Finance

Finance Uber continues to grow, as bookings increase, despite ongoing turmoil
Author: 0 Uber continues to grow, as bookings increase, despite ongoing turmoil

Uber also managed to report a narrower loss for the past quarter than the previous period. Uber lost an average of $9,000 per vehicle, vs. the $500 per auto that it originally predicted. As a private company, Uber is not required to publicly disclose its finances, but it started the practice earlier this year as it eyes an initial public offering in the near future.

Finance Oil prices slip as U.S. crude output rises to highest since 2015
Author: 0 Oil prices slip as U.S. crude output rises to highest since 2015

Currently, the US Energy Information Administration ( EIA ) believes that total US crude production will rise to 9.35 million barrels per day (mb/d) this year before lifting to 9.91mb/d in 2018. Despite this, USA crude stocks fell last week and gasoline stocks were down as well, the Energy Information Administration said on Wednesday . Elsewhere, Brent oil for October delivery on the ICE Futures Exchange in London dipped 8 cents to $52.49 a barrel.

Finance State Dept. Confirms 16 Embassy Workers in Cuba Were Sickened
Author: 0 State Dept. Confirms 16 Embassy Workers in Cuba Were Sickened

Some of the 16 are still in Cuba , while others have returned to the U.S. The alleged "sonic attack", which several USA and Canadian diplomats suffered several months ago, could have caused brain damage , according to a CBS News broadcast on Wednesday, which stated it had access to medical reports on the case.

Finance Amazon Just Announced It Is Slashing Prices at Whole Foods
Author: 0 Amazon Just Announced It Is Slashing Prices at Whole Foods

Amazon will gain access to the $800 billion grocery industry with Whole Foods , which has 460 stores and a fresh-food distribution network. Amazon.com Inc ( AMZN .O) said on Thursday it will cut prices on a range of popular goods as it completes its acquisition of Whole Foods Market Inc ( WFM .O), sending shares of rival grocers tumbling over fears of even more brutal market share battles.

Finance Apple Commits $1.3B for Iowa Data Center
Author: 0 Apple Commits $1.3B for Iowa Data Center

Apple CEO Tim Cook , second from left, and Iowa Gov. Kim Reynolds, third from left, walk to a podium in front of the Capitol building, background, in Des Moines, Iowa, Thursday, Aug. "This puts Iowa on the world stage". The bulk of the subsidy is a planned $188.2 million property tax abatement of 71% over 20 years provided by the city of Waukee, according to economic development officials.

Finance KFC wants to grill its cooks in a virtual escape kitchen
Author: 0 KFC wants to grill its cooks in a virtual escape kitchen

So before you check your calendar, no it's not April 1st and this is real: KFC have made a virtual reality game to help train their new employees in the fine art of cooking delicious chicken. "The escape room concept builds on the pure training and utility of the experience into something that's also entertaining and connected to KFC's iconic founder".

Finance Sears Is Closing Another 28 Kmart Stores As Sales Tumble Again
Author: 0 Sears Is Closing Another 28 Kmart Stores As Sales Tumble Again

Sears Holdings Corp ( NASDAQ:SHLD ) advanced more than 6% in Thursday's early dealing, after it released better-than-expected quarterly financials. The company blames lack of store traffic and elevated price competition. Sears' deteriorating financial conditions forced the retailer earlier this year to disclose in a filing with the Securities and Exchange Commission that there was "substantial doubt" about its ability to "continue as a going concern".

Finance Cabinet nod for 'alternative' mechanism to Public-sector banks mergers
Author: 0 Cabinet nod for 'alternative' mechanism to Public-sector banks mergers

The decision regarding creating strong and competitive banks would be exclusively based on commercial considerations and the proposal must start from the respective boards of the banks, a finance ministry release stated. Riding on the success of the just-concluded merger between State Bank of India and its five associates along with the fledgling Bharti Mahila Bank, the government believes that bigger banks would be the answer to for cleaner balance sheets.

Finance Dixons Carphone warns of profit tumble as phones get more expensive
Author: 0 Dixons Carphone warns of profit tumble as phones get more expensive

Britain's top share index rose on Thursday as shares in Provident Financial and WPP regained some lost ground, but a profit warning sent Dixons Carphone tumbling. The company also went ex-dividend, which contributed to the fall. It now sees earnings in a range of between £360m and £440m, down from £501m for the year to the end of April 2017 - below analysts' forecasts of £460m to £485m.

