INFBusiness

(Reuters) – Amazon.com Inc (AMZN.O) on Thursday posted the biggest profit in its 26-year history as online sales and its lucrative business supporting third-party merchants surged during the coronavirus pandemic. Shares of Amazon, the world’s largest online retailer, rose 5%…

OAKLAND, Calif./BENGALURU (Reuters) – Google parent Alphabet Inc’s (GOOGL.O) quarterly sales fell for the first time in its 16 years as a public company, but the 2% slide was less than expected as many advertisers stuck with the world’s most…

(Reuters) – Apple Inc (AAPL.O) on Thursday delivered blowout quarterly results, reporting year-on-year revenue gains across every category and in every geography as consumers working and learning from home during the COVID-19 pandemic turned to its products and services. The…

(Reuters) – Facebook Inc (FB.O) beat analysts’ estimates for quarterly revenue on Thursday, as more businesses used its digital advertising tools to tap a surge in online traffic during the coronavirus pandemic. Shares of the world’s biggest social network jumped…

(Reuters) – Amazon.com Inc (AMZN.O) beat Wall Street estimates for quarterly revenue on Thursday and forecast current-quarter sales above expectations as the coronavirus crisis drove a surge in shopping on its platform and boosted demand for its cloud services. Shares…

(Reuters) – Google parent Alphabet Inc (GOOGL.O) beat Wall Street estimates for quarterly revenue on Thursday, as more advertisers tapped the world’s most used internet search engine to reach potential customers during the COVID-19 pandemic. Revenue fell to $38.3 billion…

WASHINGTON (Reuters) – Senators Richard Blumenthal, a Democrat, and Josh Hawley, a Republican, wrote to the U.S. Justice Department on Thursday to urge a probe of video technology company Zoom (ZM.O) and Chinese-owned social media company TikTok. The two lawmakers…

BRUSSELS (Reuters) – The European Union imposed on Thursday travel and financial sanctions on a department of Russia’s military intelligence service and on firms from North Korea and China over their suspected participation in major cyberattacks across the world. In…

(Reuters) – Organizers of a Facebook Inc (FB.O) advertising boycott said on Thursday the campaign would “not go away” until their concerns were addressed and they would ask advertisers in Europe to join their cause. The campaign, set up in…