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Yahoo profit beats estimates at $312 mn

Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business. The California Internet company said it earned $312 million on revenues of $1.1 billion, topping most analyst forecasts. Profits were down 20 percent from a year ago with revenues nearly flat for Yahoo, which has been making major shifts under Mayer, a former Google executive. Mayer said the first quarter data "was an early and important sign of growth in our core business."

Yahoo profit beats estimates at $312 mn

Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business. The California Internet company said it earned $312 million on revenues of $1.1 billion, topping most analyst forecasts. Profits were down 20 percent from a year ago with revenues nearly flat for Yahoo, which has been making major shifts under Mayer, a former Google executive. Mayer said the first quarter data "was an early and important sign of growth in our core business."

TSX slightly higher on China growth worries, escalating Russia/Ukraine tensions

TORONTO - The Toronto stock market closed with a small gain Tuesday amid concerns about China's growth and worsening tensions between Ukraine and Russia. The S The Canadian dollar was down 0.2 of a cent to 91.1 cents US a day ahead of the Bank of Canada's latest interest rate announcement. It is universally expected that the bank won't hike its key rate from one per cent, where it has been since September, 2010.

Yahoo profit beats estimates at $312 mn

Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business. The California Internet company said it earned $312 million on revenues of $1.1 billion, topping most analyst forecasts. Profits were down 20 percent from a year ago with revenues nearly flat, with Yahoo has been making major shifts under Mayer, a former Google executive. Mayer said the first quarter data "was an early and important sign of growth in our core business."

US stocks end higher after wild swings

US stocks finished higher Tuesday after a wild swing lower led by tech stocks that saw the Nasdaq Composite index down nearly two percent at one point. Stocks opened strongly on good results from Johnson & Johnson and Coca-Cola but then sank, with analysts at the time citing a rise in worries over Ukraine. But the subsequent bounce-back left the Dow Jones Industrial Average in the green at the end, up 89.32 points (0.55 percent) to 16,262.56.

Yahoo profit beats estimates at $312 mn

Yahoo reported a stronger-than-expected first-quarter profit Tuesday, results hailed by chief executive Marissa Mayer as showing growth in the Web giant's "core" business. The California Internet company said it earned $312 million on revenues of $1.1 billion, topping most analyst forecasts. soe-rl/oh YAHOO!

Google to buy drone-maker Titan Aerospace

By Alexei Oreskovic (Reuters) - Google Inc has acquired solar-powered drone maker Titan Aerospace as the Web search giant ramps up plans to deliver wireless Internet access to remote parts of the world. Titan Chief Executive Vern Raburn declined to provide information on the price of the deal, which he said closed on Monday morning. The 20-person company will remain in New Mexico for the foreseeable future, Raburn said, with all employees joining Google.

Twitter buys social data provider Gnip

(Reuters) - Twitter Inc said it bought social data provider Gnip to provide enhanced data analytics capabilities to its business customers. Twitter did not disclose the price it paid for Gnip. "Together we plan to offer more sophisticated data sets and better data enrichments, so that even more developers and businesses big and small around the world can drive innovation using the unique content that is shared on Twitter," the microblogging company said in a blog. (http://r.reuters.com/haq58v)

US Airways investigating pornographic tweet sent to complaining customer

By Curtis Skinner (Reuters) - US Airways said it was investigating a pornographic tweet on Tuesday sent on its Twitter account in response to a customer complaint about a flight delay, which went viral on social media. US Airways issued an apology on Monday immediately after deleting the tweeted photograph of a naked woman lying on a bed with a toy airplane between her legs, said Davien Anderson, spokesman for US Airways.

Google acquires dronemaker Titan Aerospace

Los Angeles, Apr 15 (EFE).- Google has acquired Titan Aerospace, a manufacturer of solar-powered drones, in an effort to provide Internet access in areas without service, company representatives said. The tech giant bought the maker of high-altitude unmanned aircraft for an unspecified amount, following in the footsteps of Facebook, which purchased Ascenta, a British company that makes similar drones, in March. Facebook looked at acquiring Titan Aerospace but decided instead to buy Ascenta for about $20 million.
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