True price of an Uber ride in question as investors assess firm’s value
SAN FRANCISCO (Reuters) – What is the true cost of an Uber ride?
Lowe’s misses earnings estimates, forecasts slower margins growth
(Reuters) – Lowe’s Companies Inc reported lower-than-expected quarterly earnings on Wednesday and warned of slower growth in profit margins as it spends more on marketing and staffing to take advantage of a robust home improvement market.
Wal-Mart to enter voice-shopping market via Google platform
CHICAGO (Reuters) – Wal-Mart Stores Inc is teaming up with Alphabet Inc’s Google to enter the nascent voice-shopping market, currently dominated by Amazon.com Inc , adding another front to Wal-Mart’s battle with the online megastore.
Mutual funds mark down investments in Uber by as much as 15 percent
NEW YORK (Reuters) – Four mutual fund companies have marked down their investments in Uber Technologies Inc [UBER.UL] by as much as 15 percent following a scandal-ridden year for the ride-hailing company.
Euro, bond yields rise on buoyant business surveys
LONDON (Reuters) – The European single currency and euro zone government bond yields rose on Wednesday after a survey showed the bloc’s manufacturing businesses had their best month of growth in six-and-a-half years.
North American exodus at PetroChina sparks speculation of company shift
NEW YORK (Reuters) – A flurry of departures across the U.S. and Canadian units of Chinese state energy firm PetroChina Co Ltd have sparked speculation that the oil trader is reducing its presence in North America, even though the company says it is co…
Toshiba prioritizes talks with Western Digital on chip business sale: sources
TOKYO (Reuters) – Japan’s Toshiba Corp is prioritizing negotiations with Western Digital to sell its memory chip business after talks stalled with a previously preferred bidder, sources familiar with the matter said on Wednesday.
Massive California verdict expands J&J’s talc battlefield
NEW YORK (Reuters) – A massive California verdict in a lawsuit alleging Johnson & Johnson’s talc-based products cause cancer has opened a new front in the litigation, upending the company’s hopes that the cases were only gaining traction in Missouri, legal experts said.
Google touts Titan security chip to market cloud services
SAN FRANCISCO (Reuters) – Alphabet Inc’s Google this week will disclose technical details of its new Titan computer chip, an elaborate security feature for its cloud computing network that the company hopes will enable it to steal a march on Amazon.com Inc and Microsoft Corp .
As tax debate heats up, Republicans tweak business interest plan
WASHINGTON (Reuters) – Congressional Republicans, seeking to address the complaints of small businesses, are floating changes to their controversial proposal to eliminate business tax deductions for debt interest payments, business lobbyists said on Tu…
