Early movers: MRK, GE, EXE, XRX, GOOGL, AAPL, FB & more

Check out which companies are making headlines before the bell:

Merck — The drugmaker earned an adjusted 93 cents per share for the second quarter, two cents a share above estimates. Revenue beat forecasts, and Merck also raised the lower end of its full-year guidance.

Cigna — The insurance company reported quarterly profit of $1.98 per share, missing estimates of $2.39 a share. Revenue was also below forecasts, as group disability and life insurance results fell shy of expectations. Cigna also cut its full-year forecast.

Spirit Airlines — Spirit posted a quarterly profit of $1.11 per share, topping expectations of $1.08 a share. Revenue fell below Street forecasts, however. The company said it was experiencing pressure on yields and expects that to continue through the summer travel season.

AutoNation — The car retailer earned $1.08 per share for the second quarter, three cents a share better than estimates. Revenue was slightly short of Street forecasts. The company said it is beginning to see benefits from cost structure and inventory adjustments.

Xerox — Xerox came in five cents a share above estimates, with adjusted quarterly profit of 30 cents per share. Revenue was in line with forecasts. The company was able to beat on the bottom line despite slowing sales of printers and copiers, and negative effects from currency fluctuations.

Lexmark — The enterprise hardware and software maker reported adjusted quarterly profit of 69 cents per share, six cents a share above estimates. The company also beat on the top line. Lexmark also said that shareholders have approved the company’s buyout by a consortium of private-equity investors.

Newell Brands — The household products maker earned 78 cents per share for its latest quarter, six cents a share above estimates. Revenue also scored a beat. The company formerly known as Newell Rubbermaid enjoyed strong sales for both legacy brands and those it acquired when it bought Jarden Corp., such as Yankee Candle.

Amazon.com — Amazon reported adjusted quarterly profit of $1.78 per share, well above estimates of $1.11 a share. The online retail giant’s revenue also beat estimates, driven by an increase in Prime subscriptions and growth for its cloud services business.

Alphabet — Alphabet beat estimates by 38 cents a share, with adjusted quarterly earnings of $8.42 per share. Revenue also exceeded Street forecasts. The Google parent saw an increase in users and in its mobile ad business.

Facebook — Facebook may owe up to $5 billion in additional taxes, according to a Securities and Exchange Commission (SEC) filing. The social media giant said the Internal Revenue Service is looking into the tax implications of the transfer of assets overseas.

CBS — CBS posted second-quarter profit of 93 cents per share, seven cents a share better than estimates. Revenue was slightly above forecasts, as well. The company’s results were helped by new deals involving the Star Trek franchise, but it also saw advertising revenue drop by 2.6 percent compared to a year earlier.

Wynn Resorts — The casino operator reported adjusted quarterly profit of $1.07 per share, compared to estimates of 91 cents a share. Revenue also scored a slight beat. Wynn was helped by an increase in revenue from its operations in Macau, in contrast to declines of recent years.

Deckers Outdoor — Deckers lost $1.80 per share for its latest quarter, smaller than the $2.07 per share loss expected by analysts. The company’s revenue was better than analysts had been predicting, although its current-quarter earnings guidance is slightly below forecasts. The maker of UGG and other footwear brands saw same-store sales fall 7.3 percent during the just-concluded first quarter.

Expedia — Expedia earned an adjusted 83 cents per share for the second quarter, five cents a share higher than estimates. The travel website operator saw revenue miss forecasts, however, due to higher promotional spending and discounts. Expedia Chief Financial Officer Mark Okerstrom also told Reuters that recent terrorist attacks in Europe have impacted its business.

Western Digital — Western Digital came in eight cents a share above estimates, with adjusted quarterly profit of 79 cents per share. The disk drive maker’s revenue also exceeded forecasts. The recent purchase of SanDisk helped increase sales, although it also contributed additional costs during the just-concluded fiscal year.

General Electric — Chief Executive Officer Jeff Immelt bought 50,000 GE shares for about $1.57 million, according to an SEC filing.

Microsoft — Microsoft will cut about 2,850 more jobs over the next year. That brings the software giant’s total planned cuts to about four percent of its workforce, or about 4,700 workers.

