Uber’s Q3 loss reportedly tops $800M
Uber lost more than $800 million in the third quarter and more than $2.2 billion during the first nine months of the year, a source told Bloomberg. Fares paid by riders totaled $5.4 billion last […]
Q3
Sales of small businesses strong in Q3
The number of small businesses that changed hands in the third quarter rose 15% from the year before, indicating the transaction market is still healthy, according to BizBuySell. “Barring any major surprises, 2016 is on […]
Total household wealth reached $90.2T in Q3
Total household wealth reached $90.2 trillion in the third quarter, a 1.8% increase, according to the Federal Reserve. The gain was driven by real estate values, which increased $554 billion, and stock and mutual fund […]
Japan sharply downgrades Q3 GDP growth
Japan cut its third-quarter GDP expansion to 1.3% from a preliminary estimate of 2.2%. The Cabinet Office said capital investment took a big drop as businesses drew down inventories, rather than buy products. Reuters (08 […]
HSBC reports $843M in Q3 pretax profit
HSBC Holdings reported $843 million in pretax profit for the third quarter, an 86% drop from the same period the previous year. The sale of the bank’s Brazilian operation resulted in a $1.7 billion loss […]
Amazon missed EPS expectation by $0.26 while sales grew by 28.9%
Amazon (NASDAQ:AMZN) reported earnings of 52 cents per share, missing expectations of 78 cents per share, on revenues of $32.7 billion. While the 28.9% sales growth is impressive, it only came in-line with analysts’ expectations. […]
Alphabet (GOOG) Q3 2016 Results
Ruth Porat – CFO Alphabet, Inc. Our revenue of $22.5 billion in the third quarter underscores the terrific performance of our businesses globally. For the quarter, our consolidated revenue grew 23% in constant currency versus […]
Bombardier plans to deepen its job-cuts program
Canadian aerospace and train manufacturer Bombardier (OTCQX:BDRAF, OTCQX:BDRBF) plans to deepen its job-cuts program, saying it will axe 7,500 positions, or 10% of its global workforce, over the next two years as it doubles down […]
Ericsson’s shares were -4.7% premarket after reported a Q3 net loss of $26M
Ericsson’s shares were -4.7% premarket after the telecom-network provider reported a Q3 net loss of 233M kronor ($26M), more than double estimates of 112M kronor. Last year the company made a profit of 3.1B kronor. […]
Daimler’s Q3 net profit climbed 8.8% to €2.595B
Daimler’s Q3 net profit climbed 8.8% to €2.595B, boosted by strong sales of the German car company’s new Mercedes-Benz E-class models and sport-utility vehicles. Daimler’s (OTCPK:DDAIF) revenues grew 4% to €38.6B, pretty much as expected, […]