Uber posts biggest quarterly loss ever after stock payouts

[ad_1] In this May 28, 2019, file photo Jump electric bike share bicycles by Uber are seen along Mission Beach boardwalk in San Diego. Uber reports financial results Thursday, Aug. 8. (AP Photo/Gregory Bull, File) Uber lost $5.24 billion in the second quarter—its largest quarterly loss ever—after making huge stock-based payouts in the months following […]

Bombardier reports loss in Q2 amid issues with rail contracts

[ad_1] The Canadian group Bombardier will lay off 550 employees at its Thunder Bay, Ontario plant Canadian plane and train maker Bombardier on Thursday announced major losses in the second quarter due to delays in fulfilling several of its rail contracts, and revised down its earnings forecast for the year. The news sent its shares […]

GE shares gyrate as it reports loss, lifts full-year forecast

[ad_1] General Electric raised its full-year profit forecast despite reporting a second-quarter loss General Electric lifted its full-year profit forecast on Wednesday, while warning that US-China trade tensions and the grounding of the Boeing 737 MAX remain lingering uncertainties. The industrial giant, which has been beset by a downturn in its power business for more […]