Asian shares bounce back, but rising U.S. yields pose risks

TOKYO (Reuters) – Asian shares eked out modest gains on Thursday, clawing back sharp losses from earlier this week, however, rising U.S. bond yields and interest rates could dampen investors’ optimism toward the global economic outlook. The U.S. Federal Reserve kept interest rates on hold as expected at its first policy meeting in 2018 on […]

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With Samsung deal, Qualcomm doubles down on licensing practices

(Reuters) – Qualcomm Inc on Wednesday aimed to show shareholders that its licensing practices still have a future after having come under scrutiny from antitrust regulators around the world as well as from major customer Apple Inc. The disputes over the practices have even weakened Qualcomm’s financials enough to make it the target of a […]

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Top Goldman executive says women still not adequately represented in its workforce

NEW YORK (Reuters) – Despite making some progress in recent years, Goldman Sachs Group Inc (GS.N) has not raised the proportion of women in its workforce to an adequate level, especially in senior management, one of its top executives said on Wednesday. David Solomon, the Wall Street bank’s co-president and co-chief operating officer, said Goldman […]

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Two U.S. lawmakers voice concerns over Philip Morris tobacco trials

WASHINGTON (Reuters) – Two Democratic U.S. senators said they have fresh concerns over clinical trials conducted by Philip Morris International Inc (PM.N) as it seeks U.S. clearance to market its iQOS electronic tobacco product as less risky than cigarettes, according to statements both senators provided to Reuters. Senator Dick Durbin of Illinois and Richard Blumenthal […]

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Qualcomm profit beats estimates but weak China mobile sales weigh on outlook

(Reuters) – Chipmaker Qualcomm Inc’s (QCOM.O) profit and revenue beat expectations as demand surged for its chips used in smartphones and cars, but an earnings forecast for the current quarter fell below analysts’ estimates due to tepid mobile sales in China. China’s smartphone market in 2017 was weaker than expected with 4G handset shipments down […]

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Facebook shares rebound after optimism about ad revenue

(Reuters) – Facebook Inc (FB.O) shares rose after hours on Wednesday after the social media network said that fewer hours spent on its flagship News Feed might would not necessarily hurt its highly profitable digital advertising business. Shares of the company were up 1 percent at $188.64 after reporting quarterly results after the bell, reversing […]

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Sears lays off 220 employees

(Reuters) – Struggling retailer Sears Holding Corp (SHLD.O) said it laid off about 220 employees primarily at its corporate headquarters in Hoffman Estates, Illinois, effective immediately. Positions in various business units and roles across the organization were impacted, Sears spokesman Howard Riefs told Reuters. The move is part of the department store chain’s ongoing restructuring […]

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Facebook stock falls 4 percent as user time dips, revenue growth slows

(Reuters) – Facebook Inc (FB.O) said on Wednesday that time spent on the social network fell at the end of last year by about 50 million hours a day, even before the company made changes to its flagship News Feed that may further reduce user engagement. Shares of the company were down 4.1 percent at […]

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