AMD earnings: Intel’s data-center surge will be a tough act to follow

Advanced Micro Devices Inc.’s sales of server chips may get heightened scrutiny following a surprise jump in data-center sales reported by larger rival Intel Corp. AMD AMD, -2.63% shifted the power balance against bigger rival Intel Corp.INTC, +8.13% last year as it released its 7-nm “Rome” chips while Intel failed to bring its 10-nm chip to the market. In chip parlance, nanometers, […]

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Facebook earnings preview: Ready for another strong quarter

Facebook Inc. surges into its fourth-quarter earnings report Wednesday with some long-term questions. Front and center: Could future revenue be hampered by the company’s recent decision not to pursue advertising on WhatsApp, its popular platform of more than 1.5 billion members each month that Facebook FB, -0.70% laid out $19 billion for in 2014? See also: Facebook backs away from […]

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How Alibaba plans to improve the Olympics with cloud computing

LAUSANNE, Switzerland (AP) — Alibaba’s promise to the Olympic family is to bring its technological might to help organizers, broadcasters and fans. The Chinese tech giant’s Olympic sponsorship deal is worth hundreds of millions of dollars and runs for 12 years, starting in 2017 and continuing through the upcoming Tokyo Games and the 2022 Winter Games in Beijing and into […]

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Visa makes another move beyond credit cards with $5.3 billion deal for Plaid

The largest player in credit cards is moving further beyond the traditional card-swiping model amid the rise of newer fintech options like Venmo and Betterment. Visa Inc. V, +0.81%  announced Monday afternoon that it plans to acquire financial-technology upstart Plaid for $5.3 billion, including $4.9 billion of cash consideration and the rest in retention equity and deferred equity. Plaid, valued […]

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Constellation Brands to spend $40 million to launch Corona hard seltzer in the spring

Constellation Brands Inc. said it will make its biggest-ever single-brand investment to launch its Corona brand hard seltzer this spring — $40 million. Corona hard seltzer will come in four flavors: tropical lime, mango, cherry and blackberry lime. Retailers have already made space on the shelves for the new brand, said William Newlands, Constellation’s chief executive officer, who talked about […]

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