NEW YORK (AP) — Uber continued to lose money as it builds up its food delivery business and develops technology for driverless cars, but revenue for its rides business nearly tripled as the company picked up more passengers around the world. The ride-hailing giant lost $1.1 billion in the fourth quarter of 2019, about 24% […]

NEW YORK (AP) — The LinkedIn professional networking service is getting a new CEO. Jeff Weiner will become executive chairman after 11 years as chief of the Microsoft-owned business. Ryan Roslansky, senior vice president of product, will become CEO as of June 1. Weiner said the timing felt right personally and professionally, with a ready […]

NEW YORK (VINnews) – Bernie Madoff, the notorious Ponzi schemer, says that he is dying, and is seeking an early release from prison on compassionate grounds CNBC is reporting. A lawyer for Madoff, in a new legal filing, says the fraudster has “less than 18 months to live.” Madoff currently is serving a 150-year prison […]

NEW YORK (AP) – Health care and financial stocks led another milestone-setting rally on Wall Street Wednesday, extending the market’s gains for the week. The Dow Jones Industrial Average climbed more than 480 points and the S&P 500 index and Nasdaq composite each hit an all-time high. The latest gains came as another batch of […]

DUBAI, United Arab Emirates (AP) — Dubai International Airport said on Wednesday that it maintained its title as the world’s busiest for international travel, despite closing one of its runways for repairs last year and the ongoing grounding of the Boeing 737 Max. The airport, home to long-haul carrier Emirates, saw 86.4 million passengers in […]

NEW YORK (AP) — Macy’s said Tuesday it is closing 125 of its least productive stores and cutting 2,000 corporate jobs as the struggling department store tries to reinvent itself in the age of online shopping. The store closures represent about one fifth of Macy’s current total. They include about 30 that are in the […]

SAN FRANCISCO (AP) — Twitter will begin to label and in some cases remove doctored or manipulated photos, audio and videos that are designed to mislead people. The company said Tuesday that the new rules prohibit sharing synthetic or manipulated material that’s likely to cause harm. Material that is manipulated but isn’t necessarily harmful may […]

DETROIT (AP) — Eight months after it seemed headed for the corporate junkyard, Tesla is now worth more than General Motors, Ford and Fiat Chrysler combined, even though the Big Three together sell more cars and trucks in two weeks than Tesla does in a whole year. In a reversal of fortune analysts find amazing […]

WASHINGTON (AP) — A portrait of a robust U.S. economy is sure to take center stage Tuesday night when President Donald Trump gives his third State of the Union address. It is an economy that has proved solid and durable, yet hasn’t fulfilled many of Trump’s promises. Nine months before the election, the economy keeps […]

SAN FRANCISCO (AP) — Google’s revenue grew, but Wall Street wanted more. Parent company Alphabet’s stock fell more than 4% after financial results came out Monday, even as profits rose 19% and beat expectations for the last three months of the year. Helped by lower taxes, Alphabet said Monday it earned $10.7 billion, or $15.35 […]