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Facebook shares hit record high as market likes earnings

- Shares of Facebook Inc hit a record high on Thursday after a surge in mobile advertising revenue helped the world's No. 1 social network trounce analysts' expectations for quarterly profit and revenue. | Video

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LG Electronics flags further mobile improvement after Q2 profit jump

SEOUL - LG Electronics Inc signalled further improvement in its mobile business after record smartphone sales propelled the South Korean manufacturer to its highest quarterly profit in more than three years.

Media 7:07am EDT

Swatch Group denies working with Apple on smartwatch

ZURICH - Swiss watchmaker Swatch Group has denied a media report saying it was working with technology company Apple on a smartwatch, a wearable device with interactive functions.

Media, iPad 7:43am EDT

ECB says website hacked, no sensitive data affected

FRANKFURT - The European Central Bank said on Thursday its website had been hacked and some email addresses and other contact information stolen but insisted no market-sensitive data were affected.

7:18am EDT

China regulator determines Qualcomm has monopoly: state-run newspaper

BEIJING - China's antitrust regulator has confirmed that Qualcomm Inc, one of the world's biggest mobile chipmakers, has a monopoly, the state-run Securities Times newspaper reported on Thursday, as Qualcomm's chief executive held talks in China.

China 5:51am EDT

In China, Apple's focus pays off while Samsung feels squeeze

BEIJING - The mobile industry has long held that Samsung's broad range of mobile devices makes it nimble in changing markets, while Apple loses out by rigidly sticking to its high-end gadgets.

China, iPad, Media 7:55am EDT

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