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Starbucks reports cooling quarterly growth and pares outlook

NEW YORK (Reuters) – Starbucks Corp (SBUX.O) lowered its guidance for full year same-store sales growth on Thursday, saying it now sees growth just below its previous target range. FILE PHOTO: A Starbucks store is seen inside the Tom Bradley terminal at LAX airport in Los Angeles, California, U.S. on October 27, 2015. REUTERS/Lucy Nicholson/File […]

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Game publisher EA’s first quarter revenue beats estimates

(Reuters) – Electronic Arts Inc beat analyst estimates for quarterly revenue on Thursday, as more gamers thronged to its popular game franchises such as “FIFA” and “The Sims”. FILE PHOTO: An Electronic Arts (EA) video game logo is seen at the Electronic Entertainment Expo, or E3, in Los Angeles, California, United States, June 17, 2015. […]

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Intel profit beats on higher demand for data center chips

(Reuters) – Intel Corp (INTC.O) missed analysts’ estimates for its closely watched data center business for the second quarter on Thursday, overshadowing strong results and sending its shares down 3 percent in extended trading. The Intel logo is shown at E3, the world’s largest video game industry convention in Los Angeles, California, U.S. June 12, […]

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Starbucks’ quarterly growth slips on competition, waning customer enthusiasm

NEW YORK (Reuters) – Starbucks Corp (SBUX.O) on Thursday reported quarterly same-store sales rose 1 percent globally and in its U.S. cafes, while growth in the once-robust China market slipped 2 percent amid fierce competition and stricter regulations on delivery services. FILE PHOTO: A Starbucks store is seen inside the Tom Bradley terminal at LAX […]

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Amazon second-quarter profit trounces estimates, shares rise

(Reuters) – Amazon.com Inc’s (AMZN.O) dwarfed estimates for quarterly profit on Thursday and forecast operating income above Wall Street’s expectations for the third quarter, as the company earned far more from its higher-margin cloud business. FILE PHOTO: Amazon boxes are seen stacked for delivery in the Manhattan borough of New York City,U.S., January 29, 2016. […]

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Facebook plunge puts Amazon investors on guard

NEW YORK/SAN FRANCISCO (Reuters) – A plunge in Facebook Inc shares rattled the Amazon.com Inc options market on Thursday, with the social network’s fellow FAANG company due to report quarterly results later in the day. FILE PHOTO: Amazon.com’s logo is seen at Amazon Japan’s office building in Tokyo, Japan, August 8, 2016. REUTERS/Kim Kyung-Hoon/File Photo […]

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Stock market newbie Spotify hits targets, plays down challenges

LONDON (Reuters) – Market leading music streamer Spotify added 10 percent more paid subscribers in the second quarter and said it was on track to meet its full-year targets as it downplayed reports it was losing ground to rival Apple Music in the United Sates. FILE PHOTO: The Spotify logo is displayed on a screen […]

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Zuckerberg loses $16 billion in record Facebook fall

(Reuters) – Facebook Inc Chief Executive Officer Mark Zuckerberg’s fortune took an almost $16 billion hit on Thursday, as the social media giant headed for the biggest one-day wipeout in U.S. stock market history, a day after executives forecast years of lower profit margins. At least 16 brokerages cut their price targets on Facebook after […]

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Facebook buys Israeli messaging company Redkix

TEL AVIV (Reuters) – Israel’s Redkix, whose product combines email and team messaging, said on Thursday it has agreed to be acquired by Facebook, where it will join the Workplace team to help companies collaborate. FILE PHOTO: People are silhouetted as they pose with mobile devices in front of a screen projected with a Facebook […]

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U.S. Treasury chief: ‘Disappointed’ Qualcomm deal not ok’d: CNBC

WASHINGTON (Reuters) – U.S. Treasury Secretary Steven Mnuchin on Thursday said he was very disappointed over Qualcomm Inc’s (QCOM.O) failed bid to buy NXP Semiconductors NV (NXPI.O) after China did not approve the deal, calling it “unfortunate.” “I’m very disappointed that they didn’t get regulatory approval,” Mnuchin told CNBC in an interview. “Unfortunately, I think […]

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Einstein’s theory of relativity passes yet another test

More than a century after Albert Einstein proposed it, his theory of general relativity has passed another test. With giant telescopes pointed at the center of our galaxy, a team of European researchers observed a fast-moving star that got close to a monstrous black hole. They saw that the black hole distorted the light waves […]

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Stock market newbie Spotify hits targets in race with Apple Music

LONDON (Reuters) – Music streaming leader Spotify’s (SPOT.N) paid subscriptions rose 10 percent in the second quarter, thanks to family plans that attracted new users and kept them loyal as the Swedish company races to stay ahead of Apple Music (AAPL.O). FILE PHOTO: The Spotify logo is displayed on a screen on the floor of […]

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