A first-quarter economic chill won't deter the Federal Reserve from its plan to raise interest rates this year, chair Janet Yellen said, assuring investors the pace of subsequent tightening would be gradual.
ROME European Central Bank President Mario Draghi has urged euro zone countries to unite in the task of reforming the bloc's economies, saying sharing sovereignty was an opportunity and not a threat.
Microsoft Corp and Salesforce.com Inc held "significant talks" this spring but failed to agree on a price, CNBC reported, citing people familiar with the matter.
Sales fell 25 percent for the quarter and 26 percent for six months. Operating profit was $639 million for the quarter and $907 million year-to-date, which compared with $1.229 billion and $2.026 billion, respectively, last year.
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