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Google Exec Hints At Potential Partnerships; Auto Supplier Stocks Respond
Wednesday, January 14, 2015 - 4:40pm | 503Read More...Google Inc (NASDAQ: GOOG) (NASDAQ: GOOGL)'s Chris Urmson spoke on Wednesday at the Automotive News World Congress in Detroit. Here are the highlights of his discussion on self-driving cars. By 2013, Google developed a system that was considered to be robust enough to have 140 Google...
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Can Uber Wake Up From Its PR Nightmare?
Wednesday, January 14, 2015 - 3:16pm | 435Read More...Uber is working to repair its tarnished image by creating new promotions, generating buzz and extending an olive branch to cities that agree to partner with the ride-sharing service. The start-up battled public scrutiny and several city-wide bans after some of its drivers were accused of...
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Uber Introduces UberLUX In Los Angeles
Monday, December 29, 2014 - 1:16pm | 135Read More...Uber announced on its corporate blog the release of the UberLUX service level. According to the company, it "launched UberLUX for those moments when you need ultimate sophistication and unparalleled luxury. You can expect pickups from the highest-rated drivers in vehicles such as Mercedes...
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Google Ventures President On Uber, Investments In Life Sciences
Thursday, December 18, 2014 - 12:29pm | 306Read More...Google Ventures, operates separately from Google Inc as an independent entity. One of the major successes Google Venture had recently was Uber and its $40 billion valuation; Google Ventures invested in Uber in September 2013 Bill Maris, president and managing partner at Google Ventures, was...
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Are Uber And Lyft Responsible For This Stock's 35% Decline?
Friday, December 5, 2014 - 5:23pm | 442Read More...Taxi medallions represent a highly regulated market where, even if demand increases, the supply may not rise sufficiently to meet increased demand. This dynamic has driven up the cost of the taxi medallions issued by city governments and increased overhead for taxi drivers. The Washington Post...
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Triton Research CEO Discusses LendingClub, Uber And Alibaba
Friday, December 5, 2014 - 3:33pm | 307Read More...A host of investors still regret not being able to profit from Alibaba Group Holding Ltd (NYSE: BABA) the way they could have. However, according to Triton Research CEO Rett Wallace, peer-to-peer lending is going to be the next big opportunity on a similar scale like Alibaba and even bigger than...
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Markets Marginally Lower Ahead Of Friday's Jobs Report
Thursday, December 4, 2014 - 6:00pm | 1047Read More...U.S. stocks were slightly lower on Thursday as investors and traders may be sitting on the sidelines ahead of Friday's monthly jobs report. The Dow nearly traded lower by 100-points but rebounded and traded at a new all-time high of 17,937.96 before ending the day almost unchanged. U.S....
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Uber Confirms $1.2 Billion Financing Round
Thursday, December 4, 2014 - 1:08pm | 241Read More...Uber said Thursday it raised $1.2 billion in a new venture financing round, giving it additional capacity remaining for strategic investments. The new venture capital financing may value Uber at $40 billion, according to the New York Times, although the company didn't provide details. The...
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Uber Enlists Goldman Sachs To Raise Funds
Monday, December 1, 2014 - 2:40pm | 182Read More...Uber has asked Goldman Sachs to help it raise money from the bank’s clients, according to Fortune. According to the report, “Goldman’s global wealth management team was informed of the deal this morning, and began sending out packets of information to their clients. All...
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Uber's Embarrassing PR Problems Haven't Affected Its Valuation
Tuesday, November 18, 2014 - 1:09pm | 598Read More...On its surface, Uber looks like a star. The company is valued at roughly $18 billion, making it one of the hottest startups in the world. Investors have poured more than $1 billion into the firm, hoping to benefit from an industry that challenges traditional taxis. Lyft, Uber's nearest...
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Pandora Media Shares Fall Amid Spotify And Uber Integration
Monday, November 17, 2014 - 12:41pm | 292Read More...Pandora Media Inc (NYSE: P) shares fell Monday amid news that Spotify and Uber are teaming up. According to Spotify, the integration between the companies will allow Uber riders to select their preferred playlist from the Uber iOS or Android apps. "When you request a car, you’ll be...
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Morgan Stanley Analysts Unexpectedly Impressed By Uber
Thursday, November 13, 2014 - 9:32am | 369Read More...A team of analysts at Morgan Stanley visited the head offices in Detroit of General Motors Company (NYSE: GM), Ford Motor Company (NYSE: F) and Fiat Chrysler Automobiles NV (NYSE: FCAU) on Monday. However, the real highlight of the trip was traveling around between meetings using Uber's...
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Starbucks CEO Howard Schultz To Jim Cramer: We Are Never Satisfied
Friday, October 31, 2014 - 1:31pm | 410Read More...Starbucks Corporation (NASDAQ: SBUX) CEO Howard Schultz was interviewed Friday on CNBC by Jim Cramer regarding the company’s Q4 financial results. Cramer along with some analysts thought the company's performance was disappointing and cited management's comments about not being...
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Car Companies Watch The Rising Ride-Share Industry Warily
Friday, September 19, 2014 - 9:02am | 623Read More...A lot of Internet and newspaper ink has spilled recently about the global rise of the vehicular pick-up and ride-sharing industry. Automakers appear to be positioning themselves for whatever economic and cultural changes companies like Uber, Zipcar Inc and Lyft are bringing -– or might...
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Re/code's Kara Swisher Discusses Apple's iPhone 6, Google, The NSA And More
Thursday, August 21, 2014 - 2:31pm | 778Read More...Re/code Co-Executive Editor Kara Swisher joined Benzinga's #PreMarket Prep this week for an in-depth interview on Groupon (NASDAQ: GRPN), Google (NASDAQ: GOOG), the iPhone 6 and more. The Next iPhone "It's going to be a bigger phone," Swisher said about Apple's (...
