• Uber's net loss widens to $4.5 billion for tumultuous 2017

    9 monthes ago - By Chron

    Ride-hailing giant Uber's full-year net loss widened to $4.5 billion in 2017 as the company endured a tumultuous year that included multiple scandals, a lawsuit alleging the theft of trade secrets and the replacement of its CEO.
    The results also showed that Uber cut its fourth-quarter net loss by 25 percent from the third quarter as new CEO Dara Khosrowshahi moves to make the company profitable ahead of a planned initial public stock offering sometime next year.
    The full-year loss grew from $2.8 billion in 2016, a year with results skewed by a gain from the sale of Uber's unprofitable...
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  • Regional Spotlight: Affordability in California Edges Up

    9 monthes ago - By RIS Media

    After hitting a 10-year low in third-quarter 2017, slightly lower home prices and steady mortgage rates allowed more Californians to purchase a home in the fourth quarter of 2017, according to the California Association of REALTORS® .
    The percentage of homebuyers who could afford to purchase a median-priced, existing single-family home in California in the fourth quarter of 2017 edged up to 29 percent from 28 percent in the third quarter of 2017 but was down from 31 percent in the fourth quarter a year ago, according to C.A.R.'s Traditional Housing Affordability Index. This is the 19th...
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  • Wyndham Worldwide Fourth Quarter 2017 Revenues from Continuing Operations Up 4 Percent

    9 monthes ago - By Hotel News Resource

    Wyndham Worldwide Reports Fourth Quarter and Full-Year 2017 Results
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  • Fannie Mae loses $6.5 billion in 4Q on tax change

    9 monthes ago - By Chron

    WASHINGTON - Sweeping changes to U.S. tax law led to a $6.53 billion loss at Fannie Mae last quarter, putting the government-controlled mortgage company in the position of seeking cash assistance from taxpayers for the first time since it emerged from the housing crisis six years ago.
    Fannie Mae said Wednesday its net worth sank to a negative $3.7 billion after it had to "remeasure" its deferred tax assets to the tune of $9.9 billion as required by the Tax Cuts and Jobs Act, signed into law by President Donald Trump just before the end of the year.
    Many U.S. companies had similarly large...
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  • What Is Amazon's Fundamental Value Based On Expected 2018 Results?

    9 monthes ago - By Forbes

    Amazon continued its growth spree in the fourth quarter of 2017, with impressive results across segments. Amazon reported a 31% increase in net revenue through the year to $178 billion. Based on a solid end to the year and positive outlook for 2018, we have revised our expectations for the year.
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  • Hilton Exceeds Fourth Quarter and Full Year Expectations; Provides 2018 Outlook

    9 monthes ago - By Hotel News Resource

    System-wide comparable RevPAR increased 3.8 percent and 2.5 percent for the fourth quarter and full year 2017
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  • Fannie Mae reports $6.5B loss for fourth-quarter 2017

    9 monthes ago - By Inman

    Fannie Mae on Wednesday reported a fourth-quarter net loss of $6.5 billion, a steep year-over-year decline that the government-sponsored, publicly traded entity attributed to a one-time accounting charge brought on by changes to the tax code that passed into law in December ...
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