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(Reuters) - Interpublic Group of Cos said it sold its remaining investment in Facebook Inc for $ 95 million in cash. Interpublic said it expects to record a pre-tax gain of $ 94 million. It had recorded a pre-tax gain of $ 132.2 million for the third quarter of last ...
By Lisa Richwine (Reuters) - Netflix Inc impressed investors with solid subscriber growth and better-than-expected profits in the first quarter, sending shares of the video subscription service soaring 24 percent higher in after-hours trade. A big push into original shows, a strategy aimed at hooking new customers with content they ...
WASHINGTON (Reuters) - The Postal Service's regulator on Friday questioned the potential savings from a plan to shut mail processing sites and slow mail delivery, saying the mail agency could save about the same amount without making major changes to delivery times. The Postal Service plans to close nearly half ...
By Alexei Oreskovic and Sarah McBride (Reuters) - Yahoo Inc said it was laying off 2,000 employees, signaling a broad shakeup of the company. "Today's actions are an important next step toward a bold, new Yahoo -- smaller, nimbler, more profitable and better equipped to innovate as fast as our ...
SAN FRANCISCO (Reuters) - Dell Inc forecast fiscal first-quarter revenue below Wall Street's expectations, stoking fears the PC industry has not fully emerged from its downturn and sending the company's shares more than 4 percent lower. The world's No. 3 PC maker projected sales would be down 7 percent this ...