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The BBC has just been told it ‘misled’ audiences in a report about EU immigration levels

The BBC is often accused here in the UK of having a pro-European Union bias, but it has just been rapped by its governing body for going too far the other way.

The BBC Trust, which handles complaints about the broadcaster’s editorial output, ruled that on 22 January, a Radio 4 Today programme presenter gave an “inaccurate impression” of the number of immigrants arriving at Europe’s borders.

The presenter, who is not named in the BBC Trust’s ruling, was introducing an interview with French prime minister Manuel Valls when they said that “many thousands” of immigrants try to secure access to the EU everyday.


Wall Street is going nuts for Facebook after its incredible quarter (FB)

Facebook smashed it last quarter, and now Wall Street is going nuts.

The social networking giant reported its Q2 2016 earnings on Wednesday — and the numbers beat analysts' expectations on just about every important metric.

Revenue was up 59% year-on-year, and daily active users were up 17%. The stock rocketed 8% in after-hours trading, reaching a new all-time high, before settling at around 5.5% up.

Growth rates in the coming quarters will likely be lower, CFO David Wehner has cautioned. But in research notes published after the results were announced, analysts are still going wild for Facebook's prospects.

 

We've rounded up commentary from 19 research notes on Facebook's stock, and you can read it all below. But first, here are the key numbers,


Facebook and Google are hurting The Guardian

The Guardian’s owner Guardian Media Group (GMG) reported an £8 million (£10.5 million) fall in revenue on Wednesday to £209.5 million ($275 million) amid “turbulent trading conditions.”

 

Print advertising revenues were down 15% in the 12 months to 3 April 2016, but perhaps most concerningly for GMG, digital turnover fell 2.3% to £81.9 million ($107.3 million).

Although GMG did not comment on the reason for the decline in digital revenues, sources at The Guardian have blamed it on onlie giants including Google and Facebook hoovering up ad spend.

This was backed up by media analyst Enders Analysis.


A trading startup backed by George Soros and Peter Thiel just hit the reboot button

TruMid, the startup backed by venture capitalist Peter Thiel and investor George Soros, has revamped its trading platform as it seeks a new approach to electronic bond trading.

The firm rolled out its new system late last month and says it's already led to more activity than the first iteration.

"We were clear that there was room for improvement, and room to deliver an even better product," TruMid president Mike Sobel told Business Insider. "We think we've made the platform easy to use and highly intuitive, and based on the adoption levels and activity levels, we are encouraged that we were successful in that."

TruMid is one of several firms trying to take advantage of increased interest in electronic bond trading at a time when


Oracle is buying NetSuite for $9.3 billion (ORCL)

Oracle is acquiring NetSuite, a cloud-based software-services provider, in a deal valued at about $9.3 billion.

Oracle's $109-a-share offer is at a 19% premium to Netsuite's Wednesday close.

"Oracle and NetSuite cloud applications are complementary and will coexist in the marketplace forever," Oracle co-CEO Mark Hurd said in a statement. "We intend to invest heavily in both products — engineering and distribution."

Oracle cofounder, executive chairman, and chief technology officer Larry Ellison holds a roughly 45% share in NetSuite together with his family, according to Bloomberg.

The deal is expected to close later this year, pending shareholder and regulatory approval.

(Reporting by Anya George Tharakan in Bengaluru; Editing by Anil D'Silva)


Copies of Elon Musk's latest book recommendation have already sold out on Amazon (AMZN)

Elon Musk is a voracious reader, with tastes ranging from J.R.R. Tolkien to famed biographer Walter Isaacson.

But Musk's latest read is a bit more obscure, and his recommendation has sent it flying off shelves. When asked by Bloomberg's Tom Randall what he was currently reading, Musk responded, “Actually, I'm reading a book called 'Twelve Against the Gods,' by Bolitho," he said. “It's really quite good.”

The book he's


LIVE: APPLE BEATS, STOCK JUMPS (AAPL)

Apple will report its fiscal third quarter results on Tuesday afternoon after the markets close. 

This quarter is usually Apple's slowest, and Wall Street is not expecting to be blown away. 

Last quarter, Apple revealed that iPhone sales had dropped for the first time in its history, and provided revenue guidance for the June quarter of $41 billion to $43 billion. 

At the midpoint, $42 billion, that would be a 15.3% decrease in sales over the same period last year. 

Analysts also worry that the newest iPhone, the lower-cost $400 iPhone SE, might start to cut into Apple's famously healthy profit margins. 

Here's what analysts expect Apple to report, compiled by Bloomberg: 

Q3 EPS (GAAP): $1.36 Q3 revenue: $42.059 billion  Gross margin: 37.94% iPhone unit sales: 39.9 million iP...

Twitter warns that advertiser demand is falling and the stock is crashing (TWTR)

Twitter's stock is crashing, down 10% in after-hours trading, after delivering a revenue forecast that fell well short of Wall Street expectations.

"We're seeing a continuation of the trends discussed last quarter with less overall advertiser demand than expected," Twitter said in its letter to shareholders on Tuesday.

Here are the key numbers:

Q2 revenue: $602 million, up 20% year-over-year, and short of the $607 million expected by analysts. Q2 EPS (adjusted): $0.13 versus $0.09 expected by analysts. Q2 monthly active users: 313 million, up a hair from 310 million in the first quarter of the year. Q3 revenue guidance: $590 million to $610 million versus $681.4 million expected by analysts.

Apple Music just bought the popular 'Carpool Karaoke' series and fans are not happy

The popular "Carpool Karaoke" series has a new owner — but not everyone is happy about it.

Apple Music has emerged as the buyer for the series, which is a spinoff of a segment on CBS’ “The Late Late Show with James Corden.”

For the uninitiated, the series involves Corden picking up a celebrity guest to ride along with him in a compact car while singing their and others' hit songs — past guests have included Adele, Justin Bieber and most recently, First Lade Michelle Obama. According to Variety, the series has helped boost sales and streaming for those songs that are performed on the segment. 


A $15 billion tech deal just landed, and there are 2 big winners on Wall Street

A big deal in the semiconductor industry has just been announced, and there are two big winners on Wall Street.

Analog Devices on Tuesday announced a deal to buy Linear Technologies for $14.8 billion.

Credit Suisse is the exclusive financial adviser to Analog, and is also providing debt financing for the deal alongside JPMorgan and Bank of America Merrill Lynch. Qatalyst Partners is the exclusive financial adviser to Linear.

Credit Suisse is expected to receive $25 million to $30 million in advisory fees, according to estimates from Freeman & Co. It will also share in $35 million to $40 million in financing fees. Qatalyst is expected to get $30 million to $35 million in fees. 

The deal marks a win for Credit Suisse, which has