on Tuesday said fourth-quarter operating profit jumped 50 percent to its highest in over three years, as record earnings in its chips business masked the negative impact of its failed Note 7 … Continue reading

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Samsung's 4Q earnings more than double on record chip profit

SEOUL, South Korea (AP) — Samsung Electronics Co. said Tuesday that its fourth-quarter earnings more than doubled over a year earlier thanks to its brisk memory chip business that posted a record-high profit and strong sales of other Galaxy smartphones … Continue reading

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Yahoo beats Wall Street view, sees Verizon deal closing in second quarter

By Anya George Tharakan (Reuters) – Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns … Continue reading

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Snapchat is making a big move in this European country

Snap is getting serious about growing as a global news network.  Snapchat launched its first localized Discover channel in Norway with VG, the most widely read online newspaper in the country, the companies announced Monday.  SEE ALSO: What kind of … Continue reading

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Here’s How Inflation Could Suck the Wind Out of Trump’s Economy

Don’t look now, but Federal Reserve officials could actually have a problem with price inflation on their hands — something they’ve been trying to encourage, via ultra-low interest rates and multiple bond buying programs, for years. The only problem: The … Continue reading

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Hedge Funds Hit $3 Trillion, but Some Investors Are Headed for the Door

The stock market rally since the election has pushed the value of hedge fund assets to a record level, despite sustained withdrawals from investors. Total hedge fund capital passed $3 trillion in the fourth quarter of 2016, a $47 billion … Continue reading

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Snapchat Discover is cracking down on sex, clickbait and fake news

Snapchat doesn’t need your clickbait. The mobile storytelling platform, once popularized as a sexting app, is cracking down on sexually explicit and deceptive content within Discover, the publisher section of the app, the company announced Monday.  SEE ALSO: Snapchat makes … Continue reading

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Wall Street turns defensive on Trump's protectionist stance

By Yashaswini Swamynathan (Reuters) – The S&P 500 was on track for its worst day this year as President Donald Trump’s protectionist stance on trade sent investors scurrying for safe-haven assets on Monday. In his latest executive order, Trump signed … Continue reading

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