Business

Microsoft blames economic woes for missing profit targets

Microsoft on Tuesday reported fiscal fourth-quarter profit of $16.7 billion, or $2.23 per share, falling short of analyst expectations for $2.29 per share—a rare disappointment from the tech giant that has consistently ...

Business

Elon Musk says he's terminating Twitter deal, board to fight

Elon Musk announced he will walk away from his tumultuous $44 billion offer to buy Twitter, leaving the deal on the verge of collapse. The Tesla CEO sent a letter to Twitter's board Friday saying he is terminating the acquisition.

Business

PayPal earnings soar on e-commerce boom

PayPal on Wednesday reported record quarterly profit as the online financial transactions service benefited from an e-commerce trend boosted by the pandemic.

Business

Amid the pandemic, Big Tech reports mixed earnings

Big Tech companies reported mixed quarterly earnings on Thursday, a day after their top executives faced a tough congressional grilling over their market power and alleged monopolistic practices.

Business

Fines cause turbulence for Airbus results

Airbus on Thursday reported a net loss of 1.36 billion euros for 2019, weighed down by massive fines to settle bribery scandals and extra costs for the A400M military transport aircraft.

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