Apple — Apple will unveil a redesigned version of its app store in the next few weeks, according to a Bloomberg report. The new version takes a page from Amazon by using a customer’s buying history to recommend new purchases.

Anheuser-Busch InBev — Anheuser said its latest offer for rival beer brewer was final and would not be changed. Earlier this week, AB InBev raised its offer by one pound per share to account for the drop in the value of the British currency following the Brexit vote.

Sanofi — Sanofi reported a nine percent drop in profit for the second quarter, as the French drugmaker’s sales of diabetes drugs in the U.S. hurt its bottom line. Sanofi was also affected by currency fluctuations.

Sony — Sony surprised analysts by reporting a fiscal first quarter profit, powered by sales of its PlayStation 4 video game console.

CORRECTION: This article was updated to show Spirit Airlines reported adjusted earnings of $1.11 a share, topping expectations.

[“source -cncb”]

Fb, a Information Massive That might Alternatively Display Us Child Photographs

 Baby posing for picture, smartphone, iphone

Whilst allegations surfaced built-ingintegrated month that Facebook built-inautomatically suppressed conservative built-ints of view built-in its Trendbuilt-ing Subjects Information phase, the company workedaggressively to built-in the general public that it wasn’t deliberately tiltintegratedg to the left of the political spectrum.

Mark Zuckerberg, the built-iness enterpriseintegrated‘s co-founder and leader govt, built-invited conservative lumintegratedaries to Fb‘s Silicon Valley headquarters, and over some fancy snacks, they seemed to make peace. The difficulty blew over. But it additionally seemed to raise deeper questions about Facebook‘sstrength to steerintegrated how we apprehend what is built-inintegrated built-in the built-international.

Toddler posintegratedg for photograph, phone, iphone
Sally Anscombe | Getty Snap shots
Measured by way of web traffic, advert sales and have an impact onintegrated over the way the relaxationof the media makes cash, Fb has grown integratedto the maximum powerful force built-in the News built-industry. However the social network has built-in quite classified itself as built-insomethbuiltintegratedanalogous to a News enterprise, and it’s been both uncomfortable with and unprepared to answer questions about whether it strives to stick to journalistic ethics.

Must we be built-inkbuiltintegrated Fb as a News website? Is that how Fb thbuilt-inks of itself?

Greater from The The big apple Instances:
Fb to change News feed to focus on pals and family
Fb ‘trendintegratedg’ listbuiltintegrated skewed by means of integrated judgment, now not built-institutional bias
Facebook‘s bias is 7fd5144c552f19a3546408d3b9cfb251, and bears integrated
No, no longer frequently, Facebook now says. In a file published on Wednesday, the company integrated, for the primary time, the “values” that govern News Feed, the scrollbuilt-ing built-ingintegrated of posts thatFb presents to its 1.65 billion users each time they built-ing.

Although it is couched built-inintegrated anodyne language of a corporate News launch, the file‘s messageHave to come as a surprise to all people built-inside theintegrated media commercial enterpriseintegrated.built-ing to those values, Fb has a built-inunmarried overridbuilt-ing reason, and it isn’t always Information.Fb is integrated for tellintegratedg you what’s up together with your pals and family.

Adam Mosseri, the Facebook manager built-in fee of Information Feed, stated built-int of a recent built-interview that integratedformbuilt-ing and built-inintegrated users is also a part of the company‘s task.However he made clean that News and built-inment are secondary hobbies.

“We assume More, spend Greater time and work on Greater projects that try and assist humans explicitthemselves with their pals or study their friends or have conversations with their buddies,” he said.

As though to underscore the integrated, the agency is creating a tweak to its Information Feed built-ingmachbuiltintegrated to built-inboom the prombuilt-inence of content out of your pals and family over poststhrough News organizations and different companies. It is also integrated News agencies that their trafficwould possibly declbuilt-ine due to the exchange.

those actions spotlight a truth that tends to get lost integrated observation approximately the socialnetwork‘s built-influence over the Information: At Facebook, built-informintegratedg users about the sectorwill always take a lower back seat to lovable Images of built-infants (now not that there’s built-inanythbuiltintegrated built-in with that).

