Companies

Facebook Beats 2Q Forecasts, User Numbers Grow, Stock Soars

The Facebook logo displayed on an iPad in Philadelphia on May 16, 2012. Facebook says it’s cracking down on online gun sales, with a new policy that bars private individuals from advertising or selling firearms on the world’s largest social network, on Jan. 29, 2016. (AP Photo/Matt Rourke)
The Facebook logo displayed on an iPad in Philadelphia on May 16, 2012. Facebook says it’s cracking down on online gun sales, with a new policy that bars private individuals from advertising or selling firearms on the world’s largest social network, on Jan. 29, 2016. (AP Photo/Matt Rourke)

NEW YORK—Facebook’s stock is trading higher after the world’s biggest social media company handily surpassed Wall Street’s expectations for the second quarter, barreling ahead on...




  • FILE - In this July 22, 2016 file photo, Japanese students play "Pokemon Go" in the street as its released in Tokyo. Japanese video game maker Nintendo Co. has sunk into a loss of 24.53 billion yen ($232 million) for the fiscal first quarter through June, 2016 despite the global success of the “Pokemon Go” augmented reality game. The result Wednesday, July 27, 2016, was worse than the 673 million yen ($6.4 million) profit forecast by analysts surveyed by FactSet. (AP Photo/Koji Sasahara, File)

    Nintendo Sinks Into Loss Despite ‘Pokemon Go’ Global Success

    TOKYO—Japanese video game maker Nintendo Co. sagged into a loss of 24.53 billion yen ($232 million) for the fiscal first quarter through June, despite the... Read more

  • The LG G5 smartphone is used to take a photo as the device is demonstrated in New York. (AP Photo/Bebeto Matthews)

    Apple Supplier LG Display Puts $1.8B Into Flexible Displays

    SEOUL, South Korea—LG Display Co., a supplier of Apple’s iPhone screens, said Wednesday that it will invest 1.99 trillion won ($1.75 billion) to produce flexible... Read more

  • A BP sign is viewed at a gas station in Brooklyn on February 2, 2016 in New York City. (Photo by Spencer Platt/Getty Images)

    Energy Company BP Says 2Q Earnings Fell 45 Percent

    LONDON—BP’s second-quarter earnings fell 45 percent as lower oil prices hit the British energy company. Underlying replacement cost profit, which excludes one-time items and fluctuations... Read more

  • Lady Serenade (Courtesy of Glasshütte Original)

    Swiss Watch Exports Collapse

    Swiss watch exports fell 16 percent year-on-year in June 2016, logging the highest ever drop according to the Federation of the Swiss Watch Industry. China... Read more

  • Inside the Yahoo headquarters in Sunnyvale, Calif., Nov. 5, 2014. (AP Photo/Marcio Jose Sanchez)

    Yahoo’s Evolution From Rising to Fading Internet Star

    1994 Stanford University computer graduate students Jerry Yang and David Filo begin compiling “David’s and Jerry’s Guide to the World Wide Web” in a trailer... Read more

  • Logos are seen on a laptop, Monday, July 25, 2016, in North Andover, Mass. Verizon is buying Yahoo for $4.83 billion, marking the end of an era for a company that once defined the internet. It is the second time in as many years that Verizon has snapped up the remnants of a fallen internet star as it broadens its digital reach. (AP Photo/Elise Amendola)

    Seeking Wider Digital Audience, Verizon Buys Yahoo for $4.8B

    SAN FRANCISCO—Seeking a wider digital audience, Verizon is buying Yahoo for $4.83 billion in a deal that marks the end of an era for a... Read more

  • (AP Photo/Mel Evans, File)

    Verizon Said to Be Buyer of Yahoo for $5 Billion: Reports

      NEW YORK—Verizon has agreed to buy online portal Yahoo Inc. for roughly $5 billion, according to multiple media reports, each citing a single unnamed... Read more

  • Hopscotch

    Coding for Kids

    Kids are amazing at learning new technologies. They can learn to use smartphones or tablets before they are able to talk. But merely using new... Read more

