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business

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Huawei's half-year financial results point to 36% increase in sales revenue

It's that time of year when financial statements start to circulate. After Q2 reports of record earnings for Samsung and big losses for LG, it's now Huawei's turn to take the floor. In a statement yesterday, the Chinese company announced its half-year figures, headlined by a 36.2% year-on-year increase in sales revenue, totaling CNY105.4 billion.

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Samsung reports record operating profits in Q2 2017 of $12.67 billion

Samsung's early estimates of its Q2 earnings pointed to record earnings, and the newly released final numbers confirm it. Samsung, which had to recall one of its most important phones less than a year ago, had an operating profit of $12.67 billion (14.4 trillion Korean won) in Q2. That's slightly higher than the estimate from early this month.

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BlackBerry's WorkLife Persona app makes it easier to use your own device for work [APK Download]

Many businesses have to offer their staff work phones so they can get stuff done. This often leads to carrying two phones around, which can be a bit of a pain. One way of solving that issue, as well as being slightly less wasteful, is to introduce a BYOD scheme (bring your own device). This is theoretically possible with an Android device out-of-the-box, as you can have different user profiles. Some Android phones are also dual SIM, so you can use two different numbers. Switching between profiles is often slow and inconvenient, however. A new app from BlackBerry aims to improve on this.

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Hangouts Meet gets chat functionality, but Hangouts Chat is still unfinished

It's time for the next installment of "The Messaging Mess," an unintentional comedy series from Google. After focusing on Allo as a consumer messaging platform, Google has taken to removing features from Hangouts. At the same time, it's launched a pair of business-oriented Hangouts services known as Meet and Chat. However, only Meet is generally available. Starting today, Meet has chat, but it's not Hangouts Chat. It's all so simple.

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AT&T plans to split into media and telecom units after Time Warner merger

As AT&T continues to push for approval of its $85 billion acquisition of Time Warner, the company's leadership has released details of how the new mega-corporation would be structured. The plan calls for the new AT&T to split into independent arms, one handling media and the other doing telecom. This may appease regulators, but things aren't changing at the top.

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Luxury smartphone maker Vertu is shutting down

British luxury smartphone maker Vertu has been dealing with financial woes as of late, but it looked like the company might be able to pull out of its death spiral following an acquisition by Turkish businessman Murat Hakan Uzan. Vertu's new owner has apparently realized how hard it is to sell phones that cost tens of thousands of dollars. After trying and failing to settle the company's debts, Uzan is throwing in the towel. Vertu is closing up shop.

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Lyft adds 7 expense management services including, Expensify, Zoho, and more

You know Lyft, right? It's the ridesharing service not currently embroiled in half a dozen scandals of its own making. While that other company is trying to turn things around, Lyft is focused on more mundane but useful things. Lyft has today added seven new expense management partners, so you can more easily forward your receipts.

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Samsung expects highest quarterly earnings ever for Q2 2017

The last year has been rocky for Samsung with the recall of the Galaxy Note 7 and various legal woes in its native South Korea. And yet, the company has issued Q2 earnings guidance today that points to its highest profits ever. So, I guess people aren't holding any grudges after the Note 7 thing.

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Amazon to buy Whole Foods for $13.7 billion

Amazon began its existence as an online entity that siphoned business away from brick-and-mortar stores, but there's only so much you can do online. Amazon has been tinkering with more real world services like Prime Now local deliveries and its experimental grocery store in Seattle. Now, Amazon is taking a shortcut to building out its own presence; it's buying Whole Foods for $13.7 billion. Coincidentally, that's about what I spent the last time I went to Whole Foods.

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SoftBank's ambitious investment strategy continues with $4 billion stake in Nvidia

Masayoshi Son, the founder of SoftBank, has made no secret of his plans to become "the biggest investor in technology over the next decade". Last year the Japanese corporation acquired ARM Holdings, and it already had a controlling stake in the US carrier Sprint. Son has even set up a special Billion Vision Fund, which aims to raise $100 billion for the purpose of making strategic technology investments. It's now come to light that SoftBank has used some of the capital to amass a roughly $4 billion stake in the chipmaker Nvidia.

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