Because Fb does not built-inthbuiltintegrated itself by and large as a Information agency, it seems to wantus to forestall built-inintegrated it to act like one. whether we Ought to, Although, is a Greater complexdepend.

The employer has lengthy been hounded by newshounds and activists over its strength to shape theInformation thru its algorithms, or the code that determintegratedes which testimonies you notice, integratedNews Feed.

The question of a way to reflect onconsideration onintegrated Fb‘s position built-inbuiltintegratedInformation — and whether or not we Have to demand the equal standards of accuracy, objectivity, transparency and equity that we count on from conventional outletsmay be the primary puzzle of our new media age.

built-ing with Fb, the values built-inmentioned built-inside theintegrated file have been the integratedgovernbuilt-ing philosophy of News Feed because itintegrated built-into commenced a decadebuiltintegrated, and Mr. Zuckerberg and Chris Cox, Facebook‘s leader product officer, were deeplybuiltintegrated integrated draftbuilt-ing the brand new document.

Mr. Mosseri says Fb uses a variety of equipment to built-inintegrated that News Feed is built-in whatcustomers need. One of the built-inintegrated ones, he stated, is consumer surveys, which provide Fb awealthy trove of records. these surveys, and the reality that approximately 200 humans are built-inintegrated built-in News Feed, act as a bulwark built-inagabuiltintegrated someone person‘s bias built-infectintegratedg Information Feed, Mr. Mosseri said. built-ingsintegrated‘s alternatives, and the way Fbadjusts to them, additionally imply that Information Feed will built-inuouslyintegrated trade. “We view ourpaintings as most effective 1 percent built-infbuiltintegrated,” the post says.

However integrated any other manner, Fb‘s values best built-in complicate our picture of the network. If Fbdoes now not built-inintegrated its built-incipal project as News, what Need to we make of all its recentovertures to News busbuiltintegrated?

closbuiltintegrated yr it started out Immediate Articles, a feature that permitsintegrated Information built-in,integrated The The big apple Instances, to host their tales on Fb. Greater recently, it signed contracts withmasses of Information groups to supply live-streamintegratedg movies. The Instances is some of thecompanies which might be receivbuilt-ing payments from Fb to create live movies.

also, how Have to we react to the truth that for millions of usa citizens, Facebook has become themaximum essential supply of News about the sector? The Pew Research Middle built-in that for adultsintegrated 20s and 30s, Fb is a ways and away the most famous source of News approximately authoritiesand politics.

and how Ought to News corporationsintegrated integrated ever deeper partnerships with Fb, integrated a few integrated built-in the employer as a number one part of their built-inbusbuiltintegrated fashions, ifFacebook is disclaimintegratedg Information as its built-inmabuiltintegrated project — and is alsopromisbuilt-ing to mabuiltintegrated built-inintegrated the Information Feed as it sees builtintegrated?

That is a humorous integrated transparency,” said Robyn Caplan, an analyst on the Researchgroupintegrated statistics & Society. “Despite the fact that they appear to have been havbuiltintegrated thatInformation is built-in they want their integrated to go, they may be now integrateddicatintegratedg that their first priority is to preserveintegrated that environmentintegrated that they have got been recognized for,that’s facts from friends and family.”

Ms. Caplan talked about that even when Facebook‘s values do superficially align with the ones of theInformation built-iness, at a deeper degree the 2 aspects appear to look integrated integrated very built-inintegrated methods.

As an exampleintegrated, Facebook‘s report takes no stand on what built-in content it considers “integratedformative.” As a substitute, built-informative content material is integrated the attention of theuser.

built-ing that one person fbuiltintegrated integratedformative or thrillbuiltintegrated may be built-inintegrated from what every other person reveals built-informative or built-inintegratedthis can be asubmit about a current occasion, a story approximately your favourite movie star, a bit of neighborhoodInformation or a recipe,” the record says.

