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Twitter disappointed investors again

Twitter disappointed investors again. The social media firm (remember when it was called a “microblogging” service?) missed quarterly revenue targets and warned of more trouble to come. Twitter shares were down 9% in after-hours trading, and if CEO Jack Dorsey…
Apple’s iPhone slump got worse

Apple’s iPhone slump got worse. Quarterly profit plunged by 27% and revenue was down by 14.6% as smartphone sales slowed, especially in China. But the results weren’t quite as ugly as Wall Street expected, sending Apple shares higher in after-hours…
Ericsson Board fires CEO Hans Vestberg

The board of telecommunications equipment giant Ericsson has forced its CEO, Hans Vestberg, to step down today with immediate effect after the board agreed that he wasn’t the person to turn Ericsson around. Ericsson said that Vestberg, who led the…
Verizon acquires Yahoo for $4.8 billion

Verizon acquires Yahoo for $4.8 billion. The US wireless carrier has been expanding online content and advertising since last year’s AOL deal, and sees value in Yahoo’s billion users, even though other investors do not. The deal will be announced…
U.S. invested $6.9B in Africa in 2015

According to EY’s 2016 Africa attractiveness program 2016, Staying the course, despite a relative slow down, Sub-Saharan Africa remains one of the fastest growing regions in the world. This is reflected in the foreign direct investment (FDI) levels in 2015, where…