GOLDMAN Sachs is eyeing sunnier shores abroad. It just cut the ribbon at a new US$250 million office in Bengaluru, which has room to grow headcount by almost 50 per cent, to 7,300. After supplying US President Donald Trump with a coterie of close advisers, the Wall...
HIS self-described fintech company is being liquidated, but Six Capital Investments boss Patrick Teng Chee Wai has already moved on and now fronts a new company called Clover Gold, which sells virtual currency online.
SAN FRANCISCO: Uber Technologies Inc reported a US$1 billion loss and a 20 per cent rise in revenue on Thursday (May 30) in its first quarterly report as a public company, in line with the ride-hailing service's forecasts. Revenue of US$3.1 billion matched the high end of the range Uber...
Gap Inc cut its full-year earnings forecast on Thursday, after the apparel maker reported a decline in first-quarter sales across its major brands.
NEW YORK: Wall Street stocks eked out modest gains on Thursday (May 30) after two straight declines, even as petroleum-linked shares tumbled with oil prices. Analysts said shares had been oversold during a weak May due to rising trade tensions and a drop in US Treasury bond yields that is...
Dell Technologies Inc reported a 3per cent rise in first-quarter revenue on Thursday, as more customers upgraded their systems ahead of Microsoft's planned phase out of Windows 7 and strong performance in its VMware Inc unit.
General Electric Co affirmed on Thursday that it expects negative free cash flow in the second quarter, and said its power unit plans to cut costs by about 20per cent over the next two years as it tries to become leaner.
Juul Labs Inc is considering opening retail stores in the United States, a source familiar with the matter said on Thursday, a move that would help the controversial company cash in on the booming popularity of its e-cigarettes.
U.S. wireless carriers T-Mobile US Inc and Sprint Corp are considering divesting wireless spectrum, according to two sources familiar with the matter, as the companies work to gain regulatory approval for their merger.
Canadian telecom provider Rogers Communications Inc's vice chairman, Philip Lind, said on Thursday that Huawei Technologies Co should be banned from Canada's 5G network, Bloomberg reported.
