Markets
Uber's Q3 Loss Widens To $743 Mln: FT Reports
Net revenue grew 21% to $2.01 billion in the third quarter from $1.66 billion. In Q3 Uber lost $1.46 billion, which is up significantly from its $1.06 billion loss in Q2. But losses, which had been narrowing in previous quarters, reversed course. Venture capital firms Benchmark, which owns 13% of Uber worth almost $9 billion, and Menlo Ventures , another large shareholder, have indicated that t... [Full Article...]
Arby's owner buys Buffalo Wild Wings for $2.4 billion
The firm's revenue was up.5% compared to the same quarter previous year. The company has a current ratio of 0.70, a quick ratio of 0.61 and a debt-to-equity ratio of 1.60. It wasn't immediately clear whether Marcato made money on its investment and abortive attempt to remake Buffalo Wild Wings . Buffalo Wild Wings shares climbed as much as 6.6 percent to $156 in NY trading Tuesday, its highes... [Full Article...]
Jet inks 'Enhanced Cooperation Agreement' with Air France-KLM
Revenue is shared among partners and it does not matter who has flown a passenger. Jet management ruled out equity infusion from AF-KLM into it, as of now. Presently Air France-KLM and Jet carry over 1.2 million customers between India and Europe, and by this agreement the target is to reach 1.7 million passengers by the end of 2018 thereby meet a 40% growth. [Full Article...]
Tap into opportunities due to IT explosion, President tells Bengal
During his civic reception in the city, Kovind said: "Bengal has certain advantages as a border state, but also certain responsibilities in guarding against forces of radicalism and extremism". Gurudeb ke pronam korte jabo. On November 29, he will visit the birthplace of Gurudev Rabindranath Tagore at Jorasanko and Netaji Bhawan in Kolkata . [Full Article...]
Record-breaking Cyber Monday sales total $6.59 billion
Cyber Monday (81 million) and Black Friday (66 million) were the biggest online days. For the rest of the holiday season, Adobe projects that 13 days will exceed $2 billion in online sales for a total of 18 days, or double last year's . [Full Article...]
Advanced Micro Devices (NASDAQ:AMD) Given "Buy" Rating at Jefferies Group
About 10.67M shares traded. LightPath Technologies, Inc. (LPTH) has risen 67.65% since November 27, 2016 and is uptrending. Investors sentiment decreased to 1.28 in Q2 2017. (NASDAQ: AMD ) are owned by insiders with -88.25% six-month change in the insider ownership. After $-0.46 actual EPS reported by Egalet Corp for the previous quarter, Wall Street now forecasts -17.39% EPS growth. [Full Article...]
Home prices rising at fastest rate in years: Case-Shiller
The 20-city index gained 6.2%, up from 5.8% the previous month. Today, resale prices aren't rising as fast as they did at the peak of those years, but Las Vegas Valley broker Scott Beaudry said it "still concerns" him to see the current high growth rate, given how badly it all ended last decade. [Full Article...]
Amalgamated Bank Boosts Position in Occidental Petroleum Corporation (OXY)
Middleton & Co Inc decreased Occidental Pete Corp Del (OXY) stake by 43.13% reported in 2017Q2 SEC filing. First Financial Bank - Trust Division sold 25,071 shares as the company's stock declined 8.50% while stock markets rallied. 1St Global Advsr, Texas-based fund reported 14,324 shares. Lmr Prtnrs Llp reported 20,744 shares. Analysts often look at short interest, or the number of shares now be... [Full Article...]