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Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%

Uber Technologies Inc reported a $1 billion loss and a 20% rise in revenue on Thursday in its first quarterly report as a public company, in line with the ride-hailing service's forecasts.



5 years ago

Dell revenue rises 3% as Windows refresh spurs PC demand

Dell Technologies Inc reported a 3% rise in first-quarter revenue on Thursday, as more customers upgraded their systems ahead of Microsoft's planned phase out of Windows 7 and strong performance in its VMware Inc unit.



5 years ago

Equities advance after week-long selloff, bond yields steady

World stock markets climbed for the first time this week on Thursday, giving pause to a multiday selloff on fears of an escalating trade war between the United States and China that has pushed investors into safe-haven bonds and the U.S. dollar.



5 years ago

NBCUniversal latest U.S. media company reconsidering Georgia business over abortion law

NBCUniversal and WarnerMedia on Thursday joined a wave of U.S. media companies, including Walt Disney Co, saying they will reconsider working in Georgia if a new law banning abortions after a fetal heartbeat can be detected takes effect.



5 years ago

NBCUniversal says abortion laws would 'strongly impact' decision on where it films

Comcast Corp's NBCUniversal said if anti-abortion laws in various U.S. states are upheld, it would "strongly impact" where it produces films and television shows in the future.



5 years ago

GE's CEO 'stunned' that factory efficiency drive only just started

General Electric Co's chief executive said on Thursday he was "really stunned" to learn that a major factory had only recently started using lean manufacturing techniques.



5 years ago

Oil falls to two-mth lows on small U.S. crude stock draw, trade war worries

Oil prices fell almost 4% to their lowest in over two months on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war.



5 years ago

Juul considers opening retail stores in United States: source

Juul Labs Inc is considering opening retail stores in the United States, a source familiar with the matter said on Thursday, a move that would help the controversial company cash in on the booming popularity of its e-cigarettes.



5 years ago

T-Mobile, Sprint considering divesting wireless spectrum: sources

U.S. wireless carriers T-Mobile US Inc and Sprint Corp are considering divesting wireless spectrum, according to two sources familiar with the matter, as the companies work to gain regulatory approval for their merger.



5 years ago

Exclusive: Amazon interested in buying Boost from T-Mobile, Sprint - sources

Amazon.com Inc is interested in buying prepaid cellphone wireless service Boost Mobile from U.S. carriers T-Mobile US Inc and Sprint Corp, according to two sources familiar with the matter.



5 years ago

Dell planning for potential fourth round of U.S. tariffs

Dell Technologies Inc Chief Financial Officer Thomas Sweet said on Thursday that the computer maker has been planning for a potential fourth round of U.S. tariffs on Chinese goods that could impact notebooks and monitors.



5 years ago

Uber loses $1 billion in quarter as costs grow for drivers, food delivery

Uber Technologies Inc reported a $1 billion loss on Thursday as the ride-hailing service spends heavily to build up its food delivery and freight businesses, sending revenues up 20% in its first quarterly report as a public company.



5 years ago

Gap cuts profit forecast after 'extremely challenging' quarter; shares slump 11%

Gap Inc cut its 2019 profit forecast and posted the biggest drop in same-store sales in at least three years at its Gap brand, underscoring its struggles to compete with fast-fashion retailers in the face of changing customer preferences.



5 years ago

Dell revenue misses as China softness hits server business

Dell Technologies Inc reported lower-than-expected revenue in the first quarter as its server business declined for the first time in 10 quarters amid economic conditions weighing on demand in China.



5 years ago

Major Hollywood studios may reconsider Georgia business over abortion law

The producer of the hit television series "The Walking Dead" and other major Hollywood film and TV studios said on Thursday they would reconsider locating productions in Georgia if a new state law restricting abortions takes effect.



5 years ago