Lyft now expects to be valued at between $20 billion and $25 billion in its IPO, the sources said, adding that the roadshow is expected to last for about two weeks. The sources cautioned that the plans were still subject to change and market conditions.
HSBC Holdings Turned In A Disappointing Annual Profit. Shares Dip After Lender Says Cost Growth Outstripped Revenue At The End Of 2018
HSBC Holdings turned in a disappointing annual profit as higher costs and a stocks rout chipped away at its trading businesses, while warning that an economic slowdown in China and Britain would throw up further hurdles this year.
Uber is aiming for an IPO that could value it at as much as $120 billion. Chief Executive Dara Khosrowshahi has worked to shore up the company’s balance sheet by selling unprofitable units and completing fundraising including investments from SoftBank Group Corp. and Toyota Motor Corp. , and a large debt sale.
Farmers are waiting for more clarity on trade deals before buying equipment. The company said Friday that initial orders of tractors, combine harvesters and other equipment were weak, contributing to the lower-than-expected quarterly profits.
Levi Strauss & Co. Wednesday Filed Paperwork For An Initial Public Offering Of Shares And It Hopes To Raise More Than $600 Million
In its IPO filing, Levi said it was looking to make acquisitions that would “drive further brand and category diversification.” The company still gets the majority of its sales from its Levi’s jeans and Dockers khakis.
The world’s largest airliner, with two decks of spacious cabins and room for 544 people in standard layout, was designed to challenge Boeing’s legendary 747 but failed to take hold as airlines backed a new generation of smaller, more nimble jets.
The job cuts underscore the tough environment videogame makers face as players increasingly sink their time and money into only a handful of games they can play in perpetuity—the current king being “Fortnite.”
Shares Of Electronic Arts Inc Jumped 8 Percent After The Videogame Maker Said 25 Million Players Signed Up For Its New Battle Royal Game “Apex Legends”
EA disclosed the new number on Monday on Twitter. “Apex Legends” signed up 10 million players within three days of its launch, EA said last week, a milestone that Fortnite had taken two weeks to reach.
Walmart spokeswoman Molly Blakeman told Reuters the retailer and Deliv mutually decided to end the partnership. “As with any pilot, the intent is to learn. And we ultimately came to the conclusion with Deliv that while their platform is a good delivery option, it was not the best fit for our program at this time.”
Morgan Stanley Will Pay $900 Million To Acquire Solium Capital Inc. The Deal Is The Bank’s Largest Acquisition Since The Financial Crisis
Solium’s 3,000 corporate clients employ 1 million workers and include startups such as Stripe Inc. and Instacart Inc., whose employees tend to be younger and have fewer relationships with traditional financial firms. Morgan Stanley said the acquisition wouldn’t have a meaningful impact on its 2019 earnings or reduce its planned stock buybacks.
Apple reported 19.9 per cent decline in shipments in China in the fourth quarter, but climbed one place to No. 4 in smartphone shipments after Xiaomi did even worse, tumbling 34.9 per cent during the same period.
Amazon executives are deliberating whether to delay some of the initial phase of investments to get the project started, according to one of the people familiar with the discussions. The internal talks haven’t progressed to deciding whether to relocate future jobs or the campus.
Hasbro executives said they were hit harder by Toys “R” Us’s liquidation because the company’s brands such as Nerf were strongly supported by the retailer, compared with brands that were rebuilding after years of declining sales.
Twitter said its number of monthly users, the metric it has released for years, fell 1.5% to 321 million from three months ago. Twitter has struggled for years with little to no momentum in building up its user base. It plans to stop disclosing monthly users after the current quarter.