Results


2 Big Uber Investors Agree to Sell Shares in SoftBank Deal

U.S. News

Uber's growing string of scandals almost certainly played a role in the discounted valuation. The most recent problem was made public on Tuesday in a federal courtroom in San Francisco. Federal prosecutors are investigating allegations that Uber deployed an espionage team to plunder trade secrets from its rivals. The revelation triggered a delay in a high-profile trial over whether the beleaguered ride-hailing service stole self-driving car technology from a Google spinoff.


BlackBerry Rally Derailed as Investors Lose Patience on Turnaround

U.S. News

In late June, BlackBerry reported quarterly earnings that missed analysts' forecasts due to an unexpected sales decline, ramping up pressure on the company to meet its goal of boosting software and services revenue by 10 percent to 15 percent this year. BlackBerry declined to comment on the stock price, but QNX manager Grant Courville said it expected to sign deals with at least three major companies to get QNX into self-driving vehicles.


SoftBank Reports Drop in Quarterly Profit on Alibaba Stake

U.S. News

SoftBank said Monday its quarterly net profit was 5.5 billion yen ($50 million), down from 254 billion yen the previous year. President Donald Trump's new chief of staff has moved quickly in his first week to implement a more rigid chain of command. A new study suggests employment norms have returned for some – but certainly not all – of America's workers. Jim Justice, a Democrat, is expected to join President Donald Trump on Thursday night and announce his switch to the GOP.


Baidu Competitor Says to Focus on AI as It Plans U.S. IPO

U.S. News

Sohu management said in an earnings call on Monday that content-sharing with Tencent's social media app WeChat contributed to Sogou's search traffic growth, which jumped 50 percent in mobile in the past quarter.


Self-Driving Car Tech Firm Mobileye First-Quarter Profit, Revenue Jump

U.S. News

The company said it posted new advanced driver system wins, forged alliances with new partners and moved forward with its proprietary high-definition mapping project by signing definitive collaboration deals with several major automakers.


Fiat Chrysler Profit up More Than a Third as Europe Improves

U.S. News

FILE - This Tuesday, May 6, 2014, file photo shows a sign outside Fiat Chrysler Automobiles world headquarters in Auburn Hills, Mich. Fiat Chrysler and Google said Tuesday, April 25, 2017, for the first time will offer rides to the public in the self-driving automobiles they are building under an expanding partnership.