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Uber to kick off investor road show with IPO terms on Friday

4 hours ago DieselGasoil Comments Off on Uber to kick off investor road show with IPO terms on Friday
(Reuters) – Ride-hailing company Uber Technologies Inc will unveil terms for its initial public offering on Friday, telling investors it will seek to be valued at between $80 billion and $90 billion, according to people familiar with the matter. The valuation sought is less than the $120 billion valuation that investment bankers told Uber last Read More

Intel cuts forecast as China data center sales remain weak

5 hours ago DieselGasoil Comments Off on Intel cuts forecast as China data center sales remain weak
(Reuters) – Chipmaker Intel Corp on Thursday cut its full-year revenue forecast and missed analysts’ estimates for first-quarter sales for its higher-margin data center business, sending its shares down as much as 7.5%. FILE PHOTO: The Intel logo is shown at E3, the world’s largest video game industry convention in Los Angeles, California, U.S. June Read More

Amazon raises spending to accelerate Prime delivery speed to one day

5 hours ago DieselGasoil Comments Off on Amazon raises spending to accelerate Prime delivery speed to one day
(Reuters) – Amazon.com Inc on Thursday trounced first-quarter profit estimates as demand for its cloud and ad services soared, but the company indicated that bigger spending was in store as it worked to turn its loyalty club Prime into a one-day shipping program. FILE PHOTO: The logo of Amazon is seen at the company logistics Read More

After years serving CEOs, Goldman’s Ayco also wants other workers

9 hours ago DieselGasoil Comments Off on After years serving CEOs, Goldman’s Ayco also wants other workers
NEW YORK (Reuters) – Goldman Sachs Group Inc is expanding a financial advisory service for top executives to target millions of other affluent employees at some of the biggest U.S. companies, as it seeks to build its retail and wealth management businesses. FILE PHOTO: The logo of Dow Jones Industrial Average stock market index listed Read More

UK slams Saudi beheadings, but arms sales for Riyadh’s Yemen war still go on

10 hours ago DieselGasoil Comments Off on UK slams Saudi beheadings, but arms sales for Riyadh’s Yemen war still go on
Saudi Arabia’s mass executions are “utterly unacceptable” and “repulsive” for the UK, but it less concerned when it comes to the ongoing arms sales to Riyadh, which continues its military campaign in the impoverished Yemen. Joining the outrage from the UN, the Foreign Office Minister Alan Duncan has issued a strong condemnation of the Saudi Read More

Canadian privacy watchdog blasts Facebook for ‘abdicating responsibility’ for user data

10 hours ago DieselGasoil Comments Off on Canadian privacy watchdog blasts Facebook for ‘abdicating responsibility’ for user data
Canada’s privacy watchdog has decried Facebook’s attitude to a yearlong probe into abuse of user data as “extremely concerning.” The tech giant was found to have egregiously violated Canadian privacy laws. The probe was launched in the wake of the Cambridge Analytica data scandal in which the political consultancy group purchased user information obtained via Read More

US coalition killed 1,600 civilians in Raqqa offensive – Amnesty International

10 hours ago DieselGasoil Comments Off on US coalition killed 1,600 civilians in Raqqa offensive – Amnesty International
The US-led assault on the Syrian city of Raqqa in 2017 killed over 1,600 non-combatants, more than 10 times the coalition’s own estimate, according to an investigation by Amnesty International and Airwars, a conflict monitor. “Our conclusive finding after all this is that the US-led coalition’s military offensive (US, UK and French forces) directly caused Read More

RBS begins global hunt for CEO to replace McEwan

12 hours ago DieselGasoil Comments Off on RBS begins global hunt for CEO to replace McEwan
LONDON/EDINBURGH (Reuters) – Royal Bank of Scotland is searching for a new chief executive after Ross McEwan resigned, signaling a fresh start as it heads for full private ownership after a state bailout. FILE PHOTO: Royal Bank of Scotland chief executive Ross McEwan is seen outside Downing Street in London, Britain March 20, 2019. REUTERS/Hannah Read More

World stocks slip as growth fears linger; euro slides

12 hours ago DieselGasoil Comments Off on World stocks slip as growth fears linger; euro slides
NEW YORK (Reuters) – The dollar rose on Thursday, hitting the highest in almost two years against the euro on an upbeat U.S. capital goods report, while a gauge of world equity markets slid as weak economic data from South Korea and a profit warning from 3M Co renewed concerns about global growth. FILE PHOTO: Read More