International taxi service Uber recorded an adjusted loss of $ 2.8 billion in 2016 with revenue of $ 6.5 billion. The company, which shares do not circulate on the open market, published financial indicators for the first time without reporting data for the previous year. At the same time, Uber reported a 74% increase in revenue, up to $ 2.9 billion, in the fourth quarter compared to the previous...

According to The Daily Telegraph, the British Lloyds Banking Group intends to re-establish its European headquarters in Berlin after the UK withdraws from the EU. It is reported that Lloyds has prepared a request to the German financial regulator BaFin. The institution inquired about a possibility to change the status of its current unit in Berlin by September. According to the British media,...

The presumable purchase could cost Apple unbelievable $ 200 billion. If the deal does take place, it will completely reverse the future of Silicon Valley and Hollywood, and that's why. Is Apple going to buy Disney? Analysts are wondering whether this would happen, given that this would be a truly gigantic transaction worth hundreds of billions of dollars. Researchers at RBC Capital Markets...

Anglo-Australian Rio Tinto is close to quitting the steam coal business. The company received a permission from the Australian regulator for foreign investment to sell majority of its coal mines for $ 2.45 billion to a company controlled by Chinese Yanzhou Coal Mining, Bloomberg reports. The Foreign Investment Review Board (FIRB) approved the transaction, after which the world's second largest...

A continuing scandal involving the use of force made United Airlines air carrier promise to compensate the cost of tickets for all passengers who were on board of the flight. In addition, the airline promised to no longer allow the police to deport passengers from the aircraft, even in cases where there is an overbooking situation. Last Sunday, the police officers at the Chicago airport forcibly...

Japanese concern Toshiba announced a projected loss of 1.01 trillion yen ($ 9.2 billion) following the results of the financial year ending March 31, and expressed concern about the company's future. According to the company’s financial statements published after delays in the statistics’ publication, the company's net loss in April-December amounted to 532.5 billion yen ($ 4.8 billion). Toshiba...

German pharmaceutical company Stada Arzneimittel AG accepted an offer to purchase from consortium of private investment funds Bain Capital LLC and Cinven Group Ltd., according to MarketWatch. The deal will amount to more than $ 4 billion ($ 69.90, 66 euros per share) plus a dividend of € 0.72. The Board of Directors and the Control Commission agreed to accept the offer to buy a 100% stake in...

Technology giant Baidu owns a cartographic platform, the largest search engine in China, a popular video site iQiyi, and links these services to the vast ecosystem of Internet and cloud services. Leo Sun from Motley Fool invites to take a closer look at the company’s sources of revenue and assess the challenges the company is facing. In 2016, 91% of Baidu's revenue came from Internet marketing....

Falling sales and growing competition from online retailers are forcing US retailers to restructure their operations and close stores. Just two weeks after Sears chain of stores warned about possible shutdown, one of the largest American retail chains Payless ShoeSource filed for bankruptcy. On the same day, Ralph Lauren announced closure of its flagship store on Fifth Avenue and another round of...