Business News

  • Uber lost at least $1.27 billion in first half of 2016: Bloomberg

    (Reuters) - Ride-hailing giant Uber Technologies Inc [UBER.UL] lost at least $1.27 billion before interest, taxes, depreciation and amortization in the first six months of 2016, Bloomberg reported on Thursday, citing people familiar with the matter. The subsidies Uber grants its drivers was the…

    Reuters
  • Sears' second quarter was absolutely disturbing

    Sears just delivered another horrific quarter.

    The Street
  • 5 Stocks With Rising Dividends for 50 Years in a Row

    These five dividend stocks have delivered at least 50 consecutive years of dividend hikes.

    Kiplinger.com
  • August U.S. auto sales seen down 5.2 percent; 2015 was peak: forecasters

    August U.S. auto sales will be 5.2 percent below a year ago, adding to evidence that the peak of industry sales was in 2015, consultancies J.D. Power and LMC Automotive said on Thursday. "With mixed economic signals, it certainly looks like U.S. auto sales may have peaked in 2015," said Jeff…

    Reuters
  • Shares of Teva Pharmaceuticals fall after US Patent Office invalidates two patents

    Shares of Teva Pharmaceuticals fell as much as 6 percent on Wednesday after the U.S. Patent Office invalidated two of the company's patents.

    CNBC.com
  • Play

    Oil falls on API inventory build

    CNBC's Jackie DeAngelis is at the NYMEX reporting the latest in crude oil prices, and what can impact gas inventories.

    CNBC Videos
  • World's longest airship crash-lands in England on test flight

    The world's longest aircraft, the Airlander 10 airship, has crash-landed after a test flight in Bedfordshire, central England, its British manufacturer Hybrid Air Vehicles said on Wednesday. The airship, which is bigger than the size of six double-decker buses, sustained damage on landing from its…

    Reuters
  • American Software posts 1Q profit

    The Atlanta-based company said it had net income of 6 cents per share. Earnings, adjusted for stock option expense and amortization costs, were 7 cents per share. The enterprise software provider posted ...

    Associated Press
  • 5 Dividend Stocks to Consider Selling Now

    Thinkstock With interest rates in the basement and likely to stay there for some time, investors have, for good reason, flocked to dividend-paying stocks. But demand has pushed up the prices of many popular ...

    Kiplinger
  • Regulators to dig deeper into worries over money-laundering checks

    Global regulators will try to get more insight into why major banks are withdrawing from handling cross-border payments, making it harder for people to send money to relatives and loved-ones abroad. Banks say it has become more costly to comply with tougher customer checks against money-laundering…

    Reuters
  • Vivendi keeps negotiating with Mediaset despite public spat: sources

    PARIS/MILAN (Reuters) - French media giant Vivendi and Italian broadcaster Mediaset are negotiating behind closed doors to forge an alternative partnership despite an ongoing war of words over a disputed pay-tv deal, three sources close to the matter told Reuters. Vivendi, led by billionaire…

    Reuters
  • French fashion designer Sonia Rykiel dies aged 86

    By Astrid Wendlandt PARIS (Reuters) - French fashion designer Sonia Rykiel died on Thursday at the age of 86, mourned by President Francois Hollande as an inventor of "an attitude, a way of life". Rykiel was a rare women at the top of a world dominated in the 1970s, 80s and early 90s by men such as…

    Reuters
  • Volkswagen to spend at least $1.2 billion to compensate U.S. dealers - sources

    Volkswagen AG (VOWG_p.DE) has agreed to spend more than $1.2 billion (909.85 million pounds) to compensate its 650 U.S. dealers for their losses from the German automaker's diesel emissions scandal, two sources briefed on the matter said on Thursday. The company and a lawyer for VW dealers…

    Reuters
  • Play

    Tesla investor on bond buy

    Joe Dennison, Zevenbergen Capital Investments Associate Portfolio Manager, discusses the SolarCity bond offering to Elon Musk and his cousins the Rive brothers. The "Fast Money" traders weigh in.

    CNBC Videos
  • Playtech to seek more deals; makes special payout

    The company said it would pay 46 euro cents per share as special dividend on Dec. 6, which would come from its cash pile that stood at 777.6 million euros as of June 30. Playtech, which provides software for sports betting and online casino and poker games, bought rival operator Best Gaming…

    Reuters
  • GameStop beats 2Q profit forecasts

    On a per-share basis, the Grapevine, Texas-based company said it had net income of 27 cents. The results exceeded Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment ...

    Associated Press
  • Jury: GM car's ignition switch not to blame in fatal crash

    A Texas jury on Thursday found that a General Motors Co. ignition switch was not to blame for a 2011 accident that killed one driver and injured another, handing the carmaker its third courtroom win this ...

    Associated Press
  • Corporate Profits Are Headed for a Big Bounce

    Energy prices still look shaky. This is corroborated by the fact the index of Leading Economic Indicators — of which S&P 500 forward earnings estimates are a component — was within 1.3 percent of its March 2006 record in July.

    The Fiscal Times