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Lenovo says quarterly profit nearly doubles

(AP) -- Lenovo Group, the world's No. 3 personal computer manufacturer, said Thursday its quarterly profit nearly doubled on strong emerging market sales.

News Corp. board backs Murdoch after hacking scandal

Rupert Murdoch claimed boardroom backing Wednesday to remain at the helm of News Corp. as he worked to shift attention from the phone-hacking scandal to his media behemoth's healthy bottom line.

Cisco's 4Q results, outlook top analyst views

(AP) -- Cisco Systems Inc. provided a small measure of comfort to the battered stock market late Wednesday with quarterly results that underscored the technology bellwether's resolve to improve its financial performance.

Amazon 2Q profit falls but results beat Street

(AP) -- Amazon.com Inc. said Tuesday that its second-quarter profit fell despite a 51 percent jump in revenue as the leading online retailer spent heavily to expand its business.

KPN reports profit drop, blames Internet phone apps

Dutch telecoms operator KPN reported an 11.0-percent drop in net profit to 414 million euros for the second quarter on Tuesday, blaming the rise of Internet-based telephone applications.

China's Baidu quarterly profit up 95 percent

Baidu Inc., which operates China's dominant search engine, said Tuesday its quarterly profit jumped 95 percent on traffic growth and strong spending by big advertising customers.

Apple shares hit record high ahead of earnings

Apple shares hit a record high on Wall Street on Monday ahead of what is expected to be another blockbuster quarterly earnings report by the California gadget-maker.

IBM raises guidance, beats Street estimates

IBM Corp. raised its income guidance for the year on Monday as earnings in the latest quarter increased 8 percent because of growth in all three of its major product categories.

HP cuts outlook on services revamp, slow PC sales

(AP) -- Hewlett-Packard Co. is bracing for weaker financial results this year as it overhauls its services business to undo what its CEO described as years of neglect under his predecessor.

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