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Fb CEO’s Hawaii neighbors grumble about new wall

Mark Zuckerberg

The wall started going up approximately 4 to 6 weeks in the past. It runs alongside the belongingssubsequent to a avenue in the semi-rural network of Kilauea.

While earlier than whilst we drove along the street we may want to see the sea and spot thru the assets, it is last off that view,” Crain stated. “So I assume this is a part of it. No person likes change.”

Crain predicted the wall became about 6 ft tall and that every other present wall at the property was onlyapproximately four ft. Few could whinge if the new wall changed into constructed at the same height, Crainexpected.

Lindsay Andrews, a spokeswoman for the billionaire’s Kauai property operations, says the rock wall is designed to lessen highway and avenue noise. Comparable partitions are robotically used for this cause, she stated. The wall follows all policies and policies, she said.

“Our whole team remains dedicated to ensuring that any development respects the neighborhoodlandscape and environment and is considerate of buddies,” she stated in a statement.

Other pals advised The Lawn Island newspaper on Kauai that the wall changed into oppressive, blocks breezes and views and “would not feel neighborly.”

But software program engineer Brian Catlin said the fence looks high-quality. He said it is an developmentat the barbed twine fence that become there. He stated the complaining was limited to “just a few crybabies” and “Nobody else cares.”

In the event that they wanted to protect the view, they must have bought that land,” Catlin said. “He paid a lot of cash for that so he can do what he needs with it.”

Catlin insisted the rock wall turned into much less than 6 ft tall due to the fact that is how tall he is and he can see over it.

Forbes said Zuckerberg paid over $100 million for the belongings, which spans more than 700 acres on thecoast, in 2014.

Catlin said it turned into an amazing factor Zuckerberg sold the assets due to the fact a precedinglandowner had plans to build a housing development on a part of it, which could have multipliedautomobiles and site visitors. The Lawn Island newspaper suggested in 2014 that a 357-acre phase of thebelongings known as the Kahuaina plantation were subdivided for 80 luxurious houses of as much asseven acres a chunk.

fb chooses pals and circle of relatives over celebrities to your feed, which might be healthy

facebook logo crop

For fb not anything is extra critical than maintaining you engaged with your information feed. That’s why theenterprise introduced Wednesday that it’d prioritize posts out of your buddies and circle of relatives to yournews feed over the ones from fb pages for celebrities, politicians, and brands. The change will roll out to allcustomers international in the coming weeks.

facebook additionally took this possibility to publicize a information Feed manifesto. It’s a fixed ofguidelinesfacebook calls them values—that informs the agency’s decisions on how great to alter thenews feed for its customers, fb news feed chief Adam Mosseri explained. facebook has been the use ofthese suggestions for years, Mosseri delivered.

Why this matters: If this all sounds acquainted, it’s because facebook made a similar statement in April 2015. again then fb wanted to strike a higher stability between friend and pages content. but now it appearsthe corporation is aiming to put family and pals way in advance of everything else, which is probably as ithave to be.

How fb will prioritize your news feed
you may take a look at out the information feed manifesto for yourself on facebook’s website online, butright here are the fundamentals:

fb says posts from own family and pals always come first, and over the years the organization learns which posts from amongst your own family and pals it must prioritize in addition. moreover, facebook believes yournews feed must tell you based totally in your pursuits for hard news stories, celeb gossip, and so forth. Plus it wants to make sure your news feed entertains, due to the fact you may by no means get sufficientcat videos. In different phrases it won’t be completely approximately circle of relatives and pals—you’llstill see posts out of your favourite information sources and net memes from George Takei.

The organization also says the social network must be “a platform for all ideas,” that’s a clear nod to currentcriticisms that fb became suppressing politically conservative viewpoints—unwittingly or in any other case.

fb goes directly to give an explanation for that it strives to show you testimonies which you take into account true and no longer clickbait. in the end, facebook says it is always iterating at the information feed, and that it needs you to manipulate what you notice with in line withpublish options to cover and unfollow,in addition to the “see first” putting to manually rank your facebook pals and pages.

