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Finance news Stories

Facebook Q1 revenue grows 72 percent on rising mobile ads

By Alexei Oreskovic SAN FRANCISCO (Reuters) – Facebook Inc’s mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street’s financial targets. Shares of Facebook were up nearly 3 percent … Continue reading

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Apple resets the clock as investors await next big thing

By Edwin Chan SAN FRANCISCO (Reuters) – Apple Inc just bought itself some much-needed time. On Wednesday, the company surprised Wall Street with news that it sold more iPhones in the March quarter than even the most bullish analysts had … Continue reading

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Berkshire’s Buffett says would buy few tech stocks currently: BBG TV

NEW YORK (Reuters) – Berkshire Hathaway Chairman and Chief Executive Warren Buffett said on Wednesday he would buy very few technology stocks at current levels and that the U.S. government should play a part in the housing market. “There’s very … Continue reading

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African Barrick Gold core earnings, revenue fall on lower prices

(Reuters) – Miner African Barrick Gold said revenue and core earnings for the first quarter fell as it realised lower prices for the yellow metal during the period. African Barrick, whose primary producing mines are located in Tanzania, said core … Continue reading

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Apple spikes 8% on earnings beat, stock split

Apple (AAPL) posted quarterly earnings and revenue that topped estimates Wednesday and announced a 7-for-1 stock split, fueling the stock higher after a temporary halt. Read More Apple stock split: Nice, but where’s the product? The company posted earnings of … Continue reading

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Einhorn cries tech bubble, but the end may not be near

In a letter to investors in his fund, hot-shot hedge fund manager David Einhorn claims “we are witnessing our second tech bubble in 15 years.” To support his case Einhorn cites examples like the rejection of “conventional valuation methods,” short … Continue reading

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Buffett: moving oil by rail safely major industry concern

By Luciana Lopez NEW YORK (Reuters) – Warren Buffett, chairman of conglomerate Berkshire Hathaway, said on Wednesday that safety is a major priority for the rail industry, after a recent spate of accidents raised concerns about how to transport oil … Continue reading

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Apple expands buybacks by $30 billion, OKs 7-for-1 stock split

By Edwin Chan SAN FRANCISCO (Reuters) – Apple Inc has approved another $30 billion in share buybacks till the end of 2015 and authorized a rarely seen seven-for-one stock split, addressing calls to share more of its cash hoard while … Continue reading

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US stocks edge lower after a six-day rise

NEW YORK (AP) — The stock market slipped Wednesday, after rising for six straight days, as investors worked through another round of quarterly earnings reports from U.S. companies. Intuitive Surgical was among those announcing disappointed results. A worse-than-expected report on … Continue reading

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Gannett 1Q net profit falls 43 pct

MCLEAN, Va. (AP) — Gannett Co. said Wednesday that its first-quarter net profit dropped 43 percent, pulled down by restructuring costs, but its adjusted profit managed to beat Wall Street predictions by a penny. The media company, which publishes USA … Continue reading

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Finance News

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