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Market 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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Exclusive: Marubeni says Chinese authorities detain three staff at grain unit

TOKYO/BEIJING (Reuters) – Three employees at one of Marubeni Corp’s (8002.T) grain trading units in China have been detained by authorities, the Japanese trading house said on Thursday, a move industry sources said was prompted by allegations of tax evasion … Continue reading

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Apple shares hit 2014 highs, Asian stocks lag

SYDNEY (Reuters) – Shares in tech heavyweights Apple and Facebook held hefty after-hours gains on Thursday as their results handily outpaced Wall Street expectations, though Asian markets managed only a mumbled cheer. The Nikkei slipped 0.97 percent with some investors … Continue reading

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Market News

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Market News RSS Feeds

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