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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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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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China, US data keep a lid on global stocks

LONDON (AP) — Lackluster economic data out of China and the U.S. offset a string of positive developments in Europe to keep a lid on global stock markets on Wednesday following a strong run, particularly on Wall Street. A day … Continue reading

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London close: FTSE ends slightly lower ahead of US earnings

LONDON (ShareCast) – – FTSE closes down 7.02 points at 6,674.74- Focus turns to Apple (NasdaqGS: AAPL – news) and Facebook (NasdaqGS: FB – news) earnings- UK public sector net borrowing falls techMARK 2,742.15 +0.13%FTSE 100 6,674.74 -0.11%FTSE 250 15,989.64 … Continue reading

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Chipmaker Skyworks forecasts upbeat quarter; shares up 12 pecrent

By Aurindom Mukherjee (Reuters) – Chipmaker Skyworks Solutions Inc’s second-quarter results and current-quarter forecast beat Wall Street estimates, helped by strong sales of chips used to connect machines to the Internet. Shares of the company, whose radio frequency analog chips … Continue reading

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Asia shares edge ahead, cautious before China data

By Wayne Cole SYDNEY (Reuters) – Asian shares crept higher on Wednesday following merger-driven gains in Europe and on Wall Street, though investors were wary in case coming figures on Chinese manufacturing again disappointed. Japan’s Nikkei put on 0.9 percent … Continue reading

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