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Twitter is profitable again in 1Q, Wall Street not impressed

Twitter has remained largely outside of the crosshairs of Congress over the privacy issues that have tripped up Facebook, but it continues to face its own, unique challenges. The company is wrestling with abuse on its own platform as well...

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Strong 1st quarter from Comcast, and a $30B bid for Sky

Comcast, continuing to see the loss of cable subscribers during an otherwise strong first quarter, formalized its bid for Britain's Sky satellite with a $30 billion offer. The bid Tuesday puts the Philadelphia cable company in direct conflict...

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Strong 1st quarter from Comcast, and a $30B bid for Sky

Comcast, continuing to see the loss of cable subscribers during an otherwise strong first quarter, formalized its bid for Britain's Sky satellite with a $30 billion offer. The bid Tuesday puts the Philadelphia cable company in direct conflict...

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Louisiana: $1.5 billion in tax breaks for $9.4 billion plant

State and local governments in Louisiana have offered an estimated $1.5 billion in incentives to persuade a Taiwanese company to locate a $9.4 billion plastics complex along the Mississippi River upstream from New Orleans, Louisiana's secretary of...

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Comcast challenges Murdoch with rival bid for UK-based Sky

U.S. media giant Comcast on Wednesday offered 22 billion pounds ($30.7 billion) for Sky PLC, topping a bid from Rupert Murdoch's 21st Century Fox and setting up a bidding war for Britain's biggest satellite television company. Comcast said...

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Germany trims 2018 growth forecast, but outlook still strong

The German government trimmed its economic growth forecast for this year to 2.3 percent on Wednesday, though it said the outlook remains good and is predicting that growth next year will be almost as strong. The new forecast is slightly lower...

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Juul maker to invest $30M to combat underage vaping

The maker of a much-debated e-cigarette popular with teenagers says it will spend $30 million in an effort to keep its products out of the hands of children. The announcement from Juul (JOO'-uhl) Labs comes one day after the Food and Drug...

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Chinese automaker plans electric car production in SAfrica

A state-owned Chinese automaker announced plans Wednesday to produce electric vehicles in South Africa, highlighting the growing role of the world's largest auto market in a technology seen as the global industry's future. BAIC Group's announcement...

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Drugmaker Takeda agrees to buy Shire for $64 billion

Japanese drugmaker Takeda has reached a tentative agreement to buy Ireland-based Shire for 46 billion pounds ($64 billion) in one of the biggest pharma deals to date. Takeda has offered the equivalent of 49 pounds in cash and stock for each...

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China says it welcomes visit by US officials amid trade spat

China's foreign ministry said Wednesday that it welcomes a planned visit by U.S. Treasury Secretary Steve Mnuchin to Beijing next week amid trade tensions between the world's two largest economies. Foreign ministry spokesman Lu Kang said...

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