October 16, 2018 icon depicting Clear weather 81°F
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$120-billion valuation for Uber is floated as it and Lyft race toward IPOs

Uber and Lyft are solidifying plans for initial public offerings next year, when a wide pool of investors will decide what the money-losing ride-hailing companies are actually worth. Sources said Morgan Stanley and Goldman Sachs told Uber it could be valued at about $120 billion.

Netflix shares jump 15% after streaming giant posts strong profits

Netflix Inc. shares jumped 15% in after-hours trading after the company reported better than expected third-quarter profits.

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