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Uber Unveils Another Loss, CEO Promises To Be Profitable "One Day, Can"t Say When"

It appears Uber is readying itself for an IPO as its release of what Bloomberg calls "cherry-.....»»

Category: blogSource: zerohedge15 hr. 2 min. ago

Jet Airways shares plunge to 15-month low after Rs 10 billion Q4 loss

Jet's bigger rival IndiGo, owned by InterGlobe Aviation, had reported a 73 percent slump in March-quarter profit.....»»

Category: topSource: business-standard15 hr. 2 min. ago

Jet Airways to see short term increase in debt level in next few quarters

Jet Airways posted Rs 10.40 billion loss in the fourth quarter FY 18 owing to high costs and a decline in other income.....»»

Category: topSource: business-standard19 hr. 32 min. ago

If Uber Loses $1 Billion, Can It Be Worth $62 Billion?

Uber's valuation raises concerns once again whether companies with huge losses can be worth huge sums......»»

Category: blogSource: 247wallst20 hr. 16 min. ago

Russian Giant Gazprom Settles Antitrust Case With Europe

Gazprom has formally committed to changing business practices to settle a longstanding antitrust case, in a procedure that allows the state-owned gas giant to avoid billion-dollar fines......»»

Category: smallbizSource: wsj21 hr. 47 min. ago

McKesson beats sales estimates but profit falls short

Medical supplies distributor McKesson Corp. said Thursday it had a net loss of $1.146 billion,.....»»

Category: topSource: marketwatch22 hr. 47 min. ago

If Uber Loses $1 Billion, Can It be Worth $62 Billion?

Uber's valuation raises concerns once again whether companies with huge losses can be worth huge sums......»»

Category: blogSource: 247wallstMay 24th, 2018

Jet Airways hits fresh 52-week low on net loss of Rs 10-billion in Q4

The stock slipped by 8% to Rs 386, its fresh 52-week low on the BSE in early morning trade......»»

Category: topSource: business-standardMay 24th, 2018

Uber valued at about $62B in new offer to buy company stock

Three investors are looking to buy stakes in Uber and have valued the company at $62 billion. .....»»

Category: topSource: moneycentralMay 23rd, 2018

Uber valued at about $62B in new offer to buy company stock

Three investors are looking to buy stakes in Uber and have valued the company at $62 billion. .....»»

Category: topSource: moneycentralMay 23rd, 2018

Uber posts 55% first-quarter sales growth

Uber Technologies Inc. released its first-quarter financial results late Wednesday, which said it posted net income of $2.46 billion on gross bookings of $11.29 billion. Uber said gross bookings grew 55% from the year-earlier pe.....»»

Category: topSource: marketwatchMay 23rd, 2018

Brokerages bullish on SBI despite Rs 77 billion loss in Q4FY18

Most brokerages have revised their rating on the stock post results in a hope that the NPA cycle may be turning around......»»

Category: topSource: business-standardMay 23rd, 2018

China"s ZTE estimates at least $3.1 billion loss from U.S. sanctions: Bloomberg

BEIJING (Reuters) - China's ZTE Corp is estimating losses of at least 20 billion yuan ($3.1 billion) due to Washington's ban on U.S. firms supplying the telecommunications firm, Bloomberg reported on Wednesday, citing unnamed sources......»»

Category: topSource: reutersMay 22nd, 2018

Future Consumer Q4 consolidated net loss narrows to Rs 40.5 million

The company had posted a net loss of Rs 113.8 million in the corresponding quarter a year ago.....»»

Category: smallbizSource: nytMay 22nd, 2018

SBI Q4 loss widens to Rs 77.18 bn as higher NPAs worsen asset quality

Provisions for non-performing assets (NPA) stood at Rs 240.80 billion, against Rs 109.93 billion a year ago.....»»

Category: topSource: business-standardMay 22nd, 2018

State Bank of India to post Rs 20.76 billion Q4 loss, expect analysts

Provisioning for depreciation of investments also affected the bank's bottom line.....»»

Category: topSource: business-standardMay 21st, 2018

Grom Social Enterprises Q-1 Loss Narrows from $(0.03) to $(0.01) Per Share

BOCA RATON, Fla., May 21, 2018 (GLOBE NEWSWIRE) -- Grom Social Enterprises (OTCQB:GRMM) ("Grom" or the "Company"), an innovative leader and pioneer in providing original social media content to children between the age.....»»

Category: earningsSource: benzingaMay 21st, 2018

Uber files appeal against licence loss in UK city of Brighton

LONDON (Re.....»»

Category: topSource: reutersMay 18th, 2018

Crude Oil Price Narrows Loss as Inventory Slides

The EIA reports that U.S. crude oil inventories fell by 1.4 million barrels last week and gasoline stockpiles fell by 3.8 million barrels. But production and exports continue rising, offsetting the........»»

Category: blogSource: 247wallstMay 16th, 2018

China"s $30 billion ride-hailing market could double by 2020

In the world's largest ride-hailing market, Uber isn't even in the picture......»»

Category: topSource: cnnMay 15th, 2018