Britian assessing tax on digital giants" revenue, Reuters says

See the rest of the story here. provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallMar 13th, 2018

Britain to consider taxing digital giants" revenue

LONDON (Reuters) - Britain said it was considering taxing the revenues of internet companies like Facebook and Google until international tax rules are changed to cope with digital firms that can shift sales and profits between jurisdictions......»»

Category: topSource: reutersMar 13th, 2018

Alibaba, Tencent rally troops amid $10 billion retail battle

SHANGHAI (Reuters) - China's tech giants Alibaba Group Holding Ltd and Tencent Holdings Ltd , worth a combined $1 trillion, are on a retail investment binge, forcing merchants to choose sides amid a battle for shoppers' digital wallets......»»

Category: topSource: reutersFeb 19th, 2018

News Corp results beat on gains in digital real estate unit

(Reuters) - Wall Street Journal-owner News Corp reported better-than-expected quarterly revenue and profit on Thursday, as growth in its online real estate business helped offset a fall in advertising revenue......»»

Category: topSource: reutersFeb 8th, 2018

Facebook shares rebound after optimism about ad revenue

(Reuters) - Facebook Inc shares rose after hours on Wednesday after the social media network said that fewer hours spent on its flagship News Feed might would not necessarily hurt its highly profitable digital advertising business......»»

Category: topSource: reutersJan 31st, 2018

Accenture"s digital push boosts earnings, shares hit record

(Reuters) - Consulting and outsourcing services firm Accenture Plc's quarterly earnings and revenue topped Wall Street forecasts, as investments in fast-growing digital and cloud services paid off......»»

Category: topSource: reutersDec 21st, 2017

TV ad spending is down — but not for the reason you think

Thomson Reuters Advertising budgets are bleeding out of television, but that's not necessarily because of a shift to digital media, reports Pivotal Research. Rather, the traditional marketing giants which have largely.....»»

Category: topSource: businessinsiderNov 28th, 2017

News Corp profit beats on digital real estate unit strength

(Reuters) - Wall Street Journal owner News Corp reported a better-than-expected quarterly profit on Thursday, driven by a tight control on expenses and growth in revenue across all its businesses......»»

Category: topSource: reutersNov 9th, 2017

Accenture revenue beats as bets on digital, cloud pay off

(Reuters) - Accenture Plc reported better-than-expected quarterly revenue, as the consulting and outsourcing services provider benefited from its investments in fast-growing digital and cloud service businesses......»»

Category: topSource: reutersSep 28th, 2017

France, Germany, Italy, Spain seek tax on digital giants" revenues

PARIS (Reuters) - France, Germany, Italy and Spain want digital multinationals like Amazon and Google to be taxed in Europe based on their revenues, rather than only profits as now, their finance ministers said in a joint letter......»»

Category: topSource: reutersSep 9th, 2017

News Corp quarterly revenue beats on higher ad revenue

(Reuters) - News Corp reported better-than-expected quarterly revenue as the owner of the Dow Jones Newswires and the Wall Street Journal saw an uptick in its digital real estate business and growth in its advertising revenue......»»

Category: topSource: reutersMay 9th, 2017

News Corp quarterly revenue beats estimates

(Reuters) - News Corp reported better-than-expected quarterly revenue as the owner of the Dow Jones Newswires and the Wall Street Journal saw an uptick in its news and information unit and its digital real estate business......»»

Category: topSource: reutersMay 9th, 2017

Facebook nears ad-only business model as game revenue falls

SAN FRANCISCO (Reuters) - Facebook Inc's growth into a digital advertising power is showing a flip side: The social network is more dependent than ever on the cyclical ad market, even as its rival Google finds new revenue streams in hardware and software......»»

Category: topSource: reutersMay 4th, 2017

Porsche invests in tech services to offset possible sales decline

STUTTGART, Germany (Reuters) - Porsche will invest hundreds of millions of euros in digital services to generate the revenue needed to offset an expected decline in car sales in the coming years, its finance chief said on Friday......»»

Category: topSource: reutersMar 17th, 2017

Snapchat 2017 ad revenue forecast trimmed to $770 million: eMarketer

(Reuters) - The 2017 advertising revenue forecast for Snap Inc’s Snapchat has been trimmed by $30 million due to higher than expected revenue sharing with its partners, digital marketing firm eMarketer said in its latest ad spending forecast on Tuesday......»»

Category: topSource: reutersMar 14th, 2017

Western Digital"s profit, revenue beat estimates

(Reuters) - Data storage company Western Digital Corp reported higher-than-expected revenue and profit on Wednesday, helped by demand for its products amid stabilizing PC demand and a shift by businesses to cloud storage......»»

Category: topSource: reutersJan 25th, 2017

Alibaba raises guidance as strategy shift makes progress

(Reuters) - Chinese online retail giant Alibaba Group Holding beat analyst estimates with a 54 percent rise in third-quarter revenue, benefiting from its sharpened focus on cloud and digital media ventures as well as gains in its core business......»»

Category: topSource: reutersJan 24th, 2017

Alibaba posts 54 percent rise in third-quarter revenue, raises 2017 guidance

(Reuters) - Alibaba Group Holding Ltd on Tuesday posted a 54 percent rise in third-quarter revenue, beating analyst estimates, helped by higher sales during its Single's Day shopping event and increased earnings in its cloud and digital media ventures......»»

Category: topSource: reutersJan 24th, 2017

CBS Corp revenue rises 4.3 percent

(Reuters) - CBS Corp , owner of the most-watched U.S. TV network, reported a 4.3 percent rise in quarterly revenue, helped by increase in fees from CBS-affiliated stations as well as growth from digital distribution platforms......»»

Category: topSource: reutersNov 3rd, 2016

Verizon revenue drops as subscriber additions disappoint

(Reuters) - Verizon Communications Inc  added far fewer wireless subscribers than expected in the third quarter amid a price war with rivals in a saturated phone market and an effort to drive growth from its fledgling digital advertising and media busine.....»»

Category: topSource: reutersOct 20th, 2016

Tech Giants Set to Face 3% Tax on Revenue Under New EU Plan

Based on where their users are loca.....»»

Category: europeSource: fortuneMar 17th, 2018