Alerts in the last 24 hours

No Personalised Alerts!

To see personalised alerts you need to be logged in.

Log In

Uber Technologies Inc Add to portfolio

UNIS:UBR, Oct 25, 03:58 UTC

Latest UNIS:UBR News

Filter your feed

Apply Filter

Wednesday, October 21


News

Uber has offered BMW and Daimler $1.2 billion for its ride-sharing rival, according to reports

UBR HES +2 more UBR HES GE DTRUMP

Cramer likes these two infrastructure stocks: Caterpillar Inc. (NYSE: CAT) and Deere & Company (NYSE: DE).See Also: Trump, Biden To Have Microphones Muted In Final Debate When Rival Makes Opening RemarksCramer says the main difference between President Donald Trump and Biden is trade. Cramer likes these Chinese play stocks: 3M Company (NYSE: MMM), Emerson Electric Co (NYSE: EMR) and Otis Worldwide Corporation (NYSE: OTIS).The biggest winners are the China consumer plays, which are Starbucks Corporation (NASDAQ: SBUX), Apple Inc. (NASDAQ: AAPL) and Nike, Inc. (NYSE: NKE) according to Cramer. On Oct. 6, General Electric (NYSE:GE) stock dipped 5% after the company revealed the U.S. Securities and Exchange Commission (SEC) had issued it a Wells notice. Soon, the gross overreaction to this proved to be an ideal entry point — shares have since recovered over 10%. And it’s still not too late to jump into GE stock. Source: JPstock / Shutterstock.com That’s because more experienced investors will realize that GE shows the classic signs of a “Warren Buffett” investment. In June, AmTrust (OTCMKTS:AFSIC) paid $10.5 million to settle a case that was similar to General Electric’s – that’s higher than average but still far less than the $3 billion hit that GE stock took in its market capitalization.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

How could Proposition 22 affect Uber and Lyft’s share prices?

UBR LYF

You should consider whether you understand how spread bets and CFDs work and whether you can afford to take the high risk of losing your money. You'll also receive our newsletter and other Opto emails in accordance with our privacy policy. How could Proposition 22 affect Uber and Lyft’s share prices? The coronavirus has seen a marked decrease in revenue for both companies, which has only added to concerns about long-term profitability. Â. Uber’s share price has fared better than Lyft's share price thanks to its food delivery service, which has provided some protection from the drop off in ride numbers. Since the start of the year, Uber’s share price has gained over 15%, and more than 50% since 23 March. Any post-earnings bounce Lyft received from topping analyst expectations was short-lived, as the company said it would have to stop operations in California at the end of August. While this didn’t come to pass, it gives an indication of how sensitive Lyft’s share price is to events in California, with the state making up 16% of all rides.

Read Full Details

Topics:
  • Business
  • Financial
News

Uber offers more than $1B to buy Daimler, BMW's Free Now, report says

UBR

Uber offers more than $1B to buy Daimler, BMW's Free Now, report says. FRANKFURT -- Uber has offered more than 1 billion euros ($1.19 billion) to buy Daimler and BMW's ride-hailing company Free Now, according to German business publication Manager Magazin. While Daimler is ready to sell, BMW CEO Oliver Zipse is wavering about selling up, and is instead open to offering Uber a stake, the magazine said in a report on Wednesday. Bloomberg reportedin September that Uber was considering purchasing the service to boost its market share in Europe and Latin America, citing people with knowledge of the matter. Daimler and BMW merged their mobility operations last year and created a joint venture called Your Now, which consists of five businesses, including Free Now.

Read Full Details

Topics:
  • Business
  • Financial

Friday, October 16


News

Uber seeking options including partial sale for Uber Elevate: Axios

UBR

Uber seeking options including partial sale for Uber Elevate: Axios. {{monthName}} {{day}}, {{year}}, {{hour12}}:{{minuteTwoDigit}} {{dayPeriod}}. (Reuters) - Uber Technologies Inc is seeking options for its Uber Elevate business, including strategic partnerships or a partial sale, Axios reported on Friday, citing multiple sources. The move reflects Chief Executive Officer Dara Khosrowshahi's obsession with achieving profitability, the report added. (https://bit.ly/31f3bub). Uber declined to comment on the report.

Read Full Details

Topics:
  • Business
  • Financial

Friday, October 09


News

THE WRAP: Uber, tubers, millennial havens and the fate of Come By Chance

UBR

Top News. How the pandemic has highlighted the wage gap. Updated: Oct 09 at 11:13 a.m. Sorry you must be at least 19 years of age to consume this content. Add the idea of a gourmet Meal in a Peel, a redone truck and two online characters named Buck and Chuck and this Guysbourough County aunt and niece have found their business nirvana. Halifax rents and renters moving up. If you rent in Halifax, you’re likely paying more than last year. How come? Some are moving on up like the Jeffersons. Others because demand lets landlords ask for it.

