News highlights – 27 April

Written by on April 28, 2017 in News with 0 Comments

News highlights for 27 April

Larry Page, CEO and Co-founder of Alphabet. REUTERS/Elijah Nouvelage

Alphabet’s profits surge 29%

(Reuters) – Google parent Alphabet Inc posted a surge in profit and revenue on Thursday as its core advertising business continued to grow at an extraordinary rate and problems such as an advertiser boycott of YouTube had little impact. Read more…

Microsoft profits surge 28%

(Reuters) – Microsoft Corp reported a 27.8 percent increase in quarterly profit on Thursday, lifted by robust demand for its cloud computing services. Read more…

Amazon sales surge 23% in first quarter

(Reuters) – Amazon.com Inc’s retail and cloud-computing sales rose in the first quarter, inching above Wall Street’s expectations and sending the company’s shares to an all-time high in extended trading. Read more…

Options traders bullish

NEW YORK (Reuters) – Options traders are betting that the U.S. technology sector’s strong rally has more room to run as big industry names Microsoft Corp, Intel Inc and Google parent Alphabet Inc get set to report quarterly results. Read more…

Apple to launch money transfer service

(Reuters) – Apple Inc has held talks with payments industry partners about launching a money-transfer service, technology news website Recode reported on Thursday. Read more…

FCC presents plan to reverse net neutrality

WASHINGTON (Reuters) – The head of the Federal Communications Commission on Thursday released a 58-page draft plan to reverse the landmark 2015 “net neutrality” order. Read more…

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