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AT&T quarterly profit tops estimates, shares rise

AT&T quarterly profit tops estimates, shares rise

NEW YORK (Reuters) – AT&T Inc (T.N) said on Wednesday that quarterly profit beat Wall Street analyst estimates, helped by impacts from tax cuts and wireless subscriber additions. Net income attributable to AT&T was $19.0 billion, or $3.08 per share, in the fourth quarter ended Dec. 31, up from $2.4 billion, or 39 cents a [...]

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Qualcomm earnings top estimates on surge in modem chip sales

Qualcomm earnings top estimates on surge in modem chip sales

(Reuters) – Chipmaker Qualcomm Inc’s (QCOM.O) earnings and revenue exceeded Wall Street forecasts for the first fiscal quarter as demand surged for its chips used in smartphones and cars, making up for a fall in licensing revenue. The results come as the San Diego-based chipmaker tries to rebuff a $103-billion takeover approach by Broadcom Ltd [...]

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Japan’s Fujifilm to take over Xerox in $6.1 billion deal, create joint venture

Japan’s Fujifilm to take over Xerox in $6.1 billion deal, create joint venture

(Reuters) – Japan’s Fujifilm Holdings is set to take over Xerox Corp in a $6.1 billion deal, combining the U.S. company into their existing joint venture to gain scale and cut costs amid declining demand for office printing. The acquisition announced on Wednesday comes as Xerox has been under pressure to find new sources of [...]

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