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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 content.

Expedia posts 1Q loss; says revenue rose 24 pct

Online travel agency Expedia Inc. is reporting a larger loss in the first quarter as its stock-based compensation, legal reserve and depreciation costs surged compared to a year ago. But its adjusted revenue and income surpassed ...

EBay 1Q revenue grows but falls below estimates

EBay grew its earnings and revenue in the first quarter thanks to growth in its PayPal business and its e-commerce sites. But revenue fell shy of Wall Street's expectations, causing investors to send the company's stock lower ...

PC sales plunge as Windows 8 flops (Update 2)

Two somber new reports show unprecedented declines in desktop and laptop sales during the first three months of the year—signs that the personal computer market may never fully recover from a new generation of mobile devices.

T-Mobile USA gains subscribers

T-Mobile USA says that subscribers were more likely to stick with the company in the last three months, a welcome trend for a company that's struggling against larger competitors.

United Tech sees $1b or more in share buybacks

(AP)—The chief financial officer of United Technologies Corp. says the aerospace giant expects to spend at least $1 billion buying back shares this year.

Viacom adjusted profit falls in 1Q, beats Street

Viacom says its net income rose sharply in its first fiscal quarter from results depressed by a large accounting charge in a year ago. But its revenue fell due to drop at its Paramount studio business and lower advertising ...

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