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All posts by Amanda Vance

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Teva Pharmaceutical Misses Q2 Profit Estimates

Teva Pharmaceutical Industries Ltd. (NYSE:TEVA) reported second quarter results that missed analysts’ estimates. In the second quarter, profit, excluding some costs, dropped to $1 billion from $1.23 billion a year earlier. That was lower than the $1.12 billion average of analysts’ estimates compiled by Bloomberg.

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Apple Loses Bid To End FaceTime Lawsuit

Apple’s (NASDAQ:AAPL) motion to dismiss a lawsuit related to disabling FaceTime on iOS 6 and earlier software versions has been denied. United States district judge Lucy Koh denied the motion, allowing the case to proceed as a class action lawsuit. The lawsuit was filed in

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Pokemon Go Fests Scheduled For Europe Delayed

Niantic Labs is postponing a number of its planned Pokemon Go Fests in Europe. The studio announced that its European events scheduled for next month will be moved to a later date in fall. Niantic is saying it needs more time “to guarantee the best

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Michael Kors Adding Jimmy Choo To Its Portfolio

Michael Kors (NYSE:KORS) has bid $1.2 billion to buy London-listed luxury shoemaker Jimmy Choo (LON:CHOO). The valuation is 15.2 times forward earnings before interest, taxes, depreciation and amortization. The total price, including assumed net debt is $1.35 billion. Michael Kors is paying a 37 percent

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KKR To Acquire WebMD In $2.8B Deal

Global investment firm Kohlberg Kravis Roberts (NYSE:KKR) has agreed to buy WebMD Health Corp. (NASDAQ:WBMD) for about $2.8 billion. KKR will pay $66.50 per share in cash in the transaction. The financing for the transaction is fully committed. The acquisition is expected to close during

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Amazon’s Whole Foods Deal Under Scrutiny

A group of Democrats in Congress sent a letter this week urging the U.S. Department of Justice and the Federal Trade Commission to conduct an in-depth review of Amazon.com Inc.’s (NASDAQ:AMZN) $13.7 billion deal to purchase Whole Foods Market Inc. (NASDAQ:WFM). The letter was signed

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Carrier Corp. Begins Hundreds Of Layoffs

Thursday was the last day of work for hundreds of Carrier Corporation workers. The Carrier fan coil manufacturing facility in Indianapolis has begun laying off 338 employees. The layoffs are part of the previously announced plan, the company said in a statement. The company said

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Disney Adding Three More Ships To Cruise Line

Disney Cruise Line’s (NYSE:DIS) fleet will be growing by three. The new ships would be similar in size to Disney’s newest ships, Disney Dream and Disney Fantasy. Each of those ships carry about 2,500 passengers at double occupancy. The company previously announced an order for

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Google Back Taxes Dismissed By French Court

A Paris court has dismissed a €1.11 billion ($1.27 billion) tax bill levied against Google. That amount represents five years of back taxes for a period ending in 2010. The ruling was a major victory for Google. The dispute had been raging for almost six

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Microsoft Makes Plans To Expand High Speed Internet Access

Microsoft (NASDAQ:MSFT) wants to harness the unused channels between television broadcasts, known as white spaces, to provide more of rural America with high-speed internet access. The company aims to connect two million rural Americans to high-speed internet in the next five years. Microsoft’s president, Brad