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NEW YORK Twitter Inc (TWTR.N) CEO Dick Costolo is stepping down, under pressure from investors frustrated by the Internet company’s slow growth and seemingly constant shake-ups in its upper ranks. Costolo will be replaced by co-founder Jack Dorsey on an interim basis. The company’s shares rose 7.7 percent to $38.60 in after-market trading. “Unfortunately this news isn’t surprising,” said Nate Elliott of management consultant Forrester Research. “The […]

By MICHAEL D. SHEAR June 2, 2015 WASHINGTON — A senior State Department official held talks last week with the Houthi rebels of Yemen, opening a new round of diplomacy aimed at persuading the warring factions in that country to participate in a peace conference in Geneva, American officials said Tuesday. The meetings came just before the release on Monday of Casey L. Coombs, an American freelance journalist who had […]

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Men stood on a building damaged during Hamas’s last war with Israel. Gaza’s unemployment rate has risen to 44 percent, the highest in the world. By DIAA HADID and MAJD AL WAHEIDI June 1, 2015 GAZA CITY — On a street here crammed with glittery clothing and electronic shops, Mahmoud Matar flipped through the receipt book for his appliance store, much of it blank: His lone sale that day was a $7 […]

Intel Corp (INTC.O) agreed to buy Altera Corp (ALTR.O) for $16.7 billion as the world’s biggest chipmaker seeks to make up for slowing demand from the PC industry by expanding its line-up of higher-margin chips used in data centres. By combining with Altera, Intel will be able to bundle its processing chips with the smaller company’s programmable chips, which are used, among other things, to speed up […]

Avago Technologies Ltd (AVGO.O) agreed on Thursday to buy Broadcom Corp (BRCM.O) for $37 billion in the largest merger of chipmakers ever, turning a lesser known company run by a ferocious dealmaker into one of the biggest industry players. Avago, which serves the wireless and industrial markets, is offering Broadcom shareholders $17 billion in cash and Avago shares valued at $20 billion. Broadcom is best known for […]

|By K Raveendran| The battle for supremacy between American and European legacy airlines on one side and the Gulf carriers of Emirates, Etihad and Qatar Airways is apparently entering another interesting phase. An indication of how the tussle might play out in the days to come was available a couple of days ago, when one of the Gulf players threatened the other side with dire economic consequences […]

A box from Amazon.com is pictured on the porch of a house in Golden, Colorado July 23, 2008. Reuters/Rick Wilking/Files NEW YORK Amazon.com Inc has started booking revenue from retail sales in individual European countries, instead of channeling all sales through low-tax Luxembourg, the Wall Street Journal reported Sunday. The change was made effective May 1, a company spokesman told the Journal. Amazon said it had started […]

|TAP Special| US airlines companies hired secret accountants to unearth how Gulf governments subsidized their airlines, including Emirates, Etihad and Qatar Airways, western media has reported. As the battle intensifies over U.S. airlines’ allegations of unfair state subsidies to three Persian Gulf rivals, American carriers have been gathering data to support their claims sheds light on the vast financial reporting divide between the two sides. The U.S. […]

Citigroup Inc and Barclays Plc are close to settling as early as this week a lawsuit with private investors who say the banks manipulated foreign-exchange rates, the Wall Street Journal said. The two banks are expected to pay as much as $800 million in settlement, the daily said, citing people close to the situation. Barclays declined to comment. Citigroup could not be immediately reached. JPMorgan Chase & […]

The media invitation Apple sent out for a March 9 “special event” doesn’t offer details about the reason for the gathering. However, the “Spring Forward” message on the invite is leading many to believe the star of the occasion will be the soon-to-launch Apple Watch. “Spring forward,” of course, is the saying that helps most of us remember to set our clocks ahead one hour for Daylight […]

David and Charles Koch  If you doubt whether Republicans are serious about defeating Hillary Clinton, consider this: At a California meeting last week headed by billionaire industrialists Charles and David Koch, an $889 million budget was unveiled before the network of conservative donors they assembled. Some have gone so far as to suggest this essentially makes the Koch network America’s “third” political party. After all, their warchest […]

|By James G. Neuger |The bodies haven’t been buried and the killers are on the loose, but that didn’t prevent anti-Islam politicians across Europe from seizing on the Jan. 7 massacre in Paris. The rhetoric varied in intensity across the European Union’s 28 countries, each with its own religious and social phobias, many gripped by an economic recession that makes convenient scapegoats out of immigrants — especially […]

Camp Taji Journal American military personnel, recently deployed to Iraq, found remnants of the previous United States military presence, mostly untouched since their comrades left Camp Taji three years earlier. By TIM ARANGO January 6, 2015 CAMP TAJI, Iraq — The calendar on the wall reads November 2011. On the ground is a half-filled tin of Copenhagen smokeless tobacco. Scattered here and there are bottles of Gatorade, cans of […]

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