Ridesharing company Uber Technologies revenue in the first quarter jumped 67% year-over-year to $2.5 billion and adjusted loss improved to $304 million
Uber reports 67% jump in Q1 revenue and trims down losses
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Target posts strongest performance in over a decade
Target Corporation (TGT) posted a 3.4% rise in total revenues to $16.8 billion for the first quarter of 2018 helped by a
HPE Q2 results beat estimates; lifts full-year guidance
Information technology company Hewlett Packard Enterprise (HPE) turned to profit in the second quarter of 2018 from a loss last year. The
LIVE BLOG – European lawmakers leave fuming as Zuckerberg gives broad answers
Tajani asks Zuckerberg whether it is possible to give individual answers to the questions posed at him on a later date. Zuckerberg
Elon Musk admits to Tesla Model 3 braking issue, confirms firmware fix
And just like that, Tesla is back in the news. And this time, it is actually regarding a product — the Model
Kohl’s Corp posts upbeat first quarter results
Kohl’s Corporation (KSS) reported a 3.5% increase in total revenues to $4.2 billion for the first quarter of 2018. Comparable sales increased
Soon after Hilton exit, Blackstone grabs LaSalle Hotel for $4.8 billion
Three days after ending an 11-year association with Hilton Worldwide Holdings (HLT) by divesting its remaining stock in the hotel group, Blackstone
Microsoft acquires Semantic Machines to boost AI capabilities
The ever-increasing prominence of artificial intelligence gets another push from Microsoft Corp.’s (MSFT) purchase of AI start-up Semantics Machines in a deal
Airliners are boarding this summer with caution
Brace for impact; the aviation sector is cruising into the busy summer season with fuel prices soaring at a higher altitude. Only
Fifth Third Bancorp to buy MB Financial for $4.7 billion
Broadening its presence in the regional markets further, Fifth Third Bancorp (FITB) agreed to acquire MB Financial (MBFI) in a cash-and-stock deal,
Cambridge Analytica succumbs to data scandal; files for bankruptcy
There are many examples of thriving businesses getting embroiled in scandals that ultimately spoil their financial prospects, but rarely well-established companies wind
Head of flying taxi program Jeff Holden is the latest to leave Uber
The deepening chaos at Uber, both in operations and governance, gives the impression that the company is struggling to cope with its
Elon Musk offers LA residents $1 per ride in underground tunnels
As usual, Tesla (TSLA) CEO Elon Musk did not disappoint those who were eagerly waiting for his comments at the community meeting
FDA approves first drug to curb opioid withdrawal symptoms
Health issues associated with withdrawal symptoms during therapeutic practices involving addictive opioids have long been a challenge for medical practitioners. After illegal
United Airlines finance chief Andrew Levy resigns
In the latest development, United Continental Holdings (UAL) announced that it has initiated a search to replace its finance chief Andrew Levy,
Applied Materials sinks despite revenue and earnings beat
Applied Materials (AMAT), a supplier of semiconductor manufacturing equipment to chipmakers around the world, posted strong top and bottom line results, beating
Walmart earnings gain from e-commerce push, top Street view
Walmart’s (WMT) efforts to revitalize its e-commerce business yielded the desired results in the first quarter when earnings rose sharply and surpassed
Cisco reports earnings and revenue beat for Q3
Networking company Cisco (CSCO), which reported revenue growth for the first time in a couple of years last quarter, continued the same
Bitcoin mining chipmaker Canaan is gearing up for $1-billion IPO
The widespread adoption of dedicated computer hardware for bitcoin mining in recent years has brought a revolutionary change to cryptocurrency trading, while
Amazon Go expands to two new cities outside Seattle
Touted as the future of convenience store, Amazon’s (AMZN) latest experiment the cashier-free, camera and sensor-filled Amazon Go stores has apparently been
Murdoch vs. FOX shareholders could be the new ‘Avengers vs. X-Men’
Rupert Murdoch is many things (including 'inspiring' a certain Bond villain.) A business veteran and a media tycoon, Murdoch is used to