Twitter shares jump 10% on solid user growth, revenue beat

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Twitter shares jump 10% on solid user growth, revenue beat

(Reuters) – Twitter Inc (TWTR.N) on Friday reported better-than-expected second-quarter revenue as design changes to its microblogging website attracted more users and advertisers, sending its shares up 10%. FILE PHOTO: People holding mobile phones …
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Accounting body could drop hybrid scheme work, IASB warns

The International Accounting Standards Board (IASB) could drop its work on hybrid pension fund accounting if it cannot agree on an approach soon.
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SoftBank unveils $108 billion fund to invest in artificial intelligence

SoftBank has secured pledges from Microsoft, Apple and other investors of around $108 billion for a second Vision Fund aimed at investing in artificial intelligence. The Japanese conglomerate itself plans to invest $38 billion in the fund, it said in a statement.
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Sprint, T-Mobile receive merger approval from Department of Justice

The $26 billion merger between T-Mobile and Sprint secured final approval on Friday from the Department of Justice, where regulators blessed the combination of the country’s third- and fourth-largest wireless carriers after they agreed to sell off a critical …
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Wall Street nears record high on upbeat earnings, GDP data

Stocks inched closer to record levels on Friday, boosted by robust earnings from Google-owner Alphabet and Intel, and data that showed the domestic economy slowed lesser than expected in the second quarter. The Commerce Department said GDP …
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