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United States

Akanksha Rana

Cisco beats earnings target, says has cushioned supply chain from tariffs

May 15 2019

Cisco Systems Inc reported better-than-expected quarterly earnings on Wednesday and gave an upbeat sales forecast for the current period, saying that minimal sales exposure to China and changes to its supply chains have helped cushion the blow of U.S.-China trade dispute.

Tencent Music charges for more content as paying users drive profit beat

May 14 2019

BEIJING China's Tencent Music Entertainment Group said it had started charging for more of its content in the first quarter as the popularity of its pay-for-streaming services helped drive up profit to above expectations.

Facebook raises minimum wage for U.S. contract workers to $20/hour

May 13 2019

Facebook Inc said on Monday it was raising its minimum wage for all U.S. contract workers, reacting to rising costs of living as it faces intense scrutiny over the treatment of ordinary employees and their pay.

GoPro raises revenue forecast on strong demand for new cameras

May 09 2019

GoPro Inc raised its full-year revenue forecast and reported a smaller-than-expected loss on Thursday, boosted by strong demand for its new line of action cameras from its flagship brand HERO, sending its shares up 13 percent.

Intel shares drop, three-year outlook seen lagging rivals

May 08 2019

SAN FRANCISCO Intel Corp shares declined 2.5 percent on Wednesday after executives forecast modest profit growth over the next three years, signaling it is likely to lag big rivals as the once-dominant chipmaker catches up in technology.

UPDATE 2-Sprint loses more phone subscribers than feared in 4th quarter

May 07 2019

May 7 Sprint Corp on Tuesday reported deeper losses than feared of monthly phone subscribers despite discount offerings, raising concerns that the wireless carrier may not be sustainable if its pending merger with T-Mobile is not approved.

Tesla boosts capital raise to $2.7 billion, Musk buys more stock

May 03 2019

Tesla Inc on Friday was set to raise up to $2.7 billion in a record-setting capital raising for the electric carmaker, as investors scooped up a mix of new stock and convertible notes that will recharge the company's cash-depleted balance sheet.

Tesla ends 'Spartan diet' and seeks $2.3 billion to fund expansion

May 02 2019

Tesla Inc will raise up to $2.3 billion (1.7 billion pounds) in new capital, renouncing what Elon Musk called a "Spartan diet" and easing Wall Street concerns about the money-losing company's ability to overcome a drop in sales and build new product lines. | Video

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