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Microsoft to cut 2,850 more jobs
(Reuters) - Microsoft Corp said it would cut about 2,850 more jobs over the next 12 months, taking its total planned job cuts to up to 4,700, or about 4 percent of its workforce.The company said in May...
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Billionaire investor Howard Marks just dissed hedge fund 'geniuses'
Howard Marks, cofounder of Oaktree Capital Management, just splashed some cold water on the hedge fund industry.The alternative-investment giant, which manages $98 billion, reported earnings on...
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JetBlue to become first airline to operate U.S.-Cuba flights
HAVANA (Reuters) - U.S. budget airline JetBlue Airways Corp said on Thursday it would launch scheduled commercial flights from the United States to Cuba on Aug. 31, ahead of competitors that have also...
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4 ominous reasons American fast food is headed for a huge crash
Restaurant sales growth has stalled in America. McDonald's, which had previously executed a huge turnaround, saw a slowdown in the most recent quarter. Other chains ranging from Chipotle to Buffalo...
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One of Facebook's biggest threats won't be disappearing anytime soon
Facebook destroyed its earnings Wednesday.It posted 59% revenue growth, a 63% growth in ad revenue and 180% growth in earnings per share compared to last year.But, despite that growth, a big measure...
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Dollar General is profiting from Walmart's failure
Dollar General has bought 41 of Walmart's failed Express stores.CNBC reports that Dollar General will upgrade 40 of its existing stores into the new locations. It will also open in one new...
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Is Lending Club's crash a preview of fintech's future?
What’s really going on in financial technology? Financial technology, or “fintech” for short, is threatening to turn traditional financial fields like banking, lending, asset management and insurance...
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The most interesting number from Google's earnings had nothing to do with...
Google parent company Alphabet just beat Wall Street expectations on its Q2 earnings, sending its stock up about 5% after-hours. Its cash cow — ad revenue — grew a healthy 19.5% year-over-year, while...
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Things are looking up for emerging markets
Global GDP growth might get a boost next year, as some economies approach the end of the “emerging markets business cycle” and begin a gradual recovery, a new report from Morgan Stanley says. The...
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THE BLOCKCHAIN REPORT: Why the technology behind Bitcoin is seeing widespread...
Blockchain technology, which is best known for powering Bitcoin and other cryptocurrencies, is gaining steam among finance firms because of its potential to streamline processes and increase...
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Amazon CFO had to explain it's not a bad thing Amazon had its highest...
Amazon had another blowout earnings Thursday, breaking record profits for the third straight quarter.But not everyone was impressed by it, as some reporters on the company's conference call with the...
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Asian shares flat, yen hits two-week high ahead of BOJ
By Hideyuki SanoTOKYO (Reuters) - Asian shares held near one-year highs while the yen hit a two-week high on Friday in nervous trade as investors waited to see if the Bank of Japan will come up with...
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The whole retail industry is panicking over Sports Authority's bankruptcy
Sports Authority's bankruptcy and total liquidation means more than just the end of an iconic sporting-goods dealer.It could spell trouble for retailers.Bloomberg reports that Sports Authority's...
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'Star Trek' licensing helps boost CBS earnings
(Reuters) - CBS Corp , owner of the most-watched U.S. television network, on Thursday posted a 27.4 percent rise in quarterly profit that beat expectations as licensing revenue from its new "Star Trek"...
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MESSAGING APPS FOR PUBLISHERS REPORT: Why chat apps are now crucial for...
The top four messaging apps — Facebook's Messenger, WhatsApp, WeChat, and Viber — now claim nearly 3 billion monthly active users combined, narrowly outnumbering the combined active users on the...
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You can’t understand the Fintech Revolution without this report
We’ve entered the most profound era of change for financial services companies since the 1970s brought us index mutual funds, discount brokers and ATMs.No firm is immune from the coming disruption and...
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Berkeley study finds scarce evidence of market 'front-running'
By Herbert LashNEW YORK (Reuters) - Two University of California, Berkeley professors have taken a deep dive into new data and found that claims in Michael Lewis' bestseller "Flash Boys" that retail...
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STOCKS GO NOWHERE: Here's what you need to know
Markets saw another relatively boring day, much like the rest of the week.Stocks fell early in the morning, bounced up around noon, and, ultimately, finished the day mixed, but little changed.Let's...
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Monte dei Paschi fares worst in EU banks stress test
By Huw Jones and Andrew MacAskillLONDON (Reuters) - Monte dei Paschi , Raiffeisen , Banco Popular and two of Ireland's main banks came out worst in a European Union stress test aimed at cleaning up...
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Here's what $5 billion in buybacks got Google (GOOG)
Google parent company Alphabet said on Thursday that it has completed its first stock repurchase plan, spending $5 billion to buy more than 5 million shares on the open market.And what did the company...
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