  • Amazon CEO Jeff Bezos introduces the new Amazon Fire Phone in Seattle on June 18, 2014. (AP Photo/Ted S. Warren, File)

    Amazon’s Bezos Moves Past Buffett on World’s Richest List

    NEW YORK—A rough day on Wall Street for Warren Buffett means Amazon’s Jeff Bezos is now the third richest person in the world. Bloomberg’s billionaire... Read more

  • Pigeons are seen in front the Nasdaq MarketSite in New York's Times Square in New York City on June 16, 2015. (KENA BETANCUR/AFP/Getty Images)

    Why Startups Can’t Raise Money in Public Markets

    The global IPO market has slowed down in the first half of 2016 because of increasing financial market volatility. Many companies who want to raise... Read more

  • Reclaiming beauty from discarded bullet cases and bomb shells: jewellery designer Lucy Georgeson and ethical fashion brand founder Taeko Ohyama (Si Gross/Epoch Times)

    From Bullets to Bling

    LONDON, U.K.—This jewellery is solid and strong – strong enough to carry an enduring story. At the same time it’s paradoxical: objects once linked only... Read more

  • In this undated photo provided by Macy's Inc., the department store's new mobile tool is demonstrated. Macy’s is testing a new mobile tool that uses artificial intelligence to help customers navigate throughout the store. It comes as the nation’s largest department store chain tries to improve customer experience in the wake of sluggish sales and stiffer competition. (Tristan Fuge/Macy's Inc. via AP)

    Macy’s Tests Artificial Intelligence Tool to Improve Service

    NEW YORK—Macy’s is testing a mobile tool using artificial intelligence that lets shoppers get answers customized to the store they’re in — like where a... Read more

  • during a game of Pokemon Go, a mobile game that has become a global phenomenon, on July 15, 2016 in London, England. The app lets players roam using their phone's GPS location data and catch Pokemon to train and battle.The game has added millions to the value of Nintendo, which part-owns the franchise. (Photo by Olivia Harris/Getty Images)

    ‘Pokemon Go’ Doubles Nintendo’s Stock Price and Market Cap

    TOKYO—The stock price of Japanese game maker Nintendo Co. has more than doubled since the launch of the wildly popular augmented reality game “Pokemon Go”... Read more

  • FILE - In this Nov. 4, 2014, file photo, SoftBank founder and Chief Executive Officer Masayoshi Son speaks during a news conference in Tokyo. Japanese technology company SoftBank Group Corp. is buying British semiconductor company ARM Holdings for $31 billion. The agreement, disclosed Monday, July 18, 2016, underlines SoftBank's desire to expand in the Internet of Things, which refers to how almost anything these days has become a computer device that can connect online. SoftBank said ARM has a solid reputation as an innovator in the Internet of Things. (AP Photo/Eugene Hoshiko, File)

    Japan’s Softbank to Acquire ARM of UK for $31 Billion

    TOKYO—Japanese technology company SoftBank Group Corp. is buying British semiconductor company ARM Holdings for $31 billion. The agreement, disclosed Monday, underlines SoftBank’s desire to expand... Read more

  • Line Corp. President and CEO Takeshi Idezawa speaks during a press conference in Tokyo, Friday, July 15, 2016.   Line Corp.'s shares surged in its debut on the Tokyo Stock Exchange, following its initial public offering in New York, as investors cashed in on the popular Japanese messaging app that features emoticons.  Line,  which offers a popular mobile message and online voice-call service,  rose Friday above its IPO price of 3,300 yen, settling at 4,345 yen. It cost $41.58 in New York on Thursday. (AP Photo/Koji Sasahara)

    Japanese Messaging App Line Shares Surge in Debut in Tokyo

    TOKYO—Line Corp.’s shares surged in its debut on the Tokyo Stock Exchange on Friday, a day after its initial public offering in New York, as... Read more

  • PATRULL FAST safety gate (Source: CPSC)

    IKEA Recalls Safety Gates and Extensions Due to Fall Hazard

    About 80,000 IKEA safety gates and gate extensions, in addition to around 28,000 units in Canada, were recalled on July 14 due to a fall hazard... Read more

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