Business

Ride-hailing company Uber is still on track to book more than $10 billion in revenue this year, although growth has slowed and its losses widened since the first quarter, according to the company’s self-reported financials. Uber told CNBC its Q2 net revenue was $2.7 billion, up 51 percent from the same quarter last year, and
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Larry French | Getty Images Guinness Open Gate Brewery & Barrel House, the first Guinness brewery in the U.S. in more than 60 years, held a ribbon cutting on August 2, 2018 in Halethorpe, Maryland. Opening to the public August 3, 2018 at 3pm EST.  U.S. fans of Guinness won’t have to travel to Dublin
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Saul Loeb | AFP | Getty Images Simpson Chung uses a virtual reality headset during the NVIDIA GPU Technology Conference, which showcases artificial intelligence, deep learning, virtual reality and autonomous machines, in Washington, DC.  Nvidia’s new graphics chips are finally here after a long two-year wait. On Monday the chipmaker unveiled its latest eighth-generation Turing
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Even if a user turned off their location history, information stored through those location markers could still paint a clear picture about their physical whereabouts over time. For example, clicking on that location marker opened up a Google Maps display that showed exactly where I was when I made that search query. While Google’s Location
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The trade war comes along at a particularly bad time for BMW. The automaker recently authorized a $1 billion expansion for its plant in Spartanburg, South Carolina, its largest manufacturing complex in the world. The move was intended to create about 1,100 new jobs with the addition of the all-new X7 model, BMW’s largest and
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A major Papa John’s franchisee group on Friday publicly urged the chain’s founder, John Schnatter, to move on from the company, as it continues to be rocked by the events following his use of the N-word on a conference call. Schnatter, who owns nearly 30 percent of the company, gave up his post as chairman
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Naspers is putting more money into LetGo, a mobile marketplace for used goods that competes with Craigslist, eBay, and Facebook Marketplace, along with start-ups like OfferUp. Naspers has committed to pour $500 million more into LetGo, with $150 million invested so far. LetGo was earlier backed by NEA, Insight Venture Partners, Accel and others. Novo
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Check out the companies making headlines before the bell: News Corp. – News Corp. reported adjusted quarterly profit of 8 cents per share, two cents above estimates. The Wall Street Journal publisher also saw revenue top forecasts, thanks to growth in real estate listings, book publishing, and subscription video services. Tesla – Tesla’s board of
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Arch Coal, Inc.: “Coal is enjoying a bit of a renaissance, I have to admit. I am not a fan of the coal stocks, but these guys have fixed their balance sheet. I just don’t want to overstate because even utilities in this country aren’t that interested in it, so I say don’t buy.” Visteon
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Albertsons Cos last night called off its merger with Rite Aid that would have provided its private equity owners, Cerberus Capital Management, a long-awaited means to unload its more than decade-old grocery investment. The scuttled deal is just the latest in a string of disappointments for Cerberus, which has unsuccessfully tried to shed Albertsons multiple
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Check out the companies making headlines before the bell: Viacom – The media company reported adjusted quarterly profit of $1.18 per share, 11 cents a share above estimates. Revenue was essentially in line with forecasts, but was down about 3.7 percent from a year earlier due to a drop in ad sales and cable fees.
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