Brazil's TIM hits sales headwinds, profit down 16 pct SAO PAULO, May 5- TIM Participaçoes SA, Brazil's second-largest wireless phone company, posted a 16 percent drop in first-quarter profit from a year ago due to weak sales and rising expenses. Net income fell to 313 million reais, according to a securities filing on Tuesday, close to an average estimate of 308 million reais in a Reuters poll of four analysts.
UPDATE 1-Facebook's Sandberg emerges to speak at husband's memorial STANFORD, Calif, May 5- Facebook Inc Chief Operating Officer Sheryl Sandberg re-emerged in public on Tuesday after the accidental death of her husband last week, offering a personal tribute to him in a Silicon Valley memorial service and on her Facebook page. Many of the tech world's top executives filled a 1,700- seat auditorium at Stanford University to...
| By: Sarah McBride and Yasmeen Abutaleb
Will ESPN's battle with Verizon hurt Disney? Rick Munarriz, senior analyst in Media & Tech at The Motley Fool, discusses the clash between ESPN and Verizon over how the Disney-owned sports channel is being sold in a discounted pay-TV package.
UPDATE 2-Groupon's full-year revenue forecast below views, hit by dollar May 5- Groupon Inc forecast full-year revenue well below analyst expectations on Tuesday, hurt by a stronger dollar and weaker-than-expected billings, a key metric reflecting the gross amount collected from customers. Groupon, which once dominated the fast-growing online coupons arena, has been struggling to rev up sales and profit as it battles stiff...
| By: Nandita Bose and Kshitiz Goliya
Thailand takes a hammer to the baht Thailand's baht has long out-muscled regional peers, but amid a stumbling economy, the central bank has pulled the plug on supporting the currency.
| By: Leslie Shaffer
UPDATE 1-U.S. Senate Republicans pass budget plan, eye 'Obamacare' repeal WASHINGTON, May 5- The U.S. Senate on Tuesday narrowly passed a Republican budget plan that prescribes deep domestic spending cuts to eliminate deficits by 2024 and aids the party's goal of trying to dismantle President Barack Obama's signature healthcare law. The first combined House-Senate budget in six years passed 51-48 with all Senate Democrats and two...
| By: David Lawder
UPDATE 2-Mylan says can close Perrigo deal by year end, reports profit May 5- Generic drugmaker Mylan NV, at the center of a high-stakes, three-way takeover battle, said on Tuesday it is fully committed to acquiring Ireland- based Perrigo Co and believes it can complete the deal by year end. Mylan, on a conference call with analysts, said it is legally committed to take its offer directly to Perrigo shareholders under Irish takeover...
| By: Bill Berkrot