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SEC can pursue lawsuit against Medallion Financial, US judge rules

BRIEF-SEC can pursue lawsuit against Medallion Financial, US judge rules Sept 18 (Reuters) - Sec alleged a scheme to inflate medallion's stock price by posting positive stories about the company online, even as medallion's loan portfolio weakened amid pressure from uber and lyft u.s. Judge refuses to dismiss sec lawsuit against medallion financial, which makes loans backed by taxicab medallions, court papers show u.s.
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Oracle shares pare gains as analysts weigh over $100 billion fiscal 2029 revenue forecast

UPDATE 1-Oracle shares pare gains as analysts weigh over $100 billion fiscal 2029 revenue forecast Shares rise 1.9% Oracle forecasts FY29 revenue to be $104 billion Raises fiscal 2026 revenue outlook Adds analyst comment in paragraphs 3 and 4, updates shares By Jaspreet Singh Sept 13 (Reuters) - Oracle ORCL.N shares pared most of their gains on Friday after spiking nearly 8%, with some analysts expressing reservations about the company's forecast of crossing $100 billion in revenue in fiscal 202
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Oracle shares rise as it expects to cross $100 billion in fiscal 2029 sales

Oracle shares rise as it expects to cross $100 billion in fiscal 2029 sales Shares rise more than 6% in premarket trading Oracle forecasts FY29 revenue to be $104 billion Raises fiscal 2026 revenue outlook Sept 13 (Reuters) - Oracle ORCL.N shares rose more than 6% in premarket trading on Friday after the company said it expects to cross $100 billion in revenue in fiscal 2029, as the popularity of AI drives demand for its cloud services.
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Lyft Inc Announced A Restructuring Plan

BRIEF-Lyft Inc Announced A Restructuring Plan Sept 4 (Reuters) - Lyft Inc LYFT.O : LYFT INC: ANNOUNCED A RESTRUCTURING PLAN LYFT INC: PLAN INVOLVES DISPOSAL OF CERTAIN ASSETS RELATED TO BIKES AND SCOOTERS OPERATIONS AND TERMINATION OF APPROXIMATELY 1% OF COMPANY'S EMPLOYEES LYFT INC: EXPECTS THAT CHARGES WILL BE INCURRED PRIMARILY IN Q3 OF 2024 LYF
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Lyft to pull the plug on dockless bikes, scooter operations in restructuring drive

UPDATE 3-Lyft to pull the plug on dockless bikes, scooter operations in restructuring drive Recasts paragraph 1, adds details in paragraphs 3-5 Sept 4 (Reuters) - Lyft LYFT.O will stop offering standalone dockless bikes and scooters and eliminate some jobs as part of a restructuring to cut costs, the ride-share service provider said on Wednesday. The company, which operates the Citibike service in New York City and similar rental programs in other U.S.
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Lyft to sell some bike, scooter assets, lay off 1% of employees

Lyft to sell some bike, scooter assets, lay off 1% of employees Sept 4 (Reuters) - Ride-sharing platform Lyft LYFT.O said on Wednesday it will dispose some assets related to bikes and scooters and lay off 1% of its employees. Reporting by Akash Sriram in Bengaluru; Editing by Krishna Chandra Eluri
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Lyft And Payfare Announce Launch Of New Features For The Lyft Direct Debit Card And Banking App

BRIEF-Lyft And Payfare Announce Launch Of New Features For The Lyft Direct Debit Card And Banking App Aug 27 (Reuters) - Lyft Inc LYFT.O : LYFT AND PAYFARE ANNOUNCE LAUNCH OF NEW FEATURES FOR THE LYFT DIRECT DEBIT CARD AND BANKING APP Source text for Eikon: ID:nCNWjdB7ta Further company coverage: LYFT.O
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Street View: Lyft's long-term prospects remain uncertain

BUZZ-Street View: Lyft's long-term prospects remain uncertain ** Lyft LYFT.O on Wednesday forecast Q3 revenue and adjusted core profit below estimates ** Shares up 1.65% at $9.23 premarket ** Co reported better-than-expected Q2 revenue; posted net profit for the first time FOCUS ON PRICING INITIATIVES ** Truist Securities ("hold", PT: $13) says LYF
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U.S. STOCKS Abbott Laboratories, Medtronic, Axon

BUZZ-U.S. STOCKS ON THE MOVE-Abbott Laboratories, Medtronic, Axon Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 Wall Street's main indexes advanced on Wednesday, aided by a dovish turn by Japan's top policymaker after a surprise interest rate hike last week which partly sparked heavy volatility in global markets.
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Lyft Inc reports results for the quarter ended in June - Earnings Summary

Lyft Inc reports results for the quarter ended in June - Earnings Summary Lyft Inc LYFT.OQ reported quarterly adjusted earnings of 24 cents​​ per share for the quarter ended in June, higher than the same quarter last year, when the company reported EPS of 16 cents. The mean expectation of thirty four analysts for the quarter was for earnings of 19 cents per share.
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U.S. STOCKS Ralph Lauren, Illumina, Disney

