Reuters: Yandex and TCS Group Holding, the parent company of Russia’s top online bank Tinkoff, have terminated talks on Yandex’s proposed $5.48B deal to buy Tinkoff — MOSCOW (Reuters) – Plans for Russia’s biggest corporate deal of 2020 collapsed on Friday after talks over a $5.48 billion cash … Source link
Read More »Google parent Alphabet posts first revenue decline in company history
The internet giant on Thursday reported nearly $38.3 billion in revenue for the second quarter, down 2% from the year prior. Still, revenue was slightly higher than the $37.4 billion Wall Street analysts had expected. The company posted net income just shy of $7 billion, which also beat analysts’ projections. “We continue to navigate through a difficult global economic environment,” Alphabet CFO Ruth Porat said in a statement with the earnings report. Source link
Read More »Google parent company Alphabet sees its first revenue decline in history
Google parent company Alphabet warned in last quarter that it was expecting to see the impact of coronavirus in the second quarter results, and it was: the company saw its first revenue decline in its history. But it managed to beat Wall Street’s revenue expectations. Total revenue for the quarter was $38.3 billion, versus the $37.4 billion expected, but that marks a 2 percent decline from the second quarter of 2019. Net income dropped from $9.9 billion a year ago, to $6.9 billion…. Source link
Read More »Carter Page sues Yahoo, HuffPost parent company for ‘false and defamatory’ articles
EXCLUSIVE: Former Trump campaign aide Carter Page is suing Yahoo parent company Oath Inc. over “false and defamatory statements,” claiming the outlet “portrayed him as a traitor to America” who illegally conspired with Russia to influence the 2016 election. The suit – obtained by Fox News — was filed Monday in Delaware Superior Court and accuses Oath’s Yahoo News and HuffPost of publishing stories about Page “with actual knowledge of falsity or with a reckless… Source link
Read More »Google parent Alphabet’s stock rises into record territory after Mizuho boosts price target
Shares of Google parent Alphabet Inc. GOOGL, +3.09% gained 0.8% in premarket trading, putting them on track to open in record territory, after Mizuho analyst James Lee raised his price target, citing signs that Google’s search advertising was tracking “modestly” ahead of expectations. Lee lifted his target to $1,750, which is 12% above Monday’s closing price, from $1,650, while maintaining the buy rating he’s had on the stock for at least the past three… Source link
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