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Amazon reports lower 1Q earnings, higher revenue

Amazon.com Inc.'s net income declined in the first three months of the year even though revenue increased 22 percent, as the online retailer continued to spend heavily on order fulfillment and rights to digital ...

dateApr 25, 2013 in Business
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Amazon 4Q results, outlook sends stock lower

Shoppers spent more money online this holiday season than ever before, and yet, Amazon -the world's largest Internet retailer- failed to meet Wall Street's sales expectations with its latest financial results.

dateJan 31, 2012 in Business
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CenturyLink 3Q net income falls as expenses rise

(AP) -- Phone company CenturyLink Inc. says its third-quarter net income fell as rising operating expenses related to its April acquisition of larger phone company Qwest overshadowed increased revenue.

dateNov 02, 2011 in Business
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Sony Ericsson profits down in 3rd quarter

Mobile phone maker Sony Ericsson posted a break-even third quarter Friday - blaming the drop in earnings on higher taxes and lower margins - and announced that it is shifting its entire portfolio to smartphones next year.

dateOct 14, 2011 in Business
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EBay profit falls on charges, results beat Street

EBay Inc.'s PayPal online payment service and marketplaces business grew swiftly during the second quarter, helping its results beat analyst expectations, although charges from its recent purchase of retail ...

dateJul 20, 2011 in Business
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Cisco cutting workforce by nine percent

US networking giant Cisco on Monday said it will eliminate 6,500 jobs, cutting its global workforce by nine percent as part of a move to slash its annual operating costs.

dateJul 18, 2011 in Business
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