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Amazon profit crushes estimates as cloud-service revenue soars

April 29, 2016 by · Leave a Comment 

Amazon.com Inc on Thursday reported profit and revenue that blew past analysts' expectations, sending its shares soaring in after-hours trading and demonstrating the growing market power of its core retail business and new cloud services division. The results draw a sharp contrast to the disappointing fourth quarter Amazon reported in January, which renewed worries among some shareholders about the company's comparatively thin profit margins. Amazon's performance also assuaged concerns about a broader slowdown…

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Amazon profit crushes estimates as cloud-service revenue soars

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Intel to cut up to 12,000 jobs as PC industry swoons

April 20, 2016 by · Leave a Comment 

Intel Corp said on Tuesday it would cut up to 12,000 jobs globally, or 11 percent of its workforce, as it refocuses its business towards making microchips that power data centers and Internet connected devices and away from the declining personal computer industry it helped found. Tech companies including the former Hewlett Packard Co and Microsoft Corp have reorganized in the

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Intel to cut up to 12,000 jobs as PC industry swoons

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