global-growth
Cloud business boosts Microsoft’s quarterly revenue, shares rise
July 20, 2016 by admin · Leave a Comment
“Only two companies are setting the tone of enterprise computing, Microsoft Azure and Amazon AWS,” said Trip Chowdhry, managing director of Global Equities Research, referring to Amazon.com Inc's web services unit. Microsoft's revenue in what it calls its “intelligent cloud” businesses, which includes the Azure cloud platform and server software, rose 7 percent to $6.7 billion. Revenue for Azure – which customers can use to host their website, apps or data –
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Cloud business boosts Microsoft’s quarterly revenue, shares rise
global-growth
Three U.S. states sue Volkswagen, say executives covered up diesel cheating
July 20, 2016 by publisher · Leave a Comment
By David Shepardson WASHINGTON (Reuters) – Senior executives at Volkswagen AG including its former chief executive covered up evidence that the German automaker had cheated on U.S. diesel emissions tests for years, three U.S. states charged on Tuesday in civil lawsuits against the company. New…
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Three U.S. states sue Volkswagen, say executives covered up diesel cheating
global-growth
Fox News, Ailes in negotiations over his exit: source
July 20, 2016 by publisher · Leave a Comment
Roger Ailes, who built Fox News into a profitable ratings powerhouse, and Twenty-First Century Fox Inc are in negotiations over his departure from the cable news channel following allegations of sexual harassment, a person briefed on the discussions said Tuesday. A Fox statement said a legal review into the accusations was ongoing and that Ailes was working. Ailes' attorney, Susan Estrich, told CNN that there was no deal yet and any announcement on an agreement would be made by Twenty-First Century
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Fox News, Ailes in negotiations over his exit: source
global-growth
Asia slips after Wall Street loses steam, dollar clings to gains
July 20, 2016 by creative · Leave a Comment
Global risk appetite, which has recovered rapidly from the Brexit shock late in June, received a sobering reminder after the International Monetary Fund (IMF) cut its global growth forecasts for the next two years on Tuesday, citing uncertainty over Britain's looming exit from the European Union. MSCI's broadest index of Asia-Pacific shares outside Japan fell 0.1 percent, putting some distance between …
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Asia slips after Wall Street loses steam, dollar clings to gains