Bytes and barrels: the origins of oil traders' love of Yahoo

NEW YORK (Reuters) - For the oil industry, Yahoo Inc's decision this week to sell its core business to Verizon Communications Inc for $4.8 billion does not matter all that much. Their world already changed a few months ago, when the company said it would jettison its messaging system that has been t...

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Brazil prosecutor freezes $11.7 million of Facebook funds due to WhatsApp case

SAO PAULO (Reuters) - The public federal prosecutor in the Brazilian state of Amazonas said on Wednesday the court there froze 38 million reais ($11.7 million) of funds held in Facebook Inc's account for failing to comply with a court order to supply data on users of the company's WhatsApp messaging...

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Samsung Electronics says second-quarter profit up 18 percent versus year earlier

SEOUL (Reuters) - South Korean tech giant Samsung Electronics Co Ltd said on Thursday its second-quarter operating profit rose 18 percent from a year earlier to its best in more than two years, propelled by a pickup in smartphone earnings.

Nintendo's Mario eyes a Mickey Mouse merchandising makeover

TOKYO (Reuters) - Flush with the stunning popularity of the Pokemon GO mobile game, Nintendo aims to make more from marketing popular characters such as Super Mario, taking a leaf from the Walt Disney playbook where Mickey Mouse and friends bring in billions of merchandising dollars each year.

Disappointing earnings revive speculation on Twitter's future

SAN FRANCISCO (Reuters) - Twitter Inc disappointed investors yet again on Tuesday with second-quarter earnings that missed estimates and a lower-than-expected outlook, reviving chatter about a possible sale of the company and the future of Chief Executive Officer Jack Dorsey.

Facebook trumps estimates on blistering ad sales growth

(Reuters) - Facebook Inc's quarterly profit and revenue blew past Wall Street estimates as the company's hugely popular mobile app and a push into video attracted new advertisers and encouraged existing ones to spend more.

GoPro revenue plunges 47 percent, but beats estimates

(Reuters) - GoPro Inc's quarterly revenue plunged 47.4 percent, but beat analysts' estimates, which have been sharply lowered on shrinking demand for the company's body-mounted point-of-view cameras.

Fast growth, dating services come between Sofi and bank license: CEO

(Reuters) - Online lender Social Finance Inc is unlikely to seek a banking license because its fast growth and involvement in unorthodox activities like dating services would make it hard to win approval from regulators, according to its chief executive.

SFR plans to shed 5,000 jobs from 2017 to 2019: unions

PARIS (Reuters) - SFR Group, France's second-biggest telecoms operator, plans to shed 5,000 staff - a third of its workforce - between 2017 and 2019, two union representatives told Reuters on Wednesday.

YouTube star PewDiePie's firm rakes in $8 million profit

STOCKHOLM (Reuters) - YouTube video star PewDiePie's company made 70 million crowns ($8.1 million) profit in 2015, an annual report filed in Sweden showed, following controversy over payments for video game promotion.

Exclusive: Alibaba, eBay, CVC bid for Polish auction site Allegro - sources

WARSAW (Reuters) - Chinese e-commerce group Alibaba , U.S. online retailer eBay Inc , and private equity firm CVC Capital Partners are among the bidders for Eastern Europe's No.1 auction website Allegro from South Africa's Naspers , sources said.

IBM steps up efforts in fight against Zika

(Reuters) - International Business Machines Corp said on Wednesday it would provide its technology and resources to help track the spread of the Zika virus.

As iPhone sales stagnate, services promise growth for Apple

(Reuters) - Though Apple Inc is selling enough iPhones to keep investors happy for now, the world's most valuable publicly traded company is set increasingly to rely on its apps and services to drive growth.

UAE's Pacific Controls in bank talks about 1.4 billion dirhams debt

DUBAI (Reuters) - Pacific Controls, a Dubai-based technology company, is in talks with banks about restructuring debts of 1.4 billion dirhams ($381 million), sources told Reuters, one of the largest firms to have to do so since the emirate's economy began to slow.

Twitter's video push seen unlikely to fast-forward revenue growth

(Reuters) - Video may have killed the radio star, but it could offer a lifeline to Twitter Inc .

Subscriber additions drive T-Mobile's revenue, profit beat

(Reuters) - T-Mobile US Inc reported better-than-expected quarterly revenue and profit as the No.3 U.S. wireless carrier added subscribers due to heavy discounts and promotions.

Comcast profit drops on film sales, beats Wall Street estimates

NEW YORK (Reuters) - Comcast Corp reported a 5 percent drop in quarterly profit on Wednesday, hurt by lower film division sales, but managed to beat Wall Street expectations due to growth in its business services and high-speed internet units.

Nintendo in wider-than-expected first-quarter loss, but hopes high for Pokemon GO

TOKYO (Reuters) - Japan's Nintendo Co Ltd booked an operating loss in the first quarter, hurt by unfavorable currency rates although hopes for long-term growth are running high on the worldwide success of Pokemon GO.

Japan's Line Corp swings to first-half net profit on ad revenue boost

TOKYO (Reuters) - Japan's Line Corp, reporting earnings for the first time since listing, on Wednesday said it swung to a profit in the first half of the year as advertising revenue soared.

ARM, soon to be bought by Softbank, posts second-quarter profit rise

LONDON (Reuters) - British chip designer ARM Holdings, which earlier this month agreed to be bought by Softbank Group Corp for $32 billion, reported a 5 percent rise in second quarter profit on Wednesday.