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Barclays’ axe set to fall on 1,000 more jobs in investment bank

The cuts, which could be announced as early as Thursday, will be presented as an extension of the strategy announced by the previous chief executive, Antony Jenkins, in 2014, when he promised to cut 7,000 jobs in the investment bank over three years. Barclays plans to exit investment banking operations across much of Asia, continental Europe and Latin America as ... Read More »

After-hours buzz: NFLX, IBM, WSM & more

Netflix shares soared in extended trading on Tuesday. The video streaming company reported quarterly earnings that topped analysts’ expectations as its international expansion boosted subscriber growth. Netflix added 5.59 million total net subscribers in the quarter, up from 4.33 million additions in the previous year. The company had 4.04 million net subscriber additions outside of the United States, easily beating ... Read More »

After-hours buzz: DIS, AKAM, PNRA & more

Check out the companies making headlines after the bell Tuesday: Shares of Disney fell in extended trade Tuesday despite reportingbetter-than-expected first-quarter earnings and revenues. The entertainment pioneer behind the latest “Star Wars” film reported earnings of $1.63 per share on revenue of $15.24 billion, excluding items. That was higher than the $1.45 per share on $14.75 billion forecast by analysts. ... Read More »

Xiaomi MIUI 7.1 to reportedly hit more devices starting next week

As you might already know, the latest iteration of Xiaomi’s mobile OS – MIUI 7.1 – started rolling out earlier this week. While the list of supported devices was comprehensive, some handsets were left out. Image credit: Thomson Reuters Now, according to a new report, the update will hit more devices starting next week – Janaury 11. The new devices ... Read More »

Early movers: GE, INTC, YHOO, GS, C, BLK, & more

General Electric — Chinese appliance maker Haier is buying GE’s appliance unit for $5.4 billion to boost its global presence. Haier had revenue of $32.6 billion in 2014, making it the world’s biggest appliance maker. The deal also includes a strategic partnership between the two firms in areas such as the Internet, health care and advanced manufacturing. Intel — the ... Read More »

After-hours buzz: INTC, WBMD, ADI & more

Intel shares fell in extended trading, even though the tech giant topped analysts’ expectations in its earnings announcement. The company posted fiscal fourth-quarter earnings of 74 cents per share on $14.9 billion in revenue. Analysts expected Intel to post earnings of 63 cents per share on $14.8 billion in revenue, according to a consensus estimate from Thomson Reuters. “Our results ... Read More »

Early movers: GE, INTC, YHOO, GS, C, BLK, & more

General Electric — Chinese appliance maker Haier is buying GE’s appliance unit for $5.4 billion to boost its global presence. Haier had revenue of $32.6 billion in 2014, making it the world’s biggest appliance maker. The deal also includes a strategic partnership between the two firms in areas such as the Internet, health care and advanced manufacturing. Intel — the ... Read More »