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Uber loses $1 billion in quarter, hitting forecast, as revenue rises 20%
Published:5/31/2019 2:08:29 AM
Uber Technologies Inc reported a $1 billion loss in its first quarterly report as a public company on Thursday, despite a 20 percent rise in revenue, posting results in line with its forecasts but underscoring the challenges the ride-hailing service faces to become profitable one day.
NBCUniversal latest U.S. media company reconsidering Georgia business over abortion law
Published:5/31/2019 2:07:08 AM
NBCUniversal and WarnerMedia on Thursday joined a wave of U.S. media companies, including Walt Disney Co, saying they will reconsider working in Georgia if a new law banning abortions after a fetal heartbeat can be detected takes effect.
Wall St. steadies amid U.S.-China trade jitters
Published:5/31/2019 2:04:51 AM
U.S. stocks showed signs of stabilizing on Thursday, but gains were kept in check by conflicting comments on trade talks from President Donald Trump and Beijing that reinforced concerns about a potentially lengthy battle harming global growth.
CORRECTED-UPDATE 2-WarnerMedia joins Disney, Netflix in reconsidering Georgia business over abortion law
Published:5/31/2019 1:51:23 AM
WarnerMedia on Thursday became the third major U.S. media company to say it would reconsider working in Georgia if a new law banning abortions after a fetal heartbeat can be detected takes effect, following Walt Disney Co and Netflix.
Woods shoots 70 as Moore takes clubhouse lead at Memorial
Published:5/31/2019 1:48:08 AM
Tiger Woods shot a respectable two-under-par 70 in the first round at the Memorial tournament as fellow American Ryan Moore plundered the soft Muirfield Village course in Dublin, Ohio on Thursday.
U.S. judge rejects Trump administration move to start wall construction
Published:5/31/2019 1:43:10 AM
A federal judge rejected on Thursday an effort by the Trump administration to begin construction on a wall on the border with Mexico while it appeals a ruling that found funding for the wall was likely not authorized by Congress.
India's Modi to name ruling party chief Shah as finance minister: media
Published:5/31/2019 1:38:18 AM
Indian Prime Minister Narendra Modi is set to name Amit Shah, the chief of his Hindu nationalist Bharatiya Janata Party (BJP), as the country's new finance minister after taking his oath of office for the second time on Thursday, according to several Indian media reports.
Osaka lives to fight another day, Djokovic cruising
Published:5/31/2019 1:37:30 AM
Naomi Osaka stayed on course for a third successive Grand Slam title and Novak Djokovic a fourth at the French Open on Thursday but their paths to the third round could not be more different.
Inflatable angry emoji looms over Facebook annual meeting as users vent frustrations
Published:5/31/2019 1:35:41 AM
Protesters carrying an inflatable angry emoji greeted Facebook Inc shareholders as they gathered for the company's annual meeting on Thursday, the latest sign of its struggle to shake off privacy scandals and rein in fake news and hate speech.
Children under five dying at higher rate in Congo Ebola epidemic: WHO
Published:5/31/2019 1:31:41 AM
Children under five infected with Ebola in eastern Democratic Republic of Congo are dying at a higher rate than other patients as their parents shun special treatment centers, the World Health Organization (WHO) said on Thursday.
Mexican charges against ex-Pemex chief are for money laundering -paper
Published:5/31/2019 1:31:32 AM
The charges against former Pemex Chief Executive Emilio Lozoya, who is wanted in a major Mexican anti-corruption investigation, are for money laundering, Mexican newspaper Reforma reported on Thursday.
Higa wrestles first-round lead at U.S. Women's Open
Published:5/31/2019 1:19:37 AM
Japan's Mamiko Higa, feeding off encouragement from her sumo wrestler fiance, sizzled on her U.S. Women's Open debut, wielding a hot putter on a scorching morning to take the clubhouse lead with a six-under-par 65 on Thursday.
Pence says Canada should work with U.S. on Cuba and Venezuela
Published:5/31/2019 1:18:29 AM
U.S. Vice President Mike Pence on Thursday said the U.S. government and Canada should work together to hold Venezuelan President Nicolas Maduro accountable and to expose the influence of Cuba.
Wall St. slump continues on U.S.-China trade uncertainty
Published:5/31/2019 1:18:06 AM
U.S. stocks lost ground again on Thursday, as conflicting comments on trade talks from President Donald Trump and Beijing reinforced investor nervousness that a lengthy battle could be in the offing and harm global growth.
