Tagged: Company coverage

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Thomson Reuters profit, revenue both fall

Thomson Reuters Corp., the parent of the Reuters newswire, reported that its second-quarter profit slumped 73 percent as revenue continued to decline, while the company logged lower gains from divestitures, writes Saabira Chaudhuri of...

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Companies holding onto more cash

A survey released Monday showed that corporations are beginning to hold onto more cash, many citing worries about the Federal Reserve’s monetary policy as the reason for the hoarding. Here’s the story from the...

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Coverage of Loeb leaving Yahoo board

Daniel Loeb, the activist hedge fund manager, is selling the majority of his stake in Yahoo and stepping down from the board of directors. This follows disappointing earnings and has many wondering just what...

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More tech earnings and their significance

International Business Machines’ earnings dropped this quarter, typically an indicator of technology spending by business and government, the Wall Street Journal said. On the same day, Intel cut its 2013 revenue forecast and said...

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Covering Yahoo’s second-quarter falter

Posting a quarterly profit isn’t enough for Yahoo CEO Marissa Mayer. The earnings coverage on Tuesday across the board called the results “faltering” and called into question her ability to turn the ailing Internet...

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China accuses GlaxoSmithKline of bribery

In a case of man bites dog, the Chinese government is accusing GlaxoSmithKline of bribery. It’s definitely a twist, but the allegations from the Chinese government are likely to send ripples through the international...