Business
Japanese giant SoftBank Group said Wednesday it suffered an operating loss of $6.4 billion in the second quarter, the worst in its history, as it took a hit from investments in start-ups including WeWork and Uber.
Nov 06, 2019
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7
Consumer & Gadgets
Google is buying Fitbit for about $2.1 billion, enabling the internet company to step back into the hotly contested market for smartwatches and health trackers.
Nov 01, 2019
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18
Business
The head of Uber said Tuesday that the global ride services firm was counting on India, Africa and the Middle East for future growth amid investor fears about mounting losses and a slump in its share price.
Oct 22, 2019
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5
Business
Shares of Netflix are opening in negative territory for the year—the first time that's happened since 2016—as major media players step into the stream to fight for subscribers.
Sep 24, 2019
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0
Other
Federal safety officials are recruiting pilots from airlines around the world to test changes that Boeing is making to the flight-control software on the grounded 737 Max jet, according to two people briefed on the situation.
Aug 23, 2019
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3
Business
Chinese internet giant Baidu regained momentum during the second quarter, posting better-than-expected revenue on Tuesday thanks to strong traffic growth, though it also announced a huge drop in net profit.
Aug 20, 2019
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2
Business
Chinese internet giant Tencent said Wednesday its net profit jumped 35 percent in the second quarter, as the company continued to wriggle out of Beijing's crackdown on online gaming and build mobile game growth.
Aug 14, 2019
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0
Business
Lyft continued to bleed money in its second quarter but says it expects to stem some of those losses, raising its outlook for 2019.
Aug 08, 2019
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0
Automotive
Luxury sports carmaker Ferrari beat analyst expectations on Friday as sales and profits accelerated in the second quarter despite the global auto market hitting the brakes.
Aug 02, 2019
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0
Business
Canadian plane and train maker Bombardier on Thursday announced major losses in the second quarter due to delays in fulfilling several of its rail contracts, and revised down its earnings forecast for the year.
Aug 01, 2019
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0
Business
Verizon's net income fell in the second quarter but a key earnings measure topped analyst expectations as the country's largest cellphone company added more wireless customers.
Aug 01, 2019
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2
Automotive
German high-end carmaker BMW on Thursday reported slumping second quarter profits, with pricey investment in electric cars sapping the bottom line, but it remained confident of hitting its financial targets.
Aug 01, 2019
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2
Business
Air France-KLM reported a solid increase in profits Wednesday as more people flew on its network, but growth was held back by higher fuel prices that will put more pressure on the group to find ways to hold down costs.
Jul 31, 2019
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2
Business
Profits at Air Canada beat expectations in the second quarter thanks to higher travel volumes and rising business class income, the airline said Tuesday.
Jul 30, 2019
0
0
Business
European airline giant Lufthansa on Tuesday reported tumbling net profits in the second quarter, saying higher operating costs and a European short-haul price war ate into the bottom line.
Jul 30, 2019
0
8
