Uber Reports Record Ridership and Second Straight Quarterly Profit
Revenue was up 11 percent from a year earlier, helping to generate $221 million in net income.
Posted inBankruptcies Company Reports Mathrani, Sandeep Neumann, Adam Real Estate (Commercial) Renting and Leasing (Real Estate) SOFTBANK Corporation Start-ups Tolley, David M WeWork Companies Inc
WeWork Files for Bankruptcy Amid Glut of Empty Offices
The move is a blow for landlords who have rented space to the co-working group, which is planning a “comprehensive reorganization” that includes cutting some of its leases.
Posted inBerkshire Hathaway Inc Buffett, Warren E Company Reports Insurance Real Estate and Housing (Residential) Stocks and Bonds
Berkshire Stung by Losses in Its Stock Holdings
The conglomerate’s cash stake swelled to a record $157.2 billion in the third quarter even as it posted $23.5 billion in losses from investments.
Posted inCompany Reports Computers and the Internet Cook, Timothy D iPhone Smartphones Wearable Computing
Apple’s Sales Drop Slightly While Profit Is Up 11 Percent
Interest in new iPhones and services such as music and cloud storage powered the quarter, but other businesses, such as Mac sales, slowed significantly.