Alphabet posts strong revenue growth, higher taxes hit earnings

Google parent Alphabet Inc posted fourth-quarter profit below analysts' estimates on Thursday, hurt by a higher tax rate, but analysts cheered the company's progress in diversifying its business beyond advertising. While advertising still accounts for the lion's share of Google's revenue, rising 17.4 percent to $22.4 billion in the quarter, Alphabet Chief Financial Officer Ruth Porat underscored that the company is broadening its business – pointing to growth in hardware, app sales and the cloud business. The company's other revenue, which captures such businesses, climbed 62 percent to $3.4 billion.

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Alphabet posts strong revenue growth, higher taxes hit earnings

Google formally rejects EU antitrust charges

Google on Thursday formally rejected European Union antitrust charges of unfairly promoting its shopping service and blocking rivals in online search advertising, paving the way for EU regulators to rule next year on these issues and potentially impose hefty fines. The U.S. technology giant's rebuttal in the shopping case came six years after the European Commission opened an investigation prompted by complaints from rivals such as Microsoft and a host of European and U.S. rivals. It also issued a separate charge sheet against its online search advertising product AdSense for Search at the same time.

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Google formally rejects EU antitrust charges

JPMorgan plants digital payment flag at Wal-Mart

By David Henry NEW YORK (Reuters) – JPMorgan Chase & Co is putting its “Chase Pay” digital wallet on Wal-Mart's website and in the retailer's Walmart Pay app, hoping to give customers more ways to make purchases without cash, a bank executive said on Thursday. Kevin Watters, chief executive officer for cards at JPMorgan, said at a conference the bank is trying to make sure its Chase cards are an option for customers who want to make digital payments.

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JPMorgan plants digital payment flag at Wal-Mart

Twitter drops photos, videos from 140-character limit

(Reuters) – Twitter Inc said on Tuesday that user names and media attachments such as photos and videos will no longer count toward the length of a tweet but the 140-character limit will remain. Twitter said the change, part of its efforts to simplify its microblogging service, will happen in the next few months. “A few simple changes to make conversations on Twitter easier! And no more removing characters for images or videos!” Chief Executive Jack Dorsey said in a 115-character tweet.

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Twitter drops photos, videos from 140-character limit