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Microsoft profit dips but beats estimate

The Microsoft logo is seen at their offices in BucharestSEATTLE (Reuters) - Microsoft Corp said on Thursday fiscal third-quarter profit fell 7 percent, as sales of personal computers continued to slide, hurting its consumer business. The world's largest software company reported quarterly profit of $5.66 billion, or 68 cents peer share, compared with $6.05 billion, or 72 cents, in the year-ago quarter. However, the decline was exaggerated by deferred revenues boosting the year-ago figure, and the latest quarter's profit beat Wall Street's average estimate of 63 cents per share. (Reporting by Bill Rigby; Editing by Cynthia Osterman)


Amazon posts higher-than-expected first-quarter revenue

A box from Amazon.com is pictured on the porch of a house in GoldenSAN FRANCISCO (Reuters) - Amazon.com Inc reported a 32-percent jump in first-quarter net income on Thursday as the largest U.S. online retailer's revenue rose a better-than-expected 23 percent. The e-commerce giant, which is also rapidly expanding its line-up of devices and computing services to sustain its pace of growth, reported earnings per share of 23 cents, in line with Wall Street expectations. Revenue rose to $19.74 billion (11.74 billion pounds), slightly beating expectations of a 21 percent jump to $19.4 billion, according to Thomson Reuters I/B/E/S. ...


Microsoft 3Q earnings beat Street expectations

FILE - In this April 2, 2014 file photo, Microsoft CEO Satya Nadella gestures during the keynote address of the Build Conference in San Francisco. Microsoft reports quarterly earnings on Thursday, April 24, 2014. (AP Photo/Eric Risberg, File)REDMOND, Wash. (AP) — Microsoft Corp. posted flat revenue and a decline in net income for the fiscal third quarter. The results still beat analyst expectations.


Stocks edge higher on earnings gains; Apple up

Randy Beller, right, works with fellow traders on the floor of the New York Stock Exchange Thursday, April 24, 2014. Mixed earnings from a large number of U.S. companies left the stock market without direction early Thursday, despite positive results from a handful of names including Apple and Caterpillar. (AP Photo/Richard Drew)NEW YORK (AP) — Stocks are finishing slightly higher, led by the technology sector after Apple reported a big earnings gain.


Apple lifts S&P 500, Nasdaq; Dow ends flat

Traders work on the floor of the New York Stock ExchangeNEW YORK (Reuters) - U.S. stocks ended mostly higher in a choppy session on Thursday, powered by a rally in Apple shares a day after the iPad maker's strong results, though tensions in Ukraine limited gains. Based on the latest available data, the Dow Jones industrial average was unchanged to end unofficially at 16,501.65. The S&P 500 gained 3.22 points or 0.17 percent, to 1,878.61. The Nasdaq Composite added 21.372 points or 0.52 percent, to close at 4,148.338. (Reporting by Caroline Valetkevitch; Editing by Jan Paschal)


G8 will produce lots of chatter, but not much else

Any time eight of the world's most powerful heads of state gather in one room, there will be plenty to talk about. But much of the most important jawboning and arm-twisting happens behind the scenes.Any time eight of the world's most powerful heads of state gather in one room, there will be plenty to talk about. But much of the most important jawboning and arm-twisting happens behind the scenes.


Stocks close in the red on concerns Fed will pare back stimulus

Stocks closed out a volatile week on Wall Street broadly in the red Friday, as investors digested a batch of mixed economic reports amid lingering concerns over whether central banks will pare back their stimulus programs.Stocks closed out a volatile week on Wall Street broadly in the red Friday, as investors digested a batch of mixed economic reports amid lingering concerns over whether central banks will pare back their stimulus programs.


Financial markets suffering a crisis of confidence

With investors dumping assets ranging from bonds, currencies to equities, there appears to be a lack of hope among investors that central bank policies can generate real economic recovery, said strategists.With investors dumping assets ranging from bonds, currencies to equities, there appears to be a lack of hope among investors that central bank policies can generate real economic recovery, said strategists.


Jobless claims drop, showing labor market still healing
The number of Americans filing new claims for jobless benefits fell last week, nearing its lowest level in five years in a sign of resilience for the U.S. labor market.

What's behind the spike in pump prices where you are?

After prices spiked much higher than average in several parts of the country, a lot of drivers are wondering why they're suddenly shelling out more to fill up.After prices spiked much higher than average in several parts of the country, a lot of drivers are wondering why they're suddenly shelling out more to fill up.


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