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Significant Revenue And Earnings Growth Reported By Uber But Also Reports Quarterly Loss

A massive 37 per cent growth in revenues was reported for the fourth quarter of 2019 by the United States based ride-hailing company Uber Technologies, Inc. even though it continued to post quarterly losses.   The company also reported a growth in net earnings during the quarter while also...

Brazil Federal Court Rules Uber Drivers Are Not Employees

In a sharp contrast to rulings by courts in Europe - specifically in the United Kingdom, about the status of drivers of the United States based ride haling company Uber, a higher court for labor in Brazil has ruled that the drivers were not employees of the company as it found no employment...

Annual Profit Estimates Raised By Toyota, Looking For Alternatives For Parts Sourced From China

Favorable currency rates and better-than-expected vehicle sales prodded Japanese car maker Toyota Motor Corp to raise its annual operating profit forecast by 4.2 per cent. The company however cautioned that the company was finding it difficult to gauge the complete impact of the spread of the new...

Intel Wants To Attract Tech Talent Israel By Investing In Smart Buildings

One of the top chip makers of the world Intel is investing heavily in "smart buildings" in Israel where incentives and perks will be galore for employees as the company hopes to attract the bets talent available in the country.   Announcement for building of a manufacturing unit in Israel...

Tesla’s Share Price Double In One Month And None Are None Sure Why

The shares of the United States based electric car maker Tesla has more than doubled in the just the last month and is now trading at almost $890 a share.   Many analysts say that this is a not a normal phenomenon for an established stock. In comparison to the rise of Tesla’s sticks, there...

Amazon’s Growing Delivery Capacity A Threat To Profits Of Carriers Like UPS And FedEx

Over the last six years, the one day shipping delivery mechanism for Amazon.com Inc has helped the company to create a transportation and delivery network that is able to deliver almost as many packages as that by FedEx Corp.   This one day shipment delivery helped Amazon to record a very...

IBM CEO Ginni Rometty To Hand Over Reign To Cloud Unit Head Arvind Krishna

The measures being taken by one of the oldest and largest teach giants of the world - International Business Machines Corp or IBM as is better known, to redefine and rejuvenate itself and find new ways of doing business will now see its long standing Chief Executive Officer Ginni Rometty to be...

Amazon’s AWS Business Drives A Massive Estimate Beat In Fourth Quarter

According to analysts, the American e-commerce giant Amazon is likely to make good forecasts for future quarters which will help stir its share prices up. The company recently announced very good fourth quarter results which beat analysts’ estimates by a fair distance.    One of the...

British Telecom Firm BT Expects $650m Hit Due To UK’s New Policy On Huawei

The decision of the United Kingdom to limit the role of the Chinese telecom giant Huawei to some non-core parts of its 5G network will hit it with an amount of £500 million (US$650 million) in the next five years, said the BT Group.   In order to determine the full impact on its plans, a...

Microsoft’s Q2 Earnings Boosted By Office, Surface, And Cloud Businesses

Revenues increases from licensing of Windows and Surface and Office products drove the total revenues of Microsoft up in their second quarter for 2020 with total revenue of $36.9 billion and net income of $11.6 billion. Earlier this week, the company ended its support for Windows 7.   The...

Aviation Growth And Low Spending Helps GE Beat Estimates Of Profit And Cash Flow

The profits and cash flow for the last three months of 2019 for General Electric Co beat analysts’ estimates with growth in its aviation business, the company announced. Despite this a moderate profit target was set by the company for 2020.    This was the fourth quarter in a row that...

Despite China Slowdown And Coronavirus Threat, Record Revenue And Profit Reported By Apple

Despite a slowdown in China – its largest market for iPhones outside of the United States, tech giant Apple reported its largest revenue ever and record quarterly profits for the last three months of 2019 driven by a surge in sale of iPhones.   This strong performance however comes amid...
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