Category: Extra News

Uber’s Stock Offering Terms Temper Expectations

Uber Technologies Inc., the world’s largest ride-hailing company, plans an initial public offering that values the company lower than the startup’s insiders had hoped, between $80.5 billion and $91.5 billion.  The valuation, outlined in a regulatory filing Friday, is less than the $120 billion that investment bankers told Uber last year it could fetch, and …

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Uber’s Stock Offering Terms Temper Expectations

Uber Technologies Inc., the world’s largest ride-hailing company, plans an initial public offering that values the company lower than the startup’s insiders had hoped, between $80.5 billion and $91.5 billion.  The valuation, outlined in a regulatory filing Friday, is less than the $120 billion that investment bankers told Uber last year it could fetch, and …

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South Korean Economy Shrinks Unexpectedly in 1st Quarter

South Korea’s economy unexpectedly shrank in the first quarter, marking its worst performance since the global financial crisis, as government spending failed to keep up the previous quarter’s strong pace and as companies slashed investment.  The shock contraction reinforced financial market views that the central bank is likely to make …

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South Korean Economy Shrinks Unexpectedly in 1st Quarter

South Korea’s economy unexpectedly shrank in the first quarter, marking its worst performance since the global financial crisis, as government spending failed to keep up the previous quarter’s strong pace and as companies slashed investment.  The shock contraction reinforced financial market views that the central bank is likely to make …

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Boeing Reports Lower Profits Amid 737 MAX Crisis

Boeing reported lower first-quarter profits Wednesday as the global grounding of its 737 MAX plane following two crashes hit results. The US aerospace giant reported $2.1 billion in profits, down 13.2 percent from same period a year ago. Revenues dipped 2.0 percent to $22.9 billion, due to a tumble in …

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Boeing Reports Lower Profits Amid 737 MAX Crisis

Boeing reported lower first-quarter profits Wednesday as the global grounding of its 737 MAX plane following two crashes hit results. The US aerospace giant reported $2.1 billion in profits, down 13.2 percent from same period a year ago. Revenues dipped 2.0 percent to $22.9 billion, due to a tumble in …

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