U.S. farm aid should not benefit foreign companies -Democratic senators
Published:5/31/2019 1:17:54 AM
Nine Democratic senators urged the Trump administration to ensure an aid package meant to compensate U.S. farmers for losses stemming from the U.S.-China trade war does not end up in the hands of foreign companies.
NBCUniversal says abortion laws would 'strongly impact' decision on where it films
Published:5/31/2019 1:16:45 AM
Comcast Corp's NBCUniversal said if anti-abortion laws in various U.S. states are upheld, it would "strongly impact" where it produces films and television shows in the future.
Belgian king appoints two advisers to find path toward coalition government
Published:5/31/2019 1:15:36 AM
Following an inconclusive election that laid bare Belgium's longrunning divisions, King Philippe has asked Foreign Minister Didier Reynders and former deputy Prime Minister Johan Vande Lanotte to look into the conditions required for forming a coalition government.
GE's CEO 'stunned' that factory efficiency drive only just started
Published:5/31/2019 1:14:11 AM
General Electric Co's chief executive said on Thursday he was "really stunned" to learn that a major factory had only recently started using lean manufacturing techniques.
Oil falls to two-mth lows on small U.S. crude stock draw, trade war worries
Published:5/31/2019 1:14:09 AM
Oil prices fell almost 4% to their lowest in over two months on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war.
US STOCKS-Wall St slump continues on U.S.-China trade uncertainty
Published:5/31/2019 1:13:20 AM
* Dow down 0.11%, S&P 500 down 0.08%, Nasdaq down 0.12% (Updates to mid-afternoon, changes byline)
Pence says Canada must work with U.S. on Cuba and Venezuela
Published:5/31/2019 1:08:04 AM
Vice President Mike Pence on Thursday said the U.S. government and Canada should work together to hold Venezuelan President Nicolas Maduro accountable and to expose the influence of Cuba.
Halep huffs and puffs into third round in Paris
Published:5/31/2019 1:04:20 AM
Reigning champion Simona Halep overcame stiff resistance from Magda Linette, as well as her own nerves and a bout of illness, to book her place in the third round of the French Open with a 6-4 5-7 6-3 victory on Thursday.
General Electric CEO says some efficiency efforts are just beginning
Published:5/31/2019 12:42:38 AM
General Electric Co affirmed on Thursday that it expects negative free cash flow in the second quarter, and said its power unit plans to cut costs by about 20% over the next two years as it tries to become leaner.
Turkey's Erdogan to Russia's Putin: Ceasefire must be implemented in Syria's Idlib
Published:5/31/2019 12:42:24 AM
Turkish President Tayyip Erdogan told his Russian counterpart Vladimir Putin that the ceasefire in Syria's Idlib must be implemented to prevent more civilian deaths and an influx of refugees to Turkey, a statement from Erdogan's office said.
Italy's 5-Star backs Di Maio to carry on as leader after EU vote defeat
Published:5/31/2019 12:38:28 AM
Italy's anti-establishment 5-Star Movement on Thursday resoundingly backed Luigi Di Maio to carry on as leader following a bruising defeat in European parliamentary elections.
Italy court cracks down on cannabis shops in win for Salvini
Published:5/31/2019 12:26:06 AM
Italy's Supreme court on Thursday banned the sale of many widely sold cannabis derivatives, in a win for Deputy Prime Minister and far-right League leader Matteo Salvini who had declared war on the so-called "legal-weed" shops.
T-Mobile, Sprint considering divesting wireless spectrum: sources
Published:5/31/2019 12:18:50 AM
U.S. wireless carriers T-Mobile US Inc and Sprint Corp are considering divesting wireless spectrum, according to two sources familiar with the matter, as the companies work to gain regulatory approval for their merger.
Mississippi's former U.S. Senator Thad Cochran dies at 81
Published:5/31/2019 12:15:48 AM
Former U.S. Senator Thad Cochran, the courtly Mississippi Republican who held leadership positions over some four decades in the Senate, died on Thursday at the age of 81, his successor, U.S. Senator Cindy Hyde-Smith, said in a statement.
Zverev keeps it simple after first-round scare
Published:5/31/2019 12:15:38 AM
After his problems in round one Alexander Zverev kept it simple at the French Open on Thursday as he outplayed Swede Mikael Ymer 6-1 6-3 7-6(3).
Oil falls 3% on small U.S. crude stock draw, trade war worries
Published:5/31/2019 12:14:23 AM
Oil prices fell over 3% to their lowest in two months on a smaller-than-expected decline in U.S. crude inventories and fears of a global economic slowdown due to the U.S.-China trade war.
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