Uber Technologies Inc has 91 million users, but growth is slowing and it may never make a profit, the ride-hailing company said on Thursday in its initial public offering filing.
Boeing Co’s chief executive said on Thursday that about two-thirds of the planemaker’s 737 MAX customers have joined simulator sessions with a software update designed to prevent disasters like two recent fatal crashes involving its best-selling jetliner.
Uber Technologies Inc on Thursday revealed its initial public offering (IPO) filing, saying more than 90 million riders used the service worldwide while warning it may never make a profit due to pressure from rivals.
The S&P 500 ended little changed on Thursday as growing anxiety over a global economic slowdown offset upbeat data and investors waited for earnings season to kick into high gear.
Uber Technologies Inc on Thursday filed publicly with the U.S. Securities and Exchange Commission for its initial public offering (IPO), taking it a step closer to one of the largest technology stock listings of all time.
The S&P 500 ended flat on Thursday as investors waited for earnings season to kick into high gear, but healthcare stocks fell.
Campbell Soup Co is nearing a deal to sell its fresh food unit’s Bolthouse Farms for about $500 million to a group led by the former chief executive officer of the brand, the Wall Street Journal reported on Thursday.
Boeing Co Chief Executive Dennis Muilenburg said on Thursday that 67 percent of its more than 50 737 MAX customers have tested the manufacturer’s software fix in simulator sessions, with additional tests expected in the coming weeks.
A gauge of global equity markets slid on Thursday as investors waited for U.S. first-quarter earnings reports while Treasury yields rose after strong U.S. data and a six-month extension of a deadline for Britain to leave the European Union.
Oil prices fell on Thursday after sources said OPEC may raise output from July if Venezuelan and Iranian supplies fall further and prices keep rallying.
Thousands of taxi drivers snarled traffic in the center of Buenos Aires on Thursday to protest the threat to their business from Uber, in the latest reminder of the headaches the ride-hailing platform faces worldwide as it prepares to go public.
The Federal Aviation Administration will hold a meeting Friday with major U.S. airlines that fly now grounded Boeing 737 MAX airplanes and three major pilots’ unions, the agency confirmed.
Campbell Soup Co is nearing a deal to sell its fresh foods unit, including Bolthouse Farms, for about $500 million to a group led by the former chief executive officer of the unit, the Wall Street Journal reported.
Healthcare stocks pulled Wall Street lower on Thursday as growing fears of a global economic slowdown countered upbeat economic data and investors waited for earnings season to kick into high gear.
Royal Dutch Shell pulled out of a project to build a Russian liquefied natural gas plant partly because Gazprom suddenly added another partner with links to an ally of President Vladimir Putin, according to five sources.
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