Business News


Netflix surges on user gains, strong profits

Netflix reported Tuesday a strong jump in profits and better-than-expected growth in users in the past quarter, sparking a rally in shares of the streaming television market leader.

6 hours ago from Phys.org

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Report: Uber IPO could put company value at $120 billion

Uber may put forth an initial public offering early next year that values the ride-hailing business at as much as $120 billion, according to a media report.

13 hours ago from Phys.org

Other sources: Phys.org, CNET, Guardian.co.uk, Reuters Technology (4) show all (5) »

Judge approves Elon Musk settlement with SEC

A federal judge is approving a settlement between Elon Musk and federal regulators over his infamous tweet about taking Tesla private.

10 hours ago from Phys.org

Other sources: Phys.org, Daily Mail show all (3) »

Delivery startup Instacart valued at $7.6 bn in funding round

Online grocery delivery startup Instacart, a symbol of the "on demand" economy, said Tuesday it raised $600 million in capital, at a valuation of $7.6 billion.

12 hours ago from Phys.org

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Coinbase now lets you buy and sell ZRX

Coinbase’s newest asset is live. On Tuesday the popular U.S.-based cryptocurrency platform added support for ZRX, the token representing the 0x Project. On Coinbase, ZRX joins the rarified ...

7 hours ago from TechCrunch

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IBM revenue misses as server, software sales slow

IBM Corp reported a bigger-than-expected drop in revenue on Tuesday, hit by slowing software sales and wavering demand for mainframe servers, pointing to a bumpy recovery for the technology ...

4 hours ago from Reuters Technology

Other sources: Reuters Technology (3) show all (2) »

Cloud software firm Twilio to buy SendGrid in $2 billion deal

Cloud communications provider Twilio Inc said on Monday it would buy email technology firm SendGrid Inc in an all-stock deal valued at about $2 billion.

Mon 15 Oct 18 from Reuters Technology

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J&J applauds U.S. proposal on drug prices in TV ads

Johnson & Johnson applauded a U.S. government proposal requiring drugmakers to include price of medicines in television ads, Chief Financial Officer Joseph Wolk said in a CNBC interview on Tuesday. ...

13 hours ago from Reuters

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Sears has declared bankruptcy—will it still honor my Kenmore warranty?

Here’s what you need to know        

Mon 15 Oct 18 from USA today

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Fidelity’s new firm will manage crypto trading for investors

Financial services firm Fidelity is making a move towards cryptocurrency, announcing a new company that will handle crypto investments for large-scale clients. The new company, Fidelity ...

Mon 15 Oct 18 from Engadget

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