Higher operating costs weigh on Imagination Tech

LONDON (Reuters) - Profit growth at Imagination Technologies has been dampened by higher research costs, overshadowing a 90 percent jump in shipments of chips containing its graphics technology used in products like Apple's iPad.Shares in the British company reversed early gains and were trading 4 percent lower as analysts said the operating expenses had weighed on earnings.Imagination, which counts...

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Delta expects 2013 profit growth, plans returns to shareholders

(Reuters) - Delta Air Lines  said on Wednesday that it expected profit growth in 2013 and would introduce a plan to return cash to shareholders.Chief Executive Officer Richard Anderson said during the carrier's investor meeting webcast that Delta, the No. 2 U.S. airline behind United Continental Holdings Inc , expected a profit of $1.6 billion for this year. He said 2013 would bring a "solid...

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Costco profit jumps despite light membership fee growth

(Reuters) - Costco Wholesale Corp's  quarterly earnings beat Wall Street estimates, but the largest U.S. warehouse club chain collected less in membership fees than some analysts anticipated.Shares of Costco were up 0.8 percent at $99.11 in morning Nasdaq trading after a slight decline earlier in the session.Members pay up to $110 per year to shop at Costco's cavernous stores and website, where...

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Nasdaq to buy Thomson Reuters PR, IR units for $390 million

(Reuters) - Nasdaq OMX Group Inc said on Wednesday it agreed to buy Thomson Reuters  Corp's investor relations, public relations and multimedia services units for $390 million, as the exchange operator builds businesses that do not depend on trading.The all-cash deal will add to Nasdaq's earnings within 12 months of closing, excluding transaction-related costs, the company said.Nasdaq is looking...

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Data: New (physical) book chronicles the virtual

NEW YORK (AP) — We question. We research. We catalog. We quantify. We aggregate, calculate, communicate, analyze, extrapolate and conclude. And eventually, if we're fortunate and thoughtful, we understand. These are the contours of the society that has taken shape in the past generation with the rise of an unstoppable, invisible force that changes human lives in ways from the microscopic to the gargantuan:...

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Pope gets more than half million Twitter followers

VATICAN CITY (Reuters) - Even though he hasn't sent a single tweet yet, Pope Benedict had more than half a million Twitter followers in eight languages on Tuesday, the day after the Vatican unveiled his handle: @Pontifex. They included people ranging from the simple Roman Catholic faithful to a Jewish head of state. "Your holiness, welcome to Twitter. Our relations with the Vatican are at their...

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Nokia Siemens to close German services unit: sources

FRANKFURT/HELSINKI (Reuters) - Nokia Siemens Networks' (NSN) German services unit faces closure and 1,000 jobs are at risk as Nokia and Siemens shake up the joint venture, two sources said. One of the people familiar with the situation said the closure would be effective by the end of 2013 and will be announced on Wednesday during a meeting at which workers will be told a crucial contract with Deutsche...

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