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Cash-rich tech firms can’t help tapping US debt markets

  Bloomberg Technology companies from Apple Inc. to Microsoft Corp. have sold more than $100 billion of debt this year even as they sat on more than half a trillion dollars of cash. They did it for two reasons: they wanted to avoid paying taxes, and just because they could. Bond buyers fleeing negative yields on government debt in Europe ...

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Google parent joins $100 billion tech rush to bond market

  Bloomberg Google parent Alphabet Inc. has sold $2 billion of bonds, joining a rush of issuance from technology companies that have already raised more than $100 billion this year. In its first trip to the bond market in more than two years, the Internet giant sold 10-year notes to repay short-term debt, according to a person familiar with the ...

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Nokia raises merger savings target as sales trail estimates

  Bloomberg Nokia Oyj Chief Executive Officer Rajeev Suri raised the target for cost savings from the acquisition of Alcatel-Lucent SA as he tries to support earnings after second-quarter sales trailed analysts’ estimates. Sales dropped 11 percent on a pro forma basis to 5.68 billion euros ($6.33 billion), compared with an average analyst estimate of 5.87 billion euros. Adjusted earnings ...

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