Don't-Miss Business Stories

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Microsoft's Azure cloud revenue doubles, but phone sales plummet

Microsoft's cloud push continues to pay off for the company, which reported on Tuesday that its Azure cloud revenue for the second calendar quarter of 2016 had more than doubled compared to the same period in 2015.

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Samsung may place a $450m bet on electric cars and batteries

Samsung Electronics is on the verge of making a substantial investment in BYD, a Chinese manufacturer of electric cars and batteries.

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Cybersecurity firms step up intel sharing despite issues of trust

The war against the cyber criminals won’t be won alone. To keep the hackers at bay, more security vendors have been trying to foster cooperation, and share data on the latest threats – even as it might spark concerns over trust and competition.

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IT spending will shrink worldwide due to Brexit, Gartner predicts

Britain's vote to exit the European Union is going to depress global IT spending, according to Gartner analyst John-David Lovelock.

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HPE's CTO is leaving amid more big changes at the company

Nine months after it separated from HP's PC and printer group and a month after it said it would spin off its enterprise services division, HPE CEO Meg Whitman has announced yet more changes that will see CTO Martin Fink leave at the end of the year.

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How to get your Amazon credit from Apple's ebook price-fixing settlement

If you purchased an ebook from Amazon, credits could be automatically added to your account.

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Google revs its AI engines with a new European research group

Google has made no secret of its AI ambitions, and on Thursday it announced the next step in its bold plans to realize them: a brand-new research group in Europe focused squarely on machine learning.

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Facebook proposal will keep Mark Zuckerberg in control for many years to come

Facebook is taking steps to ensure that founder Mark Zuckerberg stays connected and in control at the social network even as he pursues other goals related to charity and research.

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Oracle profit slides despite rapid growth in cloud

Oracle reported its fourth consecutive quarter of declining revenue on Tuesday, as rapid growth in its cloud business failed to make up for weak demand for more traditional products.

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Yahoo to slash jobs and close web properties in major turnaround plan

Yahoo will cut 15 percent of its workforce and close some online services in a major turnaround plan announced Tuesday.

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Sony is moving its PlayStation base to California

Sony plans to shift its global headquarters for PlayStation from Tokyo to California this year, it said Tuesday.

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Google will be asked to explain 'cosy' UK tax deal to lawmakers

U.K. legislators want to interview Google about a deal on back taxes agreed with tax authorities following an investigation of its results back as far as 2005.

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FireEye to grow intelligence capabilities with iSight Partners deal

FireEye has acquired Texas-based iSight Partners for $200 million, a deal that executives say will give FireEye stronger intelligence on cybercriminal and hacking groups before they strike.