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Samsung posts weaker profit recovery as it misses out on AI boom

By Hyunjoo Jin and Heekyong Yang SEOUL (Reuters) -Samsung Electronics said its third-quarter profit jumped from a year earlier, but the pace of recovery...

33 mins ago

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Blackstone nears $5 billion Rogers investment, the Globe and Mail reports

(Reuters) – Private equity firm Blackstone (NYSE:BX) Inc is bidding C$7 billion ($5.03 billion) for a minority stake in telecom and media company Rogers...

33 mins ago

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Lemonade earnings beat by $0.07, revenue topped estimates

Investing.com – Lemonade (NYSE: LMND) reported third quarter EPS of $-0.95, $0.07 better than the analyst estimate of $-1.02. Revenue for the quarter came...

34 mins ago

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PepsiCo, retailers share purchase data to improve sales forecasting, exec says

By Richa Naidu and Jessica DiNapoli AMSTERDAM/NEW YORK (Reuters) – PepsiCo (NASDAQ:PEP), which is overhauling some of its top brands like Lay’s potato chips...

34 mins ago

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Exclusive-China tells carmakers to pause investment in EU countries backing EV tariffs, sources say

SHANGHAI (Reuters) -China has told its automakers to halt big investment in European countries that support extra tariffs on Chinese-built electric vehicles, two people...

34 mins ago

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Microsoft forecasts slower cloud business growth in second quarter

By Deborah Mary Sophia, Aditya Soni and Anna Tong (Reuters) -Microsoft predicted increased spending on artificial intelligence this quarter but slower growth in its...

3 hours ago

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Electrolux Q3 profit lags expectations

STOCKHOLM (Reuters) -Sweden’s Electrolux, the world’s second-biggest appliances maker, reported on Friday a smaller third-quarter adjusted operating profit than expected but said losses at...

6 days ago
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