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    Belgian chemical group Solvay will buy U.S. peer Cytec for $5.5 billion to boost its presence in lightweight composites for planes and cars and reinforce its mining chemicals business. Cytec, which makes most of its sales in North America, has 4,600 employees worldwide and annual sales of about $2.0 billion.

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    Twitter reported a more than 60 percent jump in quarterly revenue Tuesday, unexpectedly strong results that could indicate the company's advertising strategy is beginning to work. But the social network acknowledged that it is still struggling to define itself and attract a bigger audience.“We need to communicate our values better,” interim chief executive Jack Dorsey said in a conference call with analysts. The people and businesses that use the service, he said, “must come first and be at the center of everything we do.”Twitter brought in $502 million in revenue and earnings of 7 cents per share during the quarter, significantly higher than analysts expected. It reported another loss during the quarter, $137 million, but that was slightly better than the $145 million loss it reported in the same period last year. The company said that its advertising revenue increased 63 percent to $452 million, with 88 percent of that coming from mobile devices.Twitter's closely watched active user base also grew to 316 million during the quarter, up from 308 million in the previous quarter. That was an increase of 15 percent from the same period last year.The strong financials and stable growth could be good news for the company which is the midst of a search for a new chief executive.Yet investors' initial optimism appeared to disappear quickly as Dorsey and chief financial officer Anthony Noto said that it will take time for Twitter to reach the “mass market” and sustainable user growth.While the social network has a devoted base users, it's been hard-pressed to recruit new people to the flock. Twitter has also been branching out, most notably buying the live-streaming service Periscope in March. But, so far, that hasn't been enough.It’s clear that Twitter is doing a better job of making money off its existing users. But it still has to find a way to expand its userbase. Dorsey, on a call with investors, said that the user growth numbers were “unacceptable” and that the company hasn’t been doing a good job of making itself accessible.Twitter may do that in a number of ways, Dorsey said, including changing the way it displays messages, which are in reverse-chronological order. That layout works well for power-users, but may not be the best way for Twitter to become the go-to service for meaningful news updates. Users should expect Twitter to be “as easy as looking out your window” to find out what’s happening and the world’s most powerful microphone, Dorsey said.Dorsey returned to lead the company earlier this month as interim chief executive, replacing Dick Costolo. But Dorsey is also the chief executive of Square and has been holding both roles for the past couple of months. It's not clear whether Dorsey himself is a candidate for the top job; Business Insider reported that Adam Bain, the company's president of revenue and global partnerships is currently the board's top pick for the role.Twitter did not offer any updates on the chief executive search Tuesday. Two top Twitter executives focused on growth and product, however, did announce that they are leaving their positions. Todd Jackson, Twitter’s product director, is headed to Dropbox; its vice president of product management, Christian Oestlien, will head to YouTube.After closing up more than 5 percent Tuesday trading to $36.54 per share, shares were down more than 6 percent in after-hours trading.






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    Twitter reported a more than 60 percent jump in quarterly revenue Tuesday, unexpectedly strong results that could indicate the company's advertising strategy is beginning to work.But the social network acknowledged that it is still struggling to define itself and attract a bigger audience.  “We need to communicate our values better,” interim chief executive Jack Dorsey said in a conference call with analysts. The people and businesses that use the service, he said, “must come first and be at the center of everything we do.”Twitter brought in $502 million in revenue and earnings of 7 cents per share during the quarter, significantly higher than analysts expected. It reported another loss during the quarter, $137 million, but that was slightly better than the $145 million loss it reported in the same period last year. The company said that its advertising revenue increased 63 percent to $452 million, with 88 percent of that coming from mobile devices.Twitter's closely watched active user base also grew to 316 million during the quarter, up from 308 million in the previous quarter. That was an increase of 15 percent from the same period last year.The strong financials and stable growth could be good news for the company which is the midst of a search for a new chief executive.Yet investors initial optimism appeared to disappear quickly as Dorsey and chief financial officer Anthony Noto said that it will take time for Twitter to reach the “mass market” and sustainable user growth.While the social network has a devoted base users, it's been hard-pressed to recruit new people to the flock. Twitter has also been branching out, most notably buying the live-streaming service Periscope in March. But, so far, that hasn't been enough.It’s clear that Twitter is doing a better job of making money off its existing users. But it still has to find a way to expand its userbase. Dorsey, on a call with investors, said that the user growth numbers were “unacceptable” and that the company hasn’t been doing a good job of making itself accessible.Twitter may do that in a number of ways, Dorsey said, including changing the way it displays messages, which are in reverse-chronological order. That layout works well for power-users, but may not be the best way for Twitter to become the go-to service for meaningful news updates. Users should expect Twitter to be “as easy as looking out your window” to find out what’s happening and the world’s most powerful microphone, Dorsey said.Dorsey returned to lead the company earlier this month as interim chief executive, replacing Dick Costolo. But Dorsey is also the chief executive of Square and has been holding both roles for the past couple of months. It's not clear whether Dorsey himself is a candidate for the top job; Business Insider reported that Adam Bain, the company's president of revenue and global partnerships is currently the board's top pick for the role.Twitter did not offer any updates on the chief executive search Tuesday. Two top Twitter executives focused on growth and product, however, did announce that they are leaving their positions. Todd Jackson, Twitter’s product director, is headed to Dropbox; its vice president of product management, Christian Oestlien, will head to YouTube.After closing up more than 5 percent Tuesday trading to $36.54 per share, shares were down more than 6 percent in after-hours trading.






