- ACEFox Business•15 hours ago
Sears Holdings (NASDAQ:SHLD), which booked another loss in the second quarter, has received interest from a variety of companies eyeing the floundering retailer’s familiar appliance, tool and auto brands. The Illinois-based company has grappled with challenges at Sears and Kmart, two chains that struggling to turn things around in a tough environment for retailers. Sears is facing some broader issues.
- BusinessReuters•15 hours ago
The subsidies Uber grants its drivers was the main reason for the loss, finance head Gautam Gupta told investors in a quarterly conference call, Bloomberg said, citing sources. The company lost about $520 million in the first quarter of the year and another $750 million in the second quarter, Bloomberg said. Uber, which is now valued at roughly $69 billion, lost at least $2 billion in 2015, the report said.
- financeDaniel Roberts•14 hours ago
A FanDuel logo is displayed on a board inside of the DFS Players Conference. Daily fantasy sports platform FanDuel announced on August 1 a bold new feature that takes on the bigger, more entrenched “season-long” fantasy sports providers.