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By Akash Sriram and Aishwarya Venugopal (Reuters) - Amazon.com shares surged 7% on Friday after the e-commerce heavyweight reported higher-than-expected holiday quarter sales and its lucrative cloud business signaled early gains from AI-powered features. The company joined Microsoft and other tech firms

By Yuvraj Malik  (Reuters) - Amazon.com founder Jeff Bezos will sell up to 50 million shares in the online retail and cloud services firm over the next one year, according to a company filing on Friday. The securities are worth $8.6 billion

By Zaheer Kachwala (Reuters) - Google is laying off hundreds of employees in its advertising sales team, the Alphabet-owned company said on Tuesday, marking the latest cuts at the search giant. The move adds to signs that job cuts will continue this

Βy Yuvraj Malik (Reuters) - Apple continued its struggle in the new year on Thursday, plumbing an eight-week low after Piper Sandler handed the tech giant its second downgrade this week on worries about iPhone demand. The rating action knocked Apple shares

By Elvira Pollina and Paul Sandle MILAN/LONDON/PARIS (Reuters) - Iliad said on Monday it had submitted a proposal to Vodafone to merge their Italian units, a move that would combine its fast-growing consumer base with the British company's strength in business

By Alden Bentley (Reuters) - Ride-hailing service Uber Technologies will join the S&P 500 effective at the open of trading on Dec. 18, along with S&P MidCap 400 constituents Jabil Inc and Builders FirstSource Inc, S&P Dow Jones Indices announced late

By Baranjot Kaur (Reuters) - The global smartphone market returned to growth in October after more than two years of slump, helped by a recovery in the emerging markets, according to data from Counterpoint Research. The data showed that global monthly smartphone

By Daniel Leussink TOKYO (Reuters) - Shares of Japan's Panasonic Holdings have rallied about 10% since it announced on Friday a plan to sell a stake in its automotive systems business and the unit's potential listing raised broader restructuring hopes. The shares

By Yelin Mo and Brenda Goh  BEIJING (Reuters) - Smartphone maker Xiaomi Corp posted a forecast-beating jump in third-quarter net income on Monday, while revenue also topped estimates as flat device shipments outperformed the wider market. The company's sales for the period

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