Uber loses $5B despite easing US price war

Source: Dukascopy Bank SA
Uber Technologies reported a record loss of $5.2B and revenue below Wall Street targets, as expansion in its core business of ride-hailing slowed, sending the company's shares down 6% on the report.
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Fri, 09 Aug 2019 02:03:42 GMT

Broadcom to buy unit of Symantec for $10.7B

Chipmaker Broadcom stated that it will buy security unit of antivirus software producer Symantec for $10.7B in cash to broaden its software business through deals.

Thu, 08 Aug 2019 15:42:24 GMT

Osram's top investor drops Bain and Carlyle takeover bid

On Thursday, Osram's shares plunged as much as 8.4% after Allianz Global Investors, the German lamp manufacturer's largest shareholder, had rejected a $3.8B takeover bid from the private equity groups Bain and Carlyle.

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