Business

SoftBank Group nine-month net profit down nearly 70%

Major Japanese technology investor SoftBank Group said Wednesday its net profit plunged nearly 70 percent for the nine months to December as investments in sharing economy companies including WeWork and Uber took a hit.

Internet

Twitter surges as global user growth revives

Twitter shares jumped Thursday after an update showing it added millions of new users and boosted ad revenue in the fourth quarter, sparking optimism over its growth prospects.

Business

Disappointing growth hits Google parent Alphabet shares

Google parent Alphabet on Monday reported rising profits in the final three months of last year amid growth in digital advertising and cloud computing, but shares took a hit on disappointing revenue growth.

Business

Baidu Q2 revenue beats expectations but profit drops

Chinese internet giant Baidu regained momentum during the second quarter, posting better-than-expected revenue on Tuesday thanks to strong traffic growth, though it also announced a huge drop in net profit.

Business

Tencent Q2 earnings beat estimates on gaming growth

Chinese internet giant Tencent said Wednesday its net profit jumped 35 percent in the second quarter, as the company continued to wriggle out of Beijing's crackdown on online gaming and build mobile game growth.

Automotive

Ferrari sales, profits accelerate

Luxury sports carmaker Ferrari beat analyst expectations on Friday as sales and profits accelerated in the second quarter despite the global auto market hitting the brakes.

Automotive

BMW profits dented by electric vehicle investment costs

German high-end carmaker BMW on Thursday reported slumping second quarter profits, with pricey investment in electric cars sapping the bottom line, but it remained confident of hitting its financial targets.

Business

Fiat Chrysler posts weaker sales, higher net profit

Fiat Chrysler (FCA) has been hit by slowing sales that have afflicted the car industry worldwide, but the Italian-US automaker said Wednesday that it nonetheless managed to boost second-quarter profits.

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