SoftBank Corp rings up cost of turbulent year-end at first post-IPO earnings

TOKYO (Reuters) – Japan’s SoftBank Corp will be under pressure to outline growth plans when it reports its first earnings as a public company on Tuesday, as concerns over a changing mobile market keep its shares well below their blockbuster IPO price. Investors will also be looking for reassurance in the results that the telco can keep its promise of […]

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PG&E sees cost of complying with judge's wildfire plan at $75 billion-$150 billion

SAN FRANCISCO (Reuters) – California power company PG&E Corp (PCG.N), which expects to soon file for bankruptcy, said on Wednesday it would cost between $75 billion and $150 billion to fully comply with a judge’s order to inspect its power grid and remove or trim trees that could fall into power lines and trigger wildfires. PG&E in a filing at […]

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China's Baidu pledges to improve search service after complaint

SHANGHAI (Reuters) – China’s top search engine Baidu Inc (BIDU.O) said on Wednesday it will improve its media aggregating service after a complaint about the quality of the service and its search results went viral on social media, helping send its shares down sharply. Baidu was placing low-quality pieces from its Baijiahao service, which selects articles from both legacy and […]

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Facebook to quadruple size of Dublin international headquarters

DUBLIN (Reuters) – Facebook has taken on a long-term lease in Dublin which will quadruple the floor space at its international headquarters and allow the company to more than double its current staff of over 4,000. Facebook said on Thursday the expansion would provide enough space for another 5,000 employees. Such an increase would make the U.S. company one of […]

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