• Railroad operator CSX's quarterly profit tops Wall Street target

    30 days ago - By Reuters

    CSX Corp on Tuesday reported quarterly profit that topped Wall Street's view, as the No. 3 U.S. railroad operator benefited from ongoing cost-cutting, broad-based volume growth and higher prices for moving freight.
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  • Uber's $120 bln valuation

    30 days ago - By Reuters

    Uber could be valued as much as $120 billion when it goes public next year, according to recent proposals made by U.S. banks and reported by the Wall Street Journal. Fed Katayama reports.
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  • LIVE: Here comes Netflix's earnings

    LIVE: Here comes Netflix's earnings

    30 days ago - By Business Insider

    Wall Street is expecting big things from Netflix on Tuesday afternoon when it reports its third-quarter results.
    Analysts are expecting to see sharp rises in both revenue and earnings at the streaming media giant. With the company's shares largely trading sideways in recent months, investors may have more muted expectations.
    Here's what the Street is expecting from the company's quarterly report:
    Q3 Revenue: $4 billion. In the same quarter last year, Netflix pulled in $2.98 billion in sales.
    Q3 Earnings per share : 68 cents. In last year's third quarter, it earned 29 cents a...
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  • Uber value estimate soars ahead of likely IPO

    30 days ago - By Reuters

    Ride-hailing company Uber Technologies could be valued at $120 billion, when it finally goes public next year according to proposals made by U.S. banks bidding to run the offering, the Wall Street Journal reported on Tuesday.
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  • Lyft Picks Underwriters for 2019 IPO: Report

    30 days ago - By Fortune

    Ride-sharing service Lyft has reportedly selected underwriters for its initial public offering expected in early 2019.
    According to The Wall Street Journal , JPMorgan Chase & Co. will lead the offering, along with Credit Suisse Group AG and Jefferies Group LLC. Several smaller banks will also hold smaller roles.
    Lyft's valuation is expected to top $15.1 billion. In contrast, Uber, which is also thought to be planning its own IPO for 2019 has recently received proposals from banks that value it around $120 billion, the Journal reports.
    Uber had originally planned its IPO for the second half...
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  • Report: Lyft picks JPMorgan to lead IPO in 2019

    30 days ago - By Tech Crunch

    Lyft and Uber's race to an IPO is heating up.
    Lyft has selected JPMorgan Chase & Co. as the lead underwriter of its initial public offering along with Credit Suisse Group and Jefferies Group, the WSJ reported , citing “people familiar with the company's plans.”
    Lyft declined to comment.
    Lyft is expected to file an IPO in the first half of 2019. Choosing an underwriter marks the next official step in the process. Meanwhile, Uber is making it's own preparations.
    Uber, which has received proposals from banks that placed its value as much as $120 billion, is also considering an early 2019...
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  • Lyft selects JPMorgan, Credit Suisse for IPO in 2019: source

    30 days ago - By Reuters

    Ride-hailing company Lyft Inc has chosen JPMorgan Chase & Co, Credit Suisse and Jefferies as underwriters for its initial public offering, slated for the first half of 2019, according to a person familiar with the matter.
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  • Lyft reportedly taps Wall Street banks for an IPO

    Lyft reportedly taps Wall Street banks for an IPO

    30 days ago - By Business Insider

    Lyft has selected JPMorgan, Credit Suisse, and Jefferies for an IPO, the Wall Street Journal Reported Tuesday.
    Both Lyft and its ride-hailing competitor Uber are racing towards stock listings.
    Uber has netted a $120 billion target, the same paper also reported Tuesday.
    Lyft has selected JPMorgan as the lead bookrunner for its imminent initial public offering, the Wall Street Journal reported Tuesday , with Credit Suisse and Jefferies also working on the listing.
    The IPO is expected to happen in the first half of 2019, people familiar with the plans tell the paper. While the valuation may...
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  • Lyft reportedly taps Wall Street banks for an IPO

    Lyft reportedly taps Wall Street banks for an IPO

    30 days ago - By Business Insider

    Lyft has selected JPMorgan, Credit Suisse, and Jefferies for an IPO, the Wall Street Journal Reported Tuesday.
    Both Lyft and its ride-hailing competitor Uber are racing towards stock listings.
    Uber has netted a $120 billion target, the same paper also reported Tuesday.
    Lyft has selected JPMorgan as the lead bookrunner for its imminent initial public offering, the Wall Street Journal reported Tuesday , with Credit Suisse and Jefferies also working on the listing.
    The IPO is expected to happen in the first half of 2019, people familiar with the plans tell the paper. While the valuation may...
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