Sweden’s Securitas reported on Tuesday a rise in core profit that matched expectations, driven by its technology and solutions business, but saw sharply weaker cash flow year-on-year, sending the company’s shares down 7%.
Big Tech firms will face new European Union rules to clearly label political advertising on their platforms, who paid for it and how much and which elections are being targeted, ahead of important votes in the bloc next year.
Uber Technologies forecast fourth-quarter adjusted core profit and gross bookings above market expectations on Tuesday, betting that the holiday season would boost demand for its ride-hailing and food-delivery services.
WeWork’s $3 billion debt for equity swap deal with its creditors marks the latest effort by top shareholder SoftBank to revive the troubled office-space provider and recoup some of the billions it has invested.
U.S. homebuilder D.R. Horton Inc reported fourth-quarter results above Wall Street estimates on Tuesday, benefiting from elevated property prices as inventory of previously possessed homes remained at historic lows.