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Verizon quarterly profit jumps, helped by tax reform

NEW YORK (Reuters) - Verizon Communications Inc on Tuesday reported quarterly revenue that exceeded analyst estimates as phone subscribers grew while tax cuts helped its profits soar, boosting its shares in premarket trading.

Business

Lawsuit in U.S. accuses nine banks of rigging Canadian rate benchmark

NEW YORK/TORONTO (Reuters) - Nine large banks, including six from Canada, have been accused in a lawsuit of conspiring to rig a Canadian rate benchmark to improve profits from derivatives trading.

Business

GM's new Chevy Silverado bids for more U.S. pickup profits

DETROIT (Reuters) - General Motors Co on Saturday will fire a new round in the battle for profits from one of the U.S. auto industry's most lucrative segments when it shows a new generation of its Chevrolet Silverado pickup truck at Detroit's auto show.

Technology

Corporations may dodge billions in U.S. taxes through new loophole: experts

WASHINGTON (Reuters) - A loophole in the new U.S. tax law could allow multinational corporations like Apple Inc to avoid paying billions of dollars in taxes on profits stashed overseas, according to experts.

Business

IPhone addiction may be a virtue, not a vice for investors

NEW YORK (Reuters) - Apple Inc investors are shrugging off concerns raised by two shareholders about kids getting hooked on iPhones, saying that for now a little addiction might not be a bad thing for profits.

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