Shanghai (AFP) - Chinese Internet giant Baidu's second-quarter profits plunged 34 percent, it reported, as a scandal over its policies for displaying paid ads cut into customer growth.

Seoul (AFP) - Solid sales of its flagship smartphone and an aggressive cost-cutting drive saw Samsung Electronics on Thursday post a better-than-expected gain in net profit for the second quarter.

San Francisco (AFP) - Apple announced Wednesday the sale of its billionth iPhone, a milestone for the company as it seeks to keep momentum in a competitive smartphone market.

San Francisco (AFP) - Facebook on Wednesday reported a huge quarterly profit jump fueled by strong growth in revenues and its global user base, powering shares higher for the top social network.

San Francisco (AFP) - Twitter's shares fell hard after its quarterly update showed more losses for the struggling social media platform, which has seen sluggish growth in revenues and active users.

Washington (AFP) - Verizon, which agreed Monday to acquire faded internet star Yahoo, grew from its roots as a regional telephone carrier to a top wireless company -- with ambitions to be much more.

Washington (AFP) - Among the best-known names on the internet, Yahoo was one of the first companies that enabled users to find their way online, but has lost its role as a leader.

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