Finance US Navy: Remains found by M'sia not of USS McCain sailor
Author: 0 US Navy: Remains found by M'sia not of USS McCain sailor

The Royal Malaysian Navy has located one body at sea, and officials are working to determine whether it is one of the missing sailors, he said. In June, seven sailors died when the USS Fitzgerald and a container ship collided in waters off Japan.

Finance Champions League: Defeat in Astana is 'wake-up call' - James Forrest
Author: 0 Champions League: Defeat in Astana is 'wake-up call' - James Forrest

The Scottish champions will now be entered into Thursday's draw, where they will discover their group-stage opposition. Olympiakos advanced to the group stages after claiming a 1-0 in the second leg to win the 3-1 on aggregate. "Captain Brown added: "[We were] not so good coming over here, 4-3 was an exciting game for the neutral but not so much for us. "It is brilliant for the club and for Glasgow ".

Finance Nandan Nilekani may return as Infosys CEO, shares jump 3%
Author: 0 Nandan Nilekani may return as Infosys CEO, shares jump 3%

Meanwhile, the buzz of Nandan Nilekani's return to Infosys led to the company's shares rise as much as 3%. Balakrishnan's comments come at a time when the clamour to bring back Nilekani, one of the most high-profile founders of the IT firm, seems to be growing in various quarters.

Finance Nandan's return to Infosys will steady the ship: V Balakrishnan
Author: 0 Nandan's return to Infosys will steady the ship: V Balakrishnan

This is the second major pitch for Nilekani after an investor advisory firm IiAS said the co-founder, who had served as CEO between March 2002 to April 2007 and later went on to head the UIDAI, should be brought back on to the Infosys board as its non-executive chairman.

Finance Railway Minister Suresh Prabhu ready to resign, PM holds
Author: 0 Railway Minister Suresh Prabhu ready to resign, PM holds

The Congress had asked the railway minister to take moral responsibility for the train mishaps and resign. Superintendent of Police, Auraiya, Sanjay Tyagi said 10 bogies of the train derailed of which one overturned, leaving almost 100 passengers wounded.

Finance How Analysts Feel About Dunelm Group plc (LON:DNLM)?
Author: 0 How Analysts Feel About Dunelm Group plc (LON:DNLM)?

Ultra Clean Holdings Inc (NASDAQ:UCTT) has risen 320.86% since August 23, 2016 and is uptrending. AlphaValue maintained it with "Buy" rating and GBX 6256 target in Thursday, July 23 report. Honeywell International Inc. had 61 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has "Hold" rating by Liberum Capital on Tuesday, July 5.

Finance Uber narrows loss to US$645 mil, boosts revenue amid turmoil
Author: 0 Uber narrows loss to US$645 mil, boosts revenue amid turmoil

Uber's business continues to grow as it licks its wounds from a tumultuous beginning to 2017. Uber said its net loss was $645 million, down from $708 million in the first quarter and $991 million in the fourth quarter of past year . Adjusted net revenue ticked up to $1.75 billion from $1.5 billion in the first quarter, Uber said. That number excludes China, which the company exited a year ago, merging its operation there with that of Didi Chuxing .

Finance Laverne Cox and Beyoncé Are Reportedly Working Together On a Secret Project
Author: 0 Laverne Cox and Beyoncé Are Reportedly Working Together On a Secret Project

She said at the time: 'I am in awe of of the majestic that is the queen I forgot to hold in my stomach and give you face. Laverne Cox has just confirmed the Beyoncé collaboration of your wildest dreams. Cox also said that Bey reached out to her for the collab, and she's still not sure how it happened, but it had to do with a meeting that took place at the Grammy Awards.

Finance Keeping buses safe for students
Author: 0 Keeping buses safe for students

Parents will be able to see the location of their child's bus both before and after school as well as confirm that their child's bus has arrived at the bus stop, at school or both. Holidays are nearly over, yellow school buses are back on the road, and the kids are walking, cycling or being dropped off at school. Don't block the crosswalk: When stopped at a red light or waiting to make a turn, do not block the crosswalk.