Business Quick Take
AstraZeneca upbeat on profit
AstraZeneca PLC Thursday forecast revenue growth for this year after the COVID-19 vaccine developer beat analysts’ estimates for fourth-quarter product sales, as a wide range of therapies helped cushion the hit from the pandemic. It expects this year’s revenues to increase by a low teens percentage, with “faster growth” in core earnings to US$4.75 to US$5 per share. Quarterly product sales of US$7.01 billion surpassed a company-compiled consensus of US$6.81 billion. The London-listed company said its forecast did not include any impact from its COVID-19 vaccine. BANKING
Commerzbank sees shrinkage
Commerzbank AG said it will probably see revenue shrink “slightly” this year as it embarks on its third restructuring effort in five years under a new leadership. Revenue in the last three months of last year declined 6.6 percent, according to an earnings release yesterday. It recorded a quarterly loss of 2.7 billion euros
By Tina Bellon (Reuters) - Walgreens and Uber Technologies Inc on Tuesday said they will team up to provide educational programs and free transportati.
Uber appeals US$59 million California fine over sexual assault data request Toggle share menu
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Uber appeals US$59 million California fine over sexual assault data request Uber Technologies Inc on Wednesday appealed a US$59 million fine by a California regulator in a dispute over whether the company should share detailed information on sexual assault and harassment claims reported on its ride-hailing platform.
FILE PHOTO: An Uber logo is seen in Redondo Beach, Los Angeles, California, U.S., November 2, 2020. REUTERS/Lucy Nicholson/File Photo
13 Jan 2021 10:10PM Share this content
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REUTERS: Uber Technologies Inc on Wednesday appealed a US$59 million fine by a California regulator in a dispute over whether the company should share detailed information on sexual assault and harassment claims reported on its ride-hailing platform.
By Tina Bellon (Reuters) - Uber Technologies Inc on Wednesday appealed a $59 million fine by a California regulator in a dispute over whether the company should share detailed information on sexual assault and harassment claims reported on its ride-hailing platform. The California Public Utilities Commission (CPUC) fined Uber in December after the company refused to share the information, including full names and contact information, arguing that doing so would violate victims rights to privacy. On Monday, an anti-sexual abuse group also appealed the decision and supported Uber s transparency and commitment to protecting survivors. Uber s Chief Legal Officer Tony West said during a Tuesday interview that no regulator had previously asked Uber for personally identifiable information of sexual assault victims, and said the CPUC had not disclosed why it needed the data.