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Facebook trounces Wall Street estimates with sharp ad sales growth

Facebook Inc's quarterly profit and revenue blew past Wall Street estimates on Wednesday, sending its shares to a record high, as the social media company's popular mobile app and push into video attracted new advertisers and encouraged existing ones to spend more.

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

WARSAW 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.

Deals 10:31am EDT

IBM steps up efforts in fight against Zika

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

Health, 9:34am EDT

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

STOCKHOLM 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.

Entertainment, 10:53am EDT

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

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.

5:26pm EDT

Comcast profit drops on film sales, beats Wall Street estimates

NEW YORK Comcast Corp reported a 5 percent drop in quarterly earnings 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.

12:26pm EDT