Microsoft Corp. took a $13.8 billion charge related to the new U.S. tax law but reported significant growth in its cloud operations, the business fueling the company’s resurgence.
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Thursday, February 1, 2018
Big Oil Returns to Drilling---but on a Budget
Big oil companies are resuming ambitious offshore projects, but this time they are keeping spending in check, as investors urge them to avoid a repeat of their overspending in the last oil rally.
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Qualcomm Expands Licensing Deal With Samsung
Qualcomm Inc. entered into an expanded deal with one of its biggest customers and beat revenue estimates in its latest quarter even as it swung to a deep loss.
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Instagram Is Turning Into Facebook, and That's Bad
Facebook Inc. has owned Instagram since 2012 but the two have felt totally different—until recently, when Instagram started using many of the same digital tricks Facebook pioneered to keep you scrolling longer.
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Lenovo Books Loss on U.S. Asset Charges
Lenovo took a $400 million charge following the U.S. tax overhaul, pushing it to a net loss in the third quarter and missing analyst expectations as its mobile unit continued to struggle.
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Wednesday, January 31, 2018
Food Distributors Accuse Tyson, Others of Manipulating Chicken Prices
The two largest food-distribution companies in the U.S. separately accused Tyson Foods, Pilgrim’s Pride, Sanderson Farms and other poultry suppliers of manipulating wholesale chicken prices.
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Fox Wins Rights to NFL Thursday Night Games in Five-Year Deal
Fox Broadcasting has secured the broadcast television rights to the National Football League’s Thursday night football package for the next five years.
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