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    Twitter poised for big move after earnings release. Among the companies whose shares are expected to see active trade in Wednesday's session are MasterCard Inc., Facebook Inc., and Humana Inc.. MasterCard is projected to report second-quarter earnings of 85 cents a share, according to analysts surveyed by FactSet.

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    Online content distributor Akamai Technologies Inc (AKAM) forecast third-quarter revenue and profit below estimates, citing a stronger dollar. Shares of Akamai (AKAM), which claims to deliver between 15 and 30 percent of all Web traffic, fell as much as 13 percent in after-hours trading on Tuesday. The company's second-quarter profit fell nearly 8 percent after 11 quarters of growth, as costs rose.

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    By Sue Chang and Sara Sjolin, MarketWatch. Gilead climbs on robust earnings. Shares of Twitter Inc. soared in Tuesday's extended trade after the microblogging company reported robust quarterly results.

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    * Sees Q3 rev $139 mln-$142 mln vs est. * Chairman Max Levchin resigns. * Shares drop as much as 16.3 pct after-hours. By Kshitiz Goliya and Arathy S Nair. Yelp Inc (YELP), the operator of consumer review website Yelp.com, reported a surprise loss and forecast revenue for the current quarter that fell far below market expectations, sending its shares plummeting in after-hours trading on Tuesday.

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    IAC/InterActive Corp. swung to a profit in the June quarter, as revenue at its Match Group grew 19% ahead of the division's planned initial public offering. Earnings beat expectations, sending shares up 1.7% in recent aftermarket trading. IAC's Match Group, which includes the dating site Match.com, reported a revenue increase of 19%.

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     Airgas shares closed trading up 3.83% to $100.90 on Tuesday following the release of the industrial and medical gas supplier's first quarter earnings today.The Wayne, PA-based company reported first quarter net income of $88.2 million, or $1.16 per share on revenue of $1.35 billion.Both totals topped analysts' expectations for the period of $1.15 per share on revenue of $1.34 billion.

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    - Twitter Inc's shares fell more than 11 percent in extended trade on Tuesday after the microblogging company said its number of monthly average users grew at the slowest pace since it went public in 2013. "This is unacceptable and we're not happy about it," Jack Dorsey, who stepped in as interim chief executive on July 1, said on a call with analysts.

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    Shares of Twitter Inc. (TWTR) jumped 3% in after-hours trade Tuesday after the microblogging site said it topped sales and non-GAAP earnings expectations for the second quarter on a sharp rise in advertising revenue. Twitter reported a net loss of $136.7 million, or 21 cents a share, compared with a year-earlier loss of $144.6 million, or 24 cents. Excluding one-time items, the company said it earned 7 cents a share, topping average analyst estimates of 4 cents, according to FactSet.

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    Shares of Gilead Sciences Inc. (GILD) rallied in Tuesday's extended trade after the biotechnology giant turned in quarterly results that far exceeded expectations. Gilead reported its second-quarter earnings rose to $4.49 billion, or $2.92 a share, from $3.66 billion, or $2.20 a share, a year earlier. On an adjusted basis, Gilead earned $3.15 a share, ahead of analysts' estimate of $2.71 a share.

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    Akamai Technologies Inc (AKAM), whose services help deliver Internet content faster, reported a near 8 percent fall in quarterly profit, hurt by a rise in costs. Shares of Akamai (AKAM), which claims to deliver between 15 and 30 percent of all Web traffic, fell 5.6 percent to $69.50 in trading after the bell.