Uber unveils IPO with warning it may never make a profit
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 IPO filing.
Southwest removes 737 MAX jets from schedule through August 5
Southwest Airlines Co said on Thursday it would remove its 34 Boeing Co 737 MAX jets from its flying schedule through Aug. 5, leading to around 160 daily flight cancellations during the revised summer schedule.
In IPO, Uber reveals 91 million users but slowing growth
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 CEO says two thirds of MAX customers have seen software fix
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 jetlin…
Uber files for IPO, lifting curtain on finances
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 ends flat as investors await bank earnings
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.
Campbell to sell fresh food unit for about $500 million to former executive: WSJ
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 CEO says two thirds of MAX customers have tested software fix
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.
Stocks slide before corporate results, dollar gains
A gauge of global equity markets slid on Thursday as investors waited for 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 slip as OPEC mulls output hike, U.S. stocks build
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.
