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Report Uber IPO could put company value at 120 billion

first_imgNEW YORK, N.Y. – Uber may put forth an initial public offering early next year that values the ride-hailing business at as much as $120 billion, according to a media report.The Wall Street Journal said Tuesday that Uber Technologies Inc. received valuation proposals from Goldman Sachs and Morgan Stanley. There is no guarantee Uber will fetch that valuation, or go public soon.If it does, and at that price, the company would be worth more than Ford Motor Co., General Motors Co. and Fiat Chrysler Automobiles combined.There are hurdles for Uber, past and present. In addition to a series of scandals including workplace sexual harassment, theft of intellectual property and the ouster of its co-founder, the company is facing increasing competition.The Journal also reported Tuesday that Uber’s smaller, but chief rival, Lyft, had picked underwriters for a public offering expected in early 2019. JPMorgan Chase & Co. will lead the offering, along with Credit Suisse Group AG and Jefferies Group LLC, the Journal reported. Lyft was valued at $15.1 billion earlier this year.last_img read more

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Dawson Creek RCMP looking for suspect after 7Eleven robbery

first_imgWhen the clerk didn’t give the cash, the man then displayed a can of bear spray and discharged it at the clerk.The man then took cash from the register and ran from the store. He possibly got into a pickup truck and was last seen travelling south on 8th St.The Dawson Creek RCMP are requesting any persons that may have any information on this incident to call their office at 250-784-3700. If you wish to remain anonymous, please call Crime Stoppers at 1-800-222-8477 (TIPS). DAWSON CREEK, B.C. – The Dawson Creek RCMP are looking for a suspect after bear spray was used during a robbery at the 7-Eleven on 8th street.On Thursday, April 19, the Dawson Creek RCMP responded to a report of a robbery at 7-Eleven in the community.The Dawson Creek RCMP were notified that an unknown male, wearing a grey hoodie and blue face mask, entered the 7-Eleven convenience store and demanded cash from the clerk.last_img read more

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Trinamool BJP try to capture party offices in Bengal

first_imgKolkata: With West Bengal’s ruling Trinamool Congress and emerging opposition BJP intensifying their fight ahead of the Lok Sabha elections, capturing and recapturing each other’s party offices have become a regular occurrence. Supporters of the BJP’s Coochbehar candidate Nisith Pramanik, who recently switched to the saffron party from the Trinamool, have allegedly recaptured a “Trinamool-acquired party office” at Bamanhat market in Coochbehar district. Also Read – Bengal family worships Muslim girl as Goddess Durga in Kumari Puja “My association with Trinamool was a sin. The BJP is like the holy Ganges. Our supporters clean the party office with water from the holy river,” he said after taking over the office. BJP supporters alleged that the party office was “built by the party but Trinamool Congress acquired it ahead of last year’s panchayat elections”. Taking a jibe at Pramanik, Trinamool district President Rabindranath Ghosh accused him of being a turncoat. Activists of another former Trinamool leader, Arjun Singh, who has been nominated by the BJP from Barrackpore Lok Sabha constituency, have also painted a Trinamool office on Ghosh Para Road in saffron colour in North 24 Parganas. Singh says the office was built by him. Later, Trinamool Congress “recaptured” the office.last_img read more

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JNU student commits suicide in campus depression suspected

first_imgNew Delhi: A JNU student allegedly committed suicide on Friday by hanging himself from a ceiling fan in a study room of the university.The investigating agency said that the deceased was undergoing some treatment as per preliminary enquiry. They are also probing weather the student was under depression. According to police, they were alerted about the incident on Friday at about 12 pm. A PCR call was received in Vasant Kunj (North) police station regarding the suicide note of a JNU student which was received by a professor. The investigating team reached at the spot which was School of Language. After contacting the caller who was the office in charge of Mahi Mandvi hostel. “He said that he received a message from warden regarding Rishi Joshua Thomas, student of MA 2nd year English language JNU, residing at JNU’s Mahi Mandvi Hostel. In the note, it was written that he is committing suicide,” an investigator said. Police further added that during investigation it was revealed that in the basement of library one room was locked from inside. “On knocking no one responded. From the window Rishi Joshua was seen hanging from the ceiling fan, the door was forcibly opened and the body was taken down by cutting the cable,” added city police press statement. The statement further reads that at the spot a doctor from JNU declared him dead. Later for collecting clues and to further probe the crime, team visited the spot. The body has been shifted to Safdarjung Hospital. “Relatives informed one cousin brother Mathew Varghese also reached JNU. One suicide note mailed to Prof of English language. As per preliminary enquiry, no foul play is suspected. Further investigation is in progress,” police said. The JNU in the press statement said that they express its deep condolences at the untimely demise of an MA student in one of the academic buildings of the university. Police were informed forthwith and the case is being investigated. His body has been sent to the Safdarjung Hospital and his parents have been informed about this unfortunate incident. Police are also probing if it was due to a relationship gone wrong or because of some other reason.last_img read more

