- BusinessReuters•4 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.
- BusinessFox Business•7 hours ago
Boomers are setting a new pace settling into their Golden Years. According to a new survey by Transamerica Center for Retirement Studies (TCRS), 66 percent of Boomer workers plan to, or are already working past age 65. “Today’s workers are grappling with retirement security and challenged by the wobbly three-legged stool comprising Social Security, employer-sponsored retirement benefits and personal savings,” said Catherine Collinson, president of TCRS.
- financeJP Mangalindan•3 hours ago
Box (BOX), the Redwood City, Calif.-based cloud-based file-sharing and collaboration business, is developing virtual reality applications that could help change the way people work. In a wide-ranging conversation with Yahoo Finance recently, chief executive Aaron Levie contended the cloud-based file-sharing