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Samsung Electronics forecasts fourth-quarter profit at over three-year high

January 6, 2017 by · Leave a Comment 

Samsung Electronics Co Ltd said on Friday its fourth-quarter profit likely leapt 50 percent from a year earlier to its highest level in more than three years, beating expectations on strong chip sales …

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Samsung Electronics forecasts fourth-quarter profit at over three-year high

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Verizon executive says company unsure about Yahoo deal

January 6, 2017 by · Leave a Comment 

Yahoo came under renewed scrutiny by federal investigators and lawmakers last month after disclosing the largest known data breach in history, prompting Verizon to demand better terms for its planned purchase. “I can't sit here today and say with confidence one way or another because we still don't know,” Marni Walden, president of product innovation and new businesses at

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Verizon executive says company unsure about Yahoo deal

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Exclusive: Hershey CEO Bilbrey prepares to step down – sources

October 14, 2016 by · Leave a Comment 

(Reuters) – The chief executive of Hershey Co , the chocolate company that Oreo cookie-maker Mondelez International Inc tried to acquire earlier this year, is preparing to step down by next summer, people familiar with the matter told Reuters on Thursday.

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Exclusive: Hershey CEO Bilbrey prepares to step down – sources

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Verizon says Yahoo hack ‘material,’ could affect deal

October 14, 2016 by · Leave a Comment 

By David Shepardson WASHINGTON (Reuters) – Verizon Communications Inc said on Thursday it has a “reasonable basis” to believe Yahoo Inc's massive data breach of email accounts represents a material impact that could allow Verizon to withdraw from its $4.83 billion deal to buy the technology company. Verizon's general counsel Craig Silliman told reporters at a roundtable in Washington…

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Verizon says Yahoo hack ‘material,’ could affect deal

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U.S. private payrolls rise solidly; pending home sales jump

August 31, 2016 by · Leave a Comment 

U.S. private employers maintained a steady pace of hiring in August and contracts to buy previously owned homes surged in July, suggesting the economy was regaining sufficient momentum for the Federal Reserve to raise interest rates this year. Other data on Wednesday …

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U.S. private payrolls rise solidly; pending home sales jump

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Verizon emerges as front-runner in Yahoo auction: sources

July 23, 2016 by · Leave a Comment 

Yahoo Inc is focusing on U.S. telecommunications company Verizon Communications Inc as the buyer of its core business after reviewing final bids that it received this week, people familiar with the matter said on Friday. A deal would boost Verizon's AOL internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well other assets such as search, mail, messenger and real estate. The sale would…

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Verizon emerges as front-runner in Yahoo auction: sources

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Verizon’s bid for Yahoo’s web assets topped by others: source

June 9, 2016 by · Leave a Comment 

(Reuters) – Verizon Communications Inc did not submit the highest offer this week in the second round of bidding for Yahoo Inc's core internet assets, according to a person familiar with the matter. No committed financing was required for second-round bids, and Yahoo will put together in the coming days a new shortlist of

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Verizon’s bid for Yahoo’s web assets topped by others: source

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Shares set for monthly gains, dollar buoyed by Fed outlook

May 31, 2016 by · Leave a Comment 

By Anirban Nag LONDON (Reuters) – Global shares steadied at one-month highs on Tuesday, on track for a third straight month of gain, while the dollar held strong near two-month peaks on expectations the U.S. interest rates could rise next month. “In an environment of dollar strength, the People's Bank of China may well be forced to further depreciate the renminbi, risking the possibility of a…

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Shares set for monthly gains, dollar buoyed by Fed outlook

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Verizon, unions agree to pay raises, new jobs to end strike

May 31, 2016 by · Leave a Comment 

One analyst called the deal “very rich” for workers at Verizon, the No. 1 U.S. wireless provider, which reached the tentative pact with the Communications Workers of America (CWA) on Friday. The CWA said Verizon agreed to provide a 10.9 percent raise over four years while Verizon put the increase at 10.5 percent. According to the CWA, both numbers are correct, with the union's

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Verizon, unions agree to pay raises, new jobs to end strike

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Verizon and unions reach tentative deal to end strike

May 28, 2016 by · Leave a Comment 

Verizon Communications Inc and unions representing nearly 40,000 wireline workers have reached a tentative deal “in principle” to end a strike that started April 13th, U.S. Secretary of Labor Thomas Perez said on Friday. Shares in Verizon, the No. 1 U.S. wireless company, jumped as much as 1.2 percent after the announcement and in afternoon trading were up almost 1 …

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Verizon and unions reach tentative deal to end strike

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