What facebook doesn’t point out about manipulate is that it nevertheless received’t will let you default to look the most current posts first—a setting this is as close as facebook gets to a Twitter-like feed thatshows you the entirety.

fb provides video replies to its listing of commenting alternatives

facebook logo crop

For those times while handiest a personal message will do, you can now add videos to the feedbacksegment of any facebook put up through a person, page, organization, or occasion. As of Friday, the brand new function is to be had international on Android, iOS, and the computer.

facebookvideocomments

fb/Bob Stanley Baldwin
fb’s new video commenting characteristic.
Video feedback were born out of a facebook hackathon held earlier in 2016. in case you’re not familiarwith the time period, a hackathon is in which organization developers are given restricted time (generally an afternoon, weekend, or night) to create any new feature they need. We’ve visible excitingresults come from hackathons earlier than, together with the cellular app Timehop, which commenced as a Foursquare hackathon venture way again in 2011.

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Gawker founder says fb ought to be held liable for bullying

Nick Denton

Gawker Media founder Nick Denton acknowledges that his web sites ought to be held responsible what what they publish. He thinks the identical need to be genuine of an awful lot larger systems likefacebook.

“There are bullying scandals everyday of the week,” Denton stated Thursday on the Code conference in Rancho Palos Verdes, California. “The obstacles aren’t there.”

Denton turned into a overdue addition to the Code schedule, agreeing to make an appearance after newssurfaced that billionaire assignment capitalist Peter Thiel became investment lawsuits against Gawker.

Nick Denton
Gawker CEO: i ambarely inspiredby way of Thiel’s ‘count of Monte Cristo’ revenge
Pending enchantment, Gawker will need to pay about $140 million to Terry Bollea, known as Hulk Hogan, for posting a sex tape of the previous seasoned wrestler in 2012.

Denton said he does not remorse publishing the Hogan tape, although there are harmful stories he says Gawker and its related web sites should not have run over the years. however he says fb and othersocial networks like Kik ought to be scrutinized for content that is regularly more unfavorable.

As structures, those companies get more flexibility due to the fact they are sites for others to publishfabric and are not publishers themselves.

And, by means of the way, Thiel is a fb board member.

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fb board seeks reduce in Zuckerberg manage in occasion of founder’s departure

Mark Zuckerberg

facebook‘s board has proposed doing away with Mark Zuckerberg’s majority voting manage in the event of the social media massive‘s leader govt and founder figuring out to exit management at some point indestiny.

In a proxy submitting on Thursday with the U.S. Securities and alternate fee, facebook‘s board said it’s going to ask shareholders to vote on an offer that might convert Zuckerberg’s elegance B stocks intoelegance A stocks if he is not in a leadership position.

As of June 2, Zuckerberg beneficially owned approximately four million magnificence A shares and about419 million elegance B shares, together representing about fifty three.eight percent of general first rateballoting electricity and 14.8 percent of general exceptional financial hobbies.

Nick Denton
Gawker founder says fb ought to be held responsible for content
The proposed circulate – to be voted on at facebook‘s annual wellknown meeting on June 20 – is designed to ensure a destiny fb chief‘s control powers aren’t restrained, the board said.

those new phrases thus make certain that we will no longer remain a founder-controlled business enterprise after we quit to be a founder-led organization,” the board said in the submitting. (bit.ly/1Y5tYkP)

underneath modern-day provisions, Zuckerberg is allowed to keep elegance B stocks and workoutmajority voting control even though leaves the employer. Zuckerberg would also be allowed to skip hismagnificence B stocks, and possibly his majority voting manage, to descendants after his death.

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fb, Twitter, YouTube, Microsoft back european hate speech regulations

facebook, Twitter, Google’s YouTube and Microsoft pledged on Tuesday to review requests for the removalof hateful content material published on their systems within 24 hours as part of a code of behavioragreed with ecu regulators.

government throughout Europe had been attempting in latest months to get social systems to crack down on growing on-line racism following the refugee crisis, with a few even threatening motion towardsthe organizations.

ecu Justice Commissioner Vera Jourova said tackling unlawful on-line hate speech has taken on broughturgency because of the growing use of social media by terrorist businesses to radicalize younger human beings and spread violence and hatred.

the european commission stated the four web giants will review the general public of legitimatenotifications for removal of unlawful hate speech in less than 24 hours and get rid of or disable get entry toto such content material if important.

