Uber Spends and Losses Big on International Expansion, Challenged by Regulations and Rivalry

An official filing revealed that Uber is facing huge loss in its international operation, as the company spent big on global expansion. The main factors of the loss are regulatory obstacles and local rivalry.

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Nigeria's National Oil Company Announced an Annual Loss of $1.34 Billion

The loss is combined from its corporate service unit and its three refineries. The total annual loss was consistent with the company's continuing monthly loss over the past year. Nigeria, as Africa's biggest economy and largest oil producer, has been greatly suffered the oil prices fall.

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J.C. Penney reports flat same-store sales as autumn sales slow

J.C. Penney Co Inc reported a smaller-than-expected quarterly loss on Wednesday but said same-store sales were flat and slightly cut its full year revenue forecast, sending shares of the department store chain lower in extended trade.

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MMG to chase outstanding amounts due the company

Recovery measures such as arbitration, negotiation and litigation are the means that MMG would recover due amounts receivable.

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HSBC's loss may increase over time

Due to the statement by US District Court Judge Ronald A. Guzman, the USD2.46 billion judgment payment charged to HSBC Holdings for improprieties of its unit International Household, may increase due to interest on amounts due.

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CEOs say shutdown would result in loss of economic gains

Many CEOs said that the extended budget impasse on health care reform would only result in greater problems such as loss of economic gains from the 2008 financial crisis.

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Former New England Patriot indicted for murder, set to lose money

Former New England Patriot Aaron Hernandez was indicted for murder and stands to lose over USD39 million of salary and bonuses.

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Australia’s largest retailer takes major hit from hardware venture

Woolworths Ltd. reported losses amounting to AUD $139 million stating it was spiked by weak sales and high start up costs.

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Sandridge Posts 4th Quarter Loss

Sandridge Oil posts a 'happy' fourth quarter loss.

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Valeant Active on Equity Activities

Valean Pharmaceuticals active to deal but limited in cash.

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