Uber closes at record low as losses, hiring freeze continue to weight on stock

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Uber closes at record low as losses, hiring freeze continue to weight on stock

Lyft stock also declined Monday as both ride-hailing companies deal with post-earnings questions about profitability, direction. Bloomberg News/Landov. Uber’s price war with Lyft appears to be letting up, but ride-hailing stocks continue to suffer. By …
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There Is Concern About Finding Jeff Epstein's Assets (Radio)

Chris Dolmetsch, Bloomberg legal reporter, on the next Jeff Epstein drama: identifying what's in his estate and who can claim his assets. Hosted by
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Former NYU Business School Standout, New to Wall Street, Charged With Insider Trading

WASHINGTON—A new arrival to Wall Street and former student-body president at NYU’s Stern School of Business was charged with insider trading tied to a $1.7 billion buyout. Bill Tsai, a 23-year-old analyst at RBC Capital Markets, was arrested Sunday and …
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Robert F. Smith's Equity Firm Sells 50% Stake in Software Company

Vista Equity Partners, the private investment firm founded by billionaire Robert F. Smith, is selling a 50% stake in Advanced, a British software company that it acquired in 2015, to BC Partners. The deal is reportedly worth about 2 billion pounds or $2.4 billion …
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UPDATE 1-Occidental finance chief pledges to act quickly to pare acquisition debt

(Adds comment and details). DENVER, Aug 12 (Reuters) – Occidental Petroleum Corp expects to quickly reduce the $40 billion in debt it took on with its purchase of Anadarko Petroleum, the company’s finance chief said on Monday. Cedric Burgher, in his first …
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