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Why,one,tech,fund,manager,is,warm,on,Amazon,,now,not,a,lot,on,fb

Twitter has been a part of primary conversations around the sector in its ten years of lifestyles, with a hundred and forty man or woman tweets ranging from historical elections to star-studded Oscar selfies tolive cricket tournaments.

Now, the company is specializing in a brand new, growing phenomenon, according to one of its executives: stay video streaming.

Rishi Jaitly, vice president for Asia Pacific, middle East and North Africa at Twitter, spoke to CNBC on Wednesday at a hearth chat at upward push 2016, a generation conference in Hong Kong, where he saidthe platform becomeconstructed for the live reviews.”

In 2015, Twitter received the live streaming app Periscope which lets users broadcast stay or view livecontent material from anywhere. for example, a scholar in new york may want to watch a live videoapproximately a public protest in an Asian united states midway across the globe.
advertising and marketing

inRead invented by using Teads
better net connectivity through WiFi and 4G in Asia made the region equipped for stay video streaming,said Jaitly.

students react to the video game throughout ‘The Twitch membership‘ at a center school, November 23, 2015.
Amazon’s gaming platform attracts large numbers, and mints money for gamers
toward the cease of may additionally, Twitter announced a partnership with KKBOX, one among Asia’sleading music streaming offerings, to bring chinese language pop song (C-Pop) to a much broader,international target audience.

KKBOX will put up stay content onto its own Twitter account, together with weekly Q&A periods with artists, autographed videos from musicians and producers and live broadcasting of C-Pop live showsthrough Periscope.

it’s the mainstreaming of Periscope,” said Jaitly. “What they recognise is present day precedence is target audience. What they may be trying to do is build and interact an target market that has affinity and loyalty. Monetization and all with a purpose to come [later].”

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Mark Zuckerberg is ‘dictator’ of fb ‘country’: The Pirate Bay founder

Facebook boss, Mark Zuckerberg
facebook boss Mark Zuckerberg is the “dictator” of “the most important state in the international“, the co-founder of file sharing site The Pirate Bay, instructed CNBC on Friday, as he denounced the centralization of electricity at the internet.

fb boss, Mark Zuckerberg
David Paul Morris | Bloomberg | Getty photos
fb boss, Mark Zuckerberg
speakme for the duration of an interview at the subsequent web conference in Amsterdam, Peter Sundesaid that there may be “no democracy” on line.
humans in the tech industry have quite a few duties however they never really discuss this stufffacebook is the most important state inside the world and we’ve got a dictator, if you examine it from a democracy standpoint, Mark Zuckerberg is a dictator. I did now not select him. He units the guidelines,” Sunde advised CNBC.
“And actually you can not decide out of facebook. i’m no longer on fb but there are a lot of drawbacks in my offline global. No party invitations, no updates from my pals, humans forestall speakme to you,because you are no longer on facebook. So it has real life implications.”
fb declined to remark while contacted with the aid of CNBC. The social network has 1.6 billion customerson its platform.

Mark Zuckerberg, chief govt officer of fb Inc.,
Zuckerberg: I need to cure all diseases this century
Sunde is a left-winger fine acknowledged for co-founding The Pirate Bay, the notorious document sharingweb page which landed him in prison in 2014 for which he served a 5 month sentence. His different co-founders had been all found responsible of copyright infringements.

to illustrate his factor, Sunde noted the instance of while German Chancellor Angela Merkel wasoverheard at a United international locations assembly confronting Zuckerberg approximately anti-immigration posts on facebook.
it is form of what it involves. We send main leaders of Europe to ask him to forestall interfering with ournearby tradition. How did we emerge as in a state of affairs like this?,” Sunde said.
“If politicians were a little bit extra toughcore and in fact believe in this they might be able to restore it. Ifwe say fb doesn’t consider our rules in our us of a we’re going to prevent fb in our country. We censor a lot of things, why now not censor facebook?,” he added.