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  • Chief Executive Mark Zuckerberg said in a statement it was a "good start to 2017.". Chief Financial Officer David Wehner said on a conference call after the earnings announcement that the company expects its ad revenue growth to come down significantly over the rest of 2017, repeating prior company warnings that it is hitting a limit in "ad load," or the number of...

  • Facebook said about 1.94 billion people were using its service monthly as of March 31, up 17 percent from a year earlier. Mobile ad revenue accounted for about 85 percent of the company's total advertising revenue of $7.86 billion in the first quarter ended March 31, compared with about 82 percent a year earlier. Analysts on average had expected total ad revenue...

  • Mobile ad revenue accounted for 85 percent of the company's total advertising revenue of $7.86 billion in the first quarter ended March 31, compared with 82 percent a year earlier. Net income attributable to Facebook shareholders rose to $3.06 billion, or $1.04 per share, from $1.73 billion, or 60 cents per share, a year earlier. Total revenue rose to $8.03 billion...

  • LONDON, May 3- Investors' advisory firm PIRC is urging BP's shareholders to vote against Chief Executive Bob Dudley's new pay package, calling it "excessive" even after the changes which have been made following a shareholder revolt last year. Pensions& Investment Research Consultants also advised shareholder clients in a note to abstain in a non-binding vote...

  • The business, categorized as "Other Revenue" in its earnings report, posted a 49.4 percent jump in revenue to $3.10 billion on Thursday a sum already bigger than Twitter Inc's annual revenue. "is doing a good job, a much better job in diversifying revenue than Facebook is," said analyst James Wang of ARK Investment Management. To be sure, Google's cloud venture is still...

  • The business, categorized as "Other Revenue" in its earnings report, posted a 49.4 percent jump in revenue to $3.10 billion on Thursday- a sum already bigger than Twitter Inc's annual revenue. "is doing a good job, a much better job in diversifying revenue than Facebook is," said analyst James Wang of ARK Investment Management. To be sure, Google's cloud venture is still...

  • *CFO Jennifer Li to step aside for new role as Baidu Capital chief. BEIJING, April 28- Baidu Inc on Friday forecast second-quarter revenue largely below estimates as the Chinese internet company continues to grapple with Beijing's restrictions on its lucrative medical advertisements segment, sending its shares down six percent in extended trading.

  • Alphabet's profit beat Wall Street estimates and rose 29 percent to $5.43 billion, a performance that analysts called exceptional for a company so large. The two companies accounted for 99 percent of the industry growth in digital advertising in 2016, Pivotal Research said in a report this week, demonstrating market power that some advertisers complain...

  • Alphabet's profit beat Wall Street estimates and rose 29 percent to $5.43 billion, a growth rate that analysts called exceptional for a company so large. Wall Street grew anxious as a series of high-profile advertisers fled YouTube amid concerns about ads appearing alongside extremist content. But Google's results showed that controversy was little more...

  • SYDNEY, April 27- Ten Network Holdings' survival depends on three billionaire debt guarantors, including News Corp Co-Chairman Lachlan Murdoch, after Australia's third-largest TV network reported a A $232 million half-year loss in a weak advertising market. All three of Australia's free-to-air television networks are under pressure as consumers...

  • NEW YORK, April 25- The effect of currency market fluctuations on U.S. corporate results in the fourth quarter of 2016 was down sharply from a year earlier, a report from currency risk consulting firm FiREapps showed on Tuesday. For the fourth quarter of last year, the negative impact of currency fluctuations on North American companies- including the United...

  • Interpublic, whose agencies include MullenLowe Group, McCann and FCB, reported organic revenue growth of 2.2 percent in its international markets. However, the company's net income available to shareholders jumped nearly four-fold to $21.5 million, or 5 cents per share, in the quarter ended March 31, as total expenses fell 58.6 percent. U.S. rival Omnicom Group...

  • BEIJING, April 19- China National Petroleum Corp will install its domestic fuel sales chief to head the state-owned oil giant's trading arm, succeeding Wang Lihua who is retiring after two decades guiding one of the world's top oil merchants, sources said. Tian Jinghui, a vice president at PetroChina, CNPC's listed subsidiary, and a veteran of its fuel marketing...

  • *North America organic growth 1.1 pct vs est 2.1 pct. April 18- The world's second-largest advertising company Omnicom Group Inc reported slower-than-expected growth in North America, overshadowing a quarterly profit and revenue that beat estimates. The company's organic revenue in the North America rose 1.1 percent to $2.14 billion, missing the average...

  • April 18- Omnicom Group Inc, the world's second-largest advertising company, reported better-than-expected quarterly revenue, helped by improved growth in the United Kingdom and Europe. New York- based Omnicom said organic revenue grew 8.1 percent in the UK and 8.2 percent in Europe, for the first quarter ended March 31. Results of the company, whose...

  • April 17- Wal-Mart Stores Inc's bid for clothing retailer Bonobos, which surfaced last week, is the latest step in the company's attempt to recover lost ground against Amazon.com Inc and others in the rapidly growing online fashion world, analysts and retail consultants said. The move is in keeping with an online strategy led by Marc Lore, the founder and former...

  • April 11- Online coupon provider RetailMeNot Inc said it had agreed to be bought by marketing services company Harland Clarke Holdings Corp for about $630 million. The deal will allow Harland Clarke, owned by billionaire Ron Perelman's investment company MacAndrews& Forbes Inc, to build on its acquisition of Valassis Communications Inc, a provider of coupons...

  • SAN FRANCISCO, April 10- Facebook Inc plans to announce on Monday that more than 5 million businesses are advertising on the social network each month and that it is updating its suite of ad services to try to draw more small businesses onto its mobile platform. Chief Operating Officer Sheryl Sandberg said in an interview with Reuters that the number of ad buyers...

  • NEW YORK, April 6- A second wind for U.S. staffing companies' stocks, which rallied after President Trump's election, could rest on whether optimism over his agenda leads to sustained strength for the economy and employment. "The real key from here is that this confidence translates into orders for the staffing companies and that remains to be seen," said Chris Serra,...

  • April 5- PepsiCo pulled a commercial featuring model Kendall Jenner on Wednesday after the ad prompted outrage and ridicule from those who said it trivialized rights protests and public unrest in the United States. The ad, released late on Tuesday, shows the fashion celebrity and reality TV star in a photo shoot when she sees protesters marching.