Uber drivers remain independent contractors as lawsuit settled
SAN FRANCISCO (Reuters) – Uber has agreed to pay up to $100 million to settle a class-action lawsuit which resolves a major challenge to its business model by allowing the ride-hailing service to keep its California and Massachusetts drivers as indepen…
Microsoft revenue, profit misses estimates
(Reuters) – Microsoft Corp reported results that fell short of analysts’ expectations, showing its high-profile cloud business cannot quite make up for a slowing personal-computer market.
Daimler opens internal emissions probe at U.S. request
(Reuters) – German automaker Daimler AG said late Thursday it is conducting an internal investigation of its certification process for diesel exhaust emissions in the United States at the request of the Justice Department.
Visa lowers revenue forecast, amends Visa Europe deal
(Reuters) – Visa Inc, the world’s largest payments network operator, lowered its full-year revenue forecast, blaming lack of improvement in cross-border spending.
Starbucks cafe sales growth falls short, shares fall
(Reuters) – Starbucks Corp, the world’s largest coffee chain, said on Thursday quarterly cafe sales grew less than expected in every region where it operates and issued a disappointing full-year forecast, sending its shares down about 4 percent.
Sears to close another 78 stores, 5 percent of total
(Reuters) – Sears Holdings Corp said on Thursday that it would close 78 stores in the coming months, or about 5 percent of its total store network, the loss-making retailer’s latest move to shrink its operations.
VW forges U.S. deal arising from diesel emissions scandal
SAN FRANCISCO/WASHINGTON (Reuters) – Volkswagen AG, driving to move beyond a scandal that has disrupted its global business and sullied its reputation, announced a sweeping U.S. deal on Thursday to buy back or potentially fix about a half million pollu…
Boeing mulls new 737 jet variant, airlines interested
(Reuters) – Boeing Co is studying whether to revise one version of its best-selling 737 aircraft in a bid to fend off competition, according to two people familiar with the matter.
GM earnings beat estimates on strength in North America
DETROIT (Reuters) – Demand for big trucks in North America and an improved performance in Europe propelled General Motors Co’s quarterly results well past investors’ expectations, and company executives on Thursday affirmed their bullish outlook for th…
Solar developer SunEdison in bankruptcy as aggressive growth plan unravels
(Reuters) – SunEdison Inc, once the fastest-growing U.S. renewable energy company, filed for Chapter 11 bankruptcy protection on Thursday after a short-lived but aggressive binge of debt-fueled acquisitions proved unsustainable.