BUZZ-U.S. STOCKS ON THE MOVE-Ralph Lauren, Illumina, Disney Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures jumped on Wednesday as risk appetite returned after a steep selloff earlier in the week, and cautious comments on interest-rate hikes by an influential Bank of Japan policymaker.
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U.S. STOCKS Walt Disney, SpringWorks, Shopify

BUZZ-U.S. STOCKS ON THE MOVE-Walt Disney, SpringWorks, Shopify Eikon search string for individual stock moves: STXBZ The Day Ahead newsletter: https://refini.tv/3LI4BU7 The Morning News Call newsletter: https://refini.tv/3dKUyB8 U.S. stock index futures jumped on Wednesday as risk appetite returned after a steep selloff earlier in the week, with sentiment also getting a boost from cautious comments on interest-rate hikes by an influential Bank of Japan policymaker.
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Lyft down after downbeat Q3 profit, gross booking forecasts

BUZZ-Lyft down after downbeat Q3 profit, gross booking forecasts ** Shares of ride-share firm Lyft LYFT.O fall 6.2% to $10.12 in premarket trading ** LYFT forecasts Q3 gross bookings between $4.0 billion and $4.1 billion vs estimates of $4.13 billion - LSEG data ** Sees Q3 adjusted core profit between $90 mln to $95 mln, vs est of $104.3 mln ** Co
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Lyft's soft forecast fans worries of losing ground to Uber, shares tank

UPDATE 4-Lyft's soft forecast fans worries of losing ground to Uber, shares tank Recasts and adds details in paragraphs 1-4, analyst comment in paragraph 5 By Yuvraj Malik Aug 7 (Reuters) - Lyft's LYFT.O shares tanked 16% on Wednesday after a soft forecast for the key summer quarter stirred worries that it may be losing ground to rival Uber UBER.N . Shares fell to an eight-month low of $9.20 in early trading, setting Lyft on track to lose over $700 million in stock market value.
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Lyft Q2 Revenue USD 1,400 Million Vs. IBES Estimate USD 1,385 Million

BRIEF-Lyft Q2 Revenue USD 1,400 Million Vs. IBES Estimate USD 1,385 Million Aug 07 (Reuters) - Lyft Q2 gross bookings USD 4,000 million. Q2 adjusted EBITDA USD 102.9 million Q2 adjusted EBITDA margin 2.6% Q2 net income USD 5 million
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Lyft posts maiden net profit in second quarter

Lyft posts maiden net profit in second quarter Aug 7 (Reuters) - Lyft LYFT.O reported better-than-expected revenue in the second quarter and posted a net profit for the first time on Wednesday, driven by a booming ride-share market and company-wide cost cuts last year. The company's quarterly report, after rival Uber's UBER.N strong results on Tuesday, underscores steady demand for ride-share services buoyed by summertime tourism and as people step out more for work and leisure events.
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What to Watch in the Day Ahead - Wednesday, August 7

What to Watch in the Day Ahead - Wednesday, August 7 The Day Ahead is an email and PDF publication that includes the day's major stories and events, analyses and other features. To receive The Day Ahead, Eikon users can register at DAY/US . Thomson One users can register at RT/DAY/US. All times in ET/GMT Walt Disney is scheduled to report a rise in third-quarter revenue, helped by strong performance of animated releases such as "Inside Out 2." Separately, Warner Bros Discovery is expected to rep
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Uber's second-quarter results beat on ride-sharing demand

UPDATE 2-Uber's second-quarter results beat on ride-sharing demand Updates shares in paragraph 1; adds details on results in paragraph 4, analyst comment in paragraph 10 By Yuvraj Malik Aug 6 (Reuters) - Uber's UBER.N second-quarter results beat Wall Street estimates on the back of steady demand for its ride-sharing and food-delivery services, sending the company's shares up 5% on Tuesday.
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Uber's second-quarter revenue beats on ride-sharing demand

Uber's second-quarter revenue beats on ride-sharing demand Aug 6 (Reuters) - Uber UBER.N beat Wall Street estimates for second-quarter revenue and core profit on Tuesday, helped by steady demand for its ride-sharing and food-delivery services. With more people returning to offices and stepping out of their homes, ride-sharing demand has got a boost over the past several months benefiting companies such as Uber and rival Lyft LYFT.O .
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Fearing 'endless loop' of mistrials, judge tosses Uber driver classification case

UPDATE 1-Fearing 'endless loop' of mistrials, judge tosses Uber driver classification case Adds Uber statement in paragraphs 7-8 By Daniel Wiessner July 30 (Reuters) - A federal judge in Philadelphia on Tuesday dismissed a long-running lawsuit accusing Uber Technologies of misclassifying drivers as independent contractors rather than its employees, saying a third trial would be futile after two separate juries deadlocked.
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