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Starbucks profits fall again but CEO says turnaround underway
Starbucks profits fall again but CEO says turnaround underway
by  AFP

Starbucks reported lower profits Tuesday behind broad-based sales declines, but shares rose as the company said a turnaround was on track. The company also faces pressure from activist fund Elliott Investment Management, which took a stake in the chain and is pushing for ways to boost its share price, US media have reported.

Microsoft cloud unit miss dulls bright earnings
Microsoft cloud unit miss dulls bright earnings
by  AFP

Microsoft shares slipped Tuesday after the tech giant reported quarterly profit climbed but its crucial cloud computing unit missed expectations. Cloud unit revenue of $36.8 billion, however, disappointed investors and shares slid more than five percent to $401.06 in after-market trades.

Texas says Meta to pay $1.4 bn to settle photo-tagging lawsuit
Texas says Meta to pay $1.4 bn to settle photo-tagging lawsuit
by  AFP

Meta has agreed to pay $1.4 billion to settle a lawsuit accusing it of violating a Texas state privacy law with a feature for "tagging" friends in Facebook photos, according to a deal finalized Tuesday. Meta agreed to pay the money over five years to settle the claims accusing the social networking giant of unlawfully capturing biometric data of Facebook users in Texas.

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