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Juicy Apple buoys global shares

Security guards and staff stand at the entrance of an Apple store during the release of iPhone 5 in BeijingBy Marc Jones LONDON (Reuters) - Global stocks were back on the front foot on Thursday, as upbeat earnings from tech heavyweights Apple and Facebook helped shake off some of the jitters that have hit the sector in recent weeks. The gains were boosted by the region's tech stocks and come after iPhone giant Apple reported record first quarter sales and laid out plans for a $30 billion share buy back and seven-for-one stock split. Facebook Inc shares jumped 3.7 percent after hours as the Internet social networking company topped Wall Street's expectations. The Nikkei slipped 0.97 percent with some investors apparently disappointed that a meeting between Japanese Prime Minister Shinzo Abe and U.S. President Barack Obama made no concrete progress on a trade deal.


Juicy Apple buoys shares, euro volatility sinks

A man walks past the London Stock Exchange in the City of LondonBy Marc Jones LONDON (Reuters) - Global stocks were back on the front foot on Thursday, as upbeat earnings from tech heavyweights Apple and Facebook helped shake off some of the jitters that have hit the sector in recent weeks. The gains were boosted by the region's tech stocks and come after iPhone giant Apple reported record first quarter sales and laid out plans for a $30 billion share buy back and seven-for-one stock split. Facebook Inc shares jumped 3.7 percent after hours as the Internet social networking company topped Wall Street's expectations. The Nikkei slipped 0.97 percent with some investors apparently disappointed that a meeting between Japanese Prime Minister Shinzo Abe and U.S. President Barack Obama made no concrete progress on a trade deal.


What Direct Line Insurance Group plc?s Streamlining Drive Means For Earnings Growth

Royston Wild evaluates what Direct Line Insurance Group plc's (LON: DLG) transformation package is likely to mean for future earnings.

London pre-open: Stocks to open higher, lifted by US tech earnings

The FTSE 100 is set for a decent start to today's session, boosted by positive after- hours trading in the US last night, driven by strong results from technology giants Facebook and Apple.

AstraZeneca beats revenue forecasts in Q1, but earnings slide

Revenues up three per cent, ahead of forecasts; BMS diabetes buyout boosts top line; Earnings fall more than expected.

Berkshire's Buffett says would buy few tech stocks currently: BBG TV

Berkshire Hathaway Chairman and Chief Executive Warren Buffett said on Wednesday he would buy very few technology stocks at current levels and that the U.S. government should play a part in the housing market. The U.S. stock market has been hit with a wave of selling, particularly in high-growth stocks in the technology and biotechnology industries in recent weeks. Buffett also said the government should play a part in housing, and that the U.S. public would be better served with a government-guaranteed instrument "in the picture." He said he did not see any role for Berkshire Hathaway in mortgage financiers Fannie Mae and Freddie Mac.

Apple resets the clock as investors await next big thing

The Apple logo is pictured at a retail store in the Marina neighborhood in San FranciscoBy Edwin Chan SAN FRANCISCO (Reuters) - Apple Inc just bought itself some much-needed time. On Wednesday, the company surprised Wall Street with news that it sold more iPhones in the March quarter than even the most bullish analysts had expected. To top it all off, Apple unveiled a 7-for-1 stock split that should go down well with individuals who want a piece of a household name but could not afford to fork over $500 a share. The litany of positive numbers sent Apple's long-stagnant shares up 8 percent.


Facebook Q1 revenue grows 72 percent on rising mobile ads

The Facebook logo is pictured at the Facebook headquarters in Menlo ParkBy Alexei Oreskovic SAN FRANCISCO (Reuters) - Facebook Inc's mobile advertising business accelerated in the first three months of the year, helping the Internet social networking company top Wall Street's financial targets. Shares of Facebook were up nearly 3 percent at $63.05 in after-hours trading on Wednesday. Facebook said that mobile ads represented 59 percent of its ad revenue in the first quarter, up from 30 percent in the year-ago period. Facebook's overall revenue grew 72 percent year-on-year to $2.5 billion in the first quarter, above the $2.36 billion expected by analysts polled by Thomson Reuters I/B/E/S. "They?ve got the right products for what advertisers are looking for and that?s manifesting itself in the results you?re seeing," said JMP Securities analyst Ronald Josey.


 
 
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