Uber’s $69 billion valuation and large quarterly losses will make for a difficult initial public offering, John Divine argues. The company is valued at about 17.9 times sales, and it would presumably seek an even […]
The South Korean government is looking to stay in “expansionary” mode next year with a budget of 400.7 trillion won that’s up 1.4% from this year’s budget, including the supplemental allocation for the second half. […]
Alphabet subsidiary Nest Labs is undergoing yet another restructuring, becoming part of Google’s (GOOG, GOOGL) internet-of-things team, in a unified division headed by Hiroshi Lockheimer, Fortune reports. The combined group also will continue to work […]
Airbus delivered more aircraft in August than for the same period in any previous year, a feat that would improve its chances of meeting 2016 targets after earlier delays in receiving parts. The company’s previous […]
Real estate investment trusts will be broken out into a group in the Standard & Poor’s 500 index under the Global Industry Classification Standard. The change allows a better gauge of sector performance and is […]
Brexit’s impact and upcoming elections are undermining the EU’s chances for a trans-Atlantic trade deal with the US, so France is urging that negotiations be halted. Matthias Fekl, France’s trade minister, said he would make […]
The European Commission says that Ireland’s reduction of Apple tax violates EU law and that Apple must pay €13 billion in back tax plus interest. Apple received preferential treatment that gave it an unfair advantage […]
Twitter has announced that it will share 70% of ad revenue with users who upload videos. The move is part of the company’s increased efforts to lure top video talent to its platform and compete […]
Mobile ad spending is set to expand globally at a 14.6% compound annual growth rate through 2020, according to RNR Market Research. Leading the way will be search, display and SMS, RNR predicts, while major […]
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