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Economy

Facebook profit falls as costs soar

Facebook Inc reported quarterly revenue that beat forecasts but its profit fell 9 percent as the social media company sharply increased spending to boost mobile revenue and future growth.

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berlusconi] 6
Sports

Italy’s Berlusconi to finalise AC Milan stake sale

Italian former prime minister Silvio Berlusconiis to sign a binding pre-accord to sell 48 percent of his AC Milan soccer club to Thai businessman Bee Taechaubol in the next few days with a final deal to be inked after the summer, a source close to the matter told Reuters on Thursday.

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