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Kevin Love And Kyrie Irving Got Eaten Up Against The Warriors

This has been a playoff-long swoon for Irving, as well: In the regular season, he allowed shooters an eFG% of 50.5; that’s ballooned to 59.2 in the playoffs.Cleveland’s offense had its own problems — in 22 possessions, Andre Iguodala held LeBron James to 1-for-2 shooting — but it’s still a good bet that it’ll course-correct. The bigger concern for the Cavs is that any gains they make from improved shooting will drain out of the holes in their defense. During the regular season, Love gave up 90.3 points per 100 chances as a pick-and-roll defender, which isn’t good; in the playoffs, he’s given up 102.9, which is a calamity. On Thursday night, his screen-and-roll defense came out to 94.1 points per 100 chances, and that’s in the context of Curry and Thompson playing awfully — it’s a bad sign of things to come. The Cavs’ plan for Love defending the pick-and-roll — a big concern before the series — seemed to be having him double-team the ballhandler. But traps only work if you can actually trap the player, and Love’s attempts at doing so led to plays that looked like this: Or this: Stephen Curry and Klay Thompson combined for only 20 points on 8-for-27 shooting in Game 1 of the NBA Finals on Thursday, and yet the Golden State Warriors rolled the Cleveland Cavaliers 104-89 just the same. When something like that happens, there are obvious reasons: Golden State’s bench played out of its mind, and Cleveland’s offense fell in a hole. Those things will probably even out as the series goes on, but the Cavs should be more concerned that, on a night when the Warriors’ biggest guns went quiet, the holes in their defense were already glaring.Coming into the series, the basic bargain of this season’s Cavaliers compared to last year’s was an improved offense producing enough to cover for an inferior defense. The Cavs’ shots didn’t fall in Game 1 as often as they normally do, and a lot of the shots that went in for the Warriors’ bench were absurdities — Leandro Barbosa fading away to his weak-hand baseline isn’t on the scouting report. But Kevin Love and Kyrie Irving, the two Cleveland stars playing in this series who combined to miss all but one game of last season’s Finals, were worked over exactly as expected.On 18 shot attempts in which Irving was the nearest defender, the Warriors had an effective field goal percentage (eFG%) of 66.7, according to data from the NBA’s player-tracking cameras. On the 13 shots in which Love was the nearest defender, the Warriors had an eFG% of 61.5. Both of those numbers are very bad. There’s some margin for error on these plays — for instance, the cameras will sometimes assign a “nearest defender” who is guarding a different offensive player because the shooter’s defender was so badly lost — but the underlying plays looked just as terrible. The Cavs might need to rethink this strategy.Meanwhile, Irving was taken down to the block when he switched onto one of the Warriors’ bigger wings, was back-cut when he lost his man while watching the ball, and was run through screens away from the ball to free up shooters — all stuff we figured would happen this series, but again, a bad sign when it happens with Curry and Thompson out of the picture. read more

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Cristiano Ronaldos future uncertain as he is absent in Real Madrid

first_imgReal Madrid just released the new kits their players will be wearing for the 2018-19 season following their triumph in the Champions League last Saturday but Ronaldo is not seen in the advert.This could be confirming the Portuguese statement after the Champions League match where he told the press that news about his future will be available in days. With this hint from Real, fingers are crossed waiting to know what the star future news will be like with Paris Saint-Germain and Manchester United keeping tabs on the striker.The 33-year-old striker didn’t even appear on the club’s shop on their website, however, Gareth Bale was also seen in the kit launch alongside Marcelo, Karim Benzema, Toni Kroos and defender Nacho Fernandez, as they donned the sleek home and away shirts on Twitter on Tuesday.Bale’s appearance comes as a surprise after the Welshman distanced himself from the club and having been heavily linked with Man Utd for a deal after scoring a match-winning brace against Liverpool.Despite being in the advert, Bale is could still leave Madrid unless he is able to secure more playing time under Zinedine Zidane.Franck Ribery, FiorentinaFiorentina owner: “Ribery played better than Ronaldo!” Andrew Smyth – September 14, 2019 Fiorentina owner Rocco Commisso was left gushing over Franck Ribery’s performance against Juventus, which he rates above that of even Cristiano Ronaldo’s.Check out the new kit launch advert below: You’re nobody until you create ??? Our new home and away kit by @adidasfootball. ? https://t.co/odfWCbsdVu#HalaMadrid #HereToCreate pic.twitter.com/BInQm2Lw4g— #CHAMP13NS ???? (@realmadriden) May 29, 2018last_img read more

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