(Reuters) – Ride-hailing company Uber Technologies Inc unveiled terms for its initial public offering on Friday, telling investors it would seek to sell as much as $10.35 billion in stock at a valuation of up to $91.5 billion. In a regulatory filing, Uber set a target price range of $44-$50 per share for its IPO. […]
BONN (Reuters) – Bayer shareholders vented their anger over its stock price slump on Friday as litigation risks mount from the German drugmaker’s $63 billion takeover of seed maker Monsanto. Several large investors said they will not support aspirin investor Bayer’s management in a key vote scheduled for the end of its annual general meeting. […]
LONDON (Reuters) – The world’s biggest advertising company WPP suffered a sharp drop in first-quarter underlying sales in North America as the loss of work from clients such as Ford took a toll on its most important market. WPP, being led by company veteran Mark Read following last year’s departure of founder Martin Sorrell, said […]
TOKYO (Reuters) – Nintendo Co Ltd’s shares fell as much as 5 percent in early Tokyo trading, a day after the gaming company offered conservative earnings guidance and urged caution on the roll-out of its Switch console in China. Nintendo’s shares were down 2 percent at 1106 local time (0206 GMT), underperforming the benchmark index […]
(Reuters) – 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. Shares rose as much as 2% in after-hours trade on Thursday on the faster shipping announcement for […]
(Reuters) – Amazon.com Inc on Thursday trounced first-quarter profit estimates as demand for its cloud and ad services soared, but the company indicated that bigger spending was in store that might limit its windfall. Shares were up 1 percent in after-hours trade. Amazon’s first-quarter net income more than doubled to $3.56 billion, or $7.09 per […]
(Reuters) – Microsoft Corp’s market value vaulted above the $1 trillion mark for the first time in regular session trade on Thursday, pulling ahead of Apple Inc and making it the most valuable U.S. publicly traded company after quarterly earnings and revenue beat Wall Street expectations. The stock, which pared gains as the morning wore […]
(Reuters) – A capital raise for Tesla Inc will not come cheap and Chief Executive Officer Elon Musk must finally prove to investors that he can produce and deliver Model 3s and higher margin electric cars on time, Wall Street analysts said on Thursday. After unveiling a $700 million loss in the first quarter, Musk […]
(Reuters) – The tech-heavy Nasdaq index was on course to open at a record high on Thursday after strong results from Facebook and Microsoft, while a slump in shares of industrial conglomerate 3M weighed on Dow futures. 3M Co shares tumbled 8% in premarket trading after the company reported a lower-than-expected quarterly profit, cut its […]
When Sainsbury’s and Asda announced plans for their blockbuster merger just over a year ago, every analyst in the City warned they would have trouble getting the deal past the Competition & Markets Authority. Those warnings have proved prescient with the regulator’s decision today to block the deal. Mike Coupe, the Sainsbury’s chief executive and […]