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Posts Tagged ‘Apple’

Apple’s Earnings Send Company’s Market Cap Below $1 Trillion

Shares of Apple were falling after the company reported mixed fourth quarter results. The iPhone maker saw its market cap fall below the $1 trillion mark as Wall Street digested the report. For the fourth quarter, Apple sold 46.9 million iPhones while analysts were expecting 48.4 million handsets. In the quarter a year ago, Apple…

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Facebook and Other Tech Giants to Be Hit with Big UK Tax

A new tax was announced recently by Britain’s chancellor that will target tech companies like Facebook, Amazon, and Google. The new 2% tax, which will take effect in 2020, was announced by finance minister Philip Hammond. Hammond stated, “It is only right that these global giants, which are profitable in the UK, pay their fair…

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Google Says It has Fired 48 Employees for Sexual Misconduct

In light of a recent New York Times story that said Google had protected several executives including Android creator Andy Rubin, from sexual misconduct allegations, the company’s CEO has sent an e-mail to employees in response. The email from CEO Sundar Pichai and Eileen Naughton, Google’s vice president of people operations, was obtained by CNBC…

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Amazon’s Earnings Just Made Microsoft the Second Most Valuable Company

What may have been disappointing for Amazon proved to be very lucrative for Microsoft. Amazon delivered third quarter earnings that beat expectations but also delivered an outlook for the fourth quarter that trailed. Shares of the e-commerce giant ank 10% in pre-market trading ahead of the company’s report. It was the biggest decline since January…

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IBM Is Making its Biggest Transaction Ever by Buying This Company

Over the weekend, tech giant IBM Corp. announced that it has agreed to acquire Red Hat Inc. for a whopping $34 billion. The acquisition is the largest to date for the company. IBM will be paying $190 a share in cash for the U.S. software company to acquire all of Red Hat’s issued and outstanding…

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