Uber to kick off investor road show with IPO terms on Friday
Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with the matter.
T-Mobile U.S. profit beats estimates as it signs up more customers
T-Mobile US Inc first-quarter revenue and profit jumped from a year earlier, beating Wall Street’s estimates, as competitive pricing lured new subscribers to its monthly cellphone plans.
New York investigating Facebook over storage of ‘unauthorized’ email contacts
New York Attorney General Letitia James said on Thursday she is investigating Facebook Inc’s unauthorized storage of up to 1.5 million Facebook users’ email contact databases, the latest privacy issue to affect the U.S. social media giant.
Amazon aims to bring one-day delivery to Prime members around the globe
Amazon.com Inc plans to deliver packages to members of its loyalty club Prime in just one day, instead of two days, part of a spending ramp-up that might curb future profits after a blockbuster first quarter.
Uber to kick off investor roadshow with IPO terms on Friday
Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with the matter.
New coffees, delivery push fuel Starbucks quarterly sales, profit view
Starbucks Corp raised its full-year profit forecast and beat Wall Street estimates for quarterly same-store sales on Thursday, as its new Cloud Macchiato, Matcha tea and cold brews in the United States and speedy delivery network in China drew more cus…
Intel cuts forecast as China data center sales remain weak
Chipmaker Intel Corp on Thursday cut its full-year revenue forecast and missed analysts’ estimates for first-quarter sales for the data center business that has driven growth as PC sales declined in recent years, sending its shares down as much as 7.5%…
Warren Buffett says Berkshire could buy back $100 billion stock: FT
Warren Buffett said his conglomerate Berkshire Hathaway Inc could repurchase as much as $100 billion of its stock, the Financial Times said on Thursday without providing a time frame, citing a recent interview with the billionaire.
Ford more confident of stronger 2019 despite ‘volatile environment’
Ford Motor Co on Thursday posted a better-than-expected first quarter largely due to strong pickup truck sales in its core U.S. market and said it was more confident in its forecast 2019 would bring better results than last year.
S&P 500 nudges lower as industrials drag
The S&P 500 closed just barely lower on Thursday, as a dive in industrial stocks and concerns about slowing global growth eclipsed gains in Facebook and Microsoft.