Read Full Details

Topics:
  • Business
  • Health
  • Financial

Monday, October 05


News

Uber Raises $500M Funding for Freight Unit From Greenbriar

UBR

Uber Technologies Inc UBER recently announced that an investor group led by Greenbriar Equity Group, L.P., a New York-based private equity firm, will invest $500 million in a Series A preferred stock financing for Uber Freight, the company’s logistics arm. The deal values Uber Freight at $3.3 billion on a post-money basis.With regards to the investment, Michael Weiss and Jill Raker, managing partners of Greenbriar, will join the Uber Freight Board. However, Uber will still have a majority ownership in Uber Freight. It plans to use the investment to scale its logistics platform and ramp up product innovation and provide shippers with “technology to power their supply chains.” Subject to customary closing conditions, the transaction is expected to close this month itself.Uber Freight was launched in 2017 to facilitate the movement of goods and help communities thrive. Click to get this free report Autohome Inc. (ATHM) : Free Stock Analysis Report Etsy, Inc. (ETSY) : Free Stock Analysis Report Crexendo Inc. (CXDO) : Free Stock Analysis Report Uber Technologies, Inc. (UBER) : Free Stock Analysis Report To read this article on Zacks.com click here.

Read Full Details

Topics:
  • Business
  • Financial

Friday, October 02


News

Former Uber executive-led blank-check company seeks $250 million in IPO

UBR

(Reuters) - A blank check-company helmed by former Uber Technologies Inc's <UBER.N> executive Emil Michael is looking to raise $250 million in an initial public offering, the company said on Friday. DPCM Capital Inc aims to sell 25 million units at a price of $10 each and has applied to list its units on the New York Stock Exchange under the symbol "XPOA.U", it said in a filing https://www.sec.gov/Archives/edgar/data/1821742/000121390020029922/fs12020_dpcmcapital.htm#T7. The blank-check company also counts former Alphabet Inc's <GOOGL.O> Chief Executive Officer Eric Schmidt among its special advisors. DPCM has become the latest SPAC to file for an IPO, joining the likes of high-profile investors such as Bill Ackman and Michael Klein, who have raised billions through their SPACs this year.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Former Uber Executive Emil Michael to File for $250 Million SPAC IPO – Sources

UBR GOOGL +1 more UBR GOOGL GOOG

By John Jannarone and Jarrett Banks. Former Uber Technologies, Inc. executive Emil Michael plans to file for an initial public offering of $250 million for a blank check company whose special advisors include Dr. Eric Schmidt, the Silicon Valley billionaire who was previously CEO of Google and Executive Chairman of Alphabet Inc. The special purpose acquisition company, or SPAC, is called DPCM Capital, Inc. and will file its S-1 prospectus with the Securities and Exchange Commission as soon as Friday, according to people familiar with the matter. He also helped Uber raise billions of dollars privately before the company went public in 2019. Mr. Michael’s SPAC follows several other technology-focused deals that have used the vehicle as an opportunity to introduce public investors to early-stage, high-growth companies.

Read Full Details

Topics:
  • Business
  • Financial
News

Greenbriar Leads $500M Uber Freight Investment

UBR

Greenbriar Equity Group L.P., a New York investment firm in the logistics sector, led a $500 million Series A preferred stock financing for Uber Freight, putting its value at $3.3 billion, Uber Technologies Inc. announced Friday (Oct. 2). The cash will be used to grow its transportation logistics platform and speed products to equip shippers with technology to power their supply chains, the San Francisco-based company said. Launched three years ago, Uber Freight connects truck drivers with shippers through its app, similar to how the company’s ride-hailing app pairs drivers with customers seeking a ride. “Uber Freight has created an innovative and effective approach to logistics technology that we believe is highly scalable in the coming years,” Weiss said in a statement.

Read Full Details

Topics:
  • Business
  • Financial
  • Science
News

Today’s Logistics Report: Buying Into Uber Freight; Maritime’s Fresh Cyberattacks; Moving Boeing Planes

UBR BA

Greenbriar Equity Group is leading a $500 million investment round in the truck brokerage arm of Uber Technologies Inc., the WSJ Logistics Report’s Jennifer Smith writes, in an agreement that values the digital freight business at $3.3 billion. The transaction comes as Uber pushes to cut costs in a ride-hailing business that has staggered under the pandemic and to complete a $2.65 billion all-stock deal to acquire Postmates Inc. Uber has said it is looking at all of its businesses, and its adding two partners from transport and logistics-focused Greenbriar to Uber Freight’s board under the new investment. Uber Freight has grabbed market share with its load-matching app, but it lost $49 million in the second quarter on $211 million in revenue and the unit’s growth rate has slowed. The International Maritime Organization was hit by what the global regulator called a “sophisticated cyberattack,” the WSJ Logistics Report’s Costas Paris writes, days after a hack at CMA CGM SA operations crippled electronic systems at the container line.

Read Full Details

Topics:
  • Business
  • Science