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Oil Slides to 12-Week Low on Small Decline in US Inventories ... • Oil prices fell to their lowest since March after data showed a very slight decline in U.S. oil inventories that remain near a 22-month high. • West Texas Intermediate futures, the U.S. oil benchmark, ended 3.8% lower at $56.59 a barrel on the New York ...
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Uber's First Earnings Report After IPO: $1 Billion Loss SAN FRANCISCO — Uber's start as a publicly traded company has gone from bumpy to bumpier. In its first earnings report since listing its shares on the stock market earlier this month, the ride-hailing giant on Thursday reported its slowest growth in years and ...
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Gap shares tank 11% on earnings miss, CEO calls quarter 'extremely challenging' Gap Inc. shares tanked Thursday after the apparel retailer reported quarterly earnings and sales short of Wall Street estimates, and slashed its full-year profit outlook. The apparel retailer's shares cratered more than 10% in after-hours trading, having closed ...
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US consumer spending hasn't changed much in 30 years, with one exception Conventional wisdom holds that American consumers have changed a lot in the past 30 years. Just look at millennials and the many things they've killed. But that conventional wisdom is basically wrong, says the large consulting, auditing, and ...
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HSBC Plans Hundreds of Investment Bank Job Cuts in Cost Push HSBC Holdings Plc is considering eliminating hundreds of investment banking jobs as Chief Executive Officer John Flint pressures the lender's top managers to cut costs, according to people familiar with the plan. At least 500 jobs could go within global ...
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Eike Batista lost $35 billion in one year. He's got some advice for Elon Musk Walking down a busy street in Rio de Janeiro one recent afternoon, we bumped into the Brazilian who is best known for losing $35 billion in a single year. After initially trying to deflect questions, he grudgingly invited us along for a lunch that lasted two hours.
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Dell Sales Miss Projections on Server Weakness; Shares Fall Dell Technologies Inc. shares dipped after reporting sales that fell short of Wall Street estimates, with weaker demand for the company's servers overshadowing profit that beat projections. Revenue in the fiscal first quarter gained 2.6% to $21.9 billion from ...
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Zuckerberg dodges shareholder's question about whether he'd give up his power at Facebook Mark Zuckerberg on Thursday dodged shareholder questions about his willingness to step down as Facebook CEO or chairman. "A lot of the conversation, the comments and the proposals this morning have been about power, voting power, holding the chair ...
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GE's CEO 'stunned' that factory efficiency drive only just started NEW YORK (Reuters) - 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. "It put me back a little bit to go to our Greenville, South Carolina, ...
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It's not just the holidays. FedEx expands delivery to 7 days a week FedEx Ground already delivers packages seven days a week during the peak holiday shopping season. Starting in January, the delivery company will be keeping up that pace all year long as the Moon-based FedEx Corp. subsidiary responds to continued ...
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Rally's/Checkers reports customers' credit card information may have been compromised by data breach Rally's and Checkers restaurants reported Wednesday that it had discovered malware in its payment system, raising security concerns for customers at dozens of their restaurants in 20 states. According to a press release, the chain discovered the software on ...
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2021 Chevrolet Trailblazer Doesn't Really Blaze a Trail Don't call it déjà vu: Chevrolet has revived another nameplate that used to belong to a truck-based SUV as a car-based crossover ... with a name ending in "lazer." First the Blazer came back not as a tough, go-anywhere tank but as "the Camaro" of midsize ...
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Uber Riders With Low Ratings From Drivers Will Now Lose Their Uber Accounts. Is Lyft Next? Obnoxious Behavior Will Now Get You Banned From Uber. Can Lyft Be Far Behind? Have you ever asked an Uber driver to go faster than the speed limit because you were in a hurry? Eaten strong-smelling food during a ride? Put your feet up on the ...
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Jaguar XJ will end production in July, electric successor possible in 2020 There are worse ways to sail off into the sunset. Nate Reed/Roadshow. The Jaguar XJ is a solid, comfortable cruiser. But about a decade after its unveiling it's apparently time for Jaguar to chart a new course for its flagship sedan. Jaguar will discontinue ...
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Flipkart's Sachin Bansal joins Ujjivan Small Finance Bank as director KOLKATA: Ujjivan Small Finance Bank, which is chasing a plan to upgrade itself into a state-of-the-art mass market bank, has appointed Flipkart founder Sachin Bansal as its independent director. This is the second big futuristic move by Ujjivan management ...
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Belvidere native Jeanne Gang leads team for O'Hare expansion design CHICAGO (AP) -- The city of Chicago has signed a contract with a team of architects led by award-winner Jeanne Gang, a Belvidere native, to design the expansion of O'Hare International Airport. The city said Thursday that Gang and members of her team ...
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As craft beer market grows, so do wild flavors Anyone for steak and onion Kolsch? Or a macaroni and cheese pale ale? Those were among the flavors this month at the Strange Brew Festival in Reno, Nevada, where competition for attention has intensified as craft beers have boomed. Brewers have ...
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Red Bike adds electric-assist bikes to its Cincinnati fleet COLUMBIA TUSCULUM, Ohio (WKRC) - Bike riders will have an easier time zipping around the Queen City now that Red Bike has introduced a fleet of 100 new electric-assist bikes. "This is a special bike," Red Bike executive director Jason Barron said.
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India's Modi just won reelection in a landslide. Here's what he could do next. NEW DELHI — Under the shadow of majestic sandstone columns and in front of more than 8,000 guests, Narendra Modi was sworn in Thursday for a second term as prime minister of the world's largest democracy. Modi won a landslide victory in last week's ...
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