Taxi-hailing company Uber has completed a $1bn funding round, raising cash from Microsoft and other companies. The US firm has also been backed by the investment arm of India's Bennett Coleman & Co, according to the WSJ.
Wall Street ended on a sour note on Friday as a drop in energy stocks eclipsed wage data that supported expectations that the U.S.
WASHINGTON The International Monetary Fund can only approve new loans for Greece after Athens reaches an agreement with European governments that would ensure it can pay its debts, an IMF official said on Thursday.
The bank's failure played a major part in forcing the government to seek help from the EU and IMF. Photograph: Peter Muhly/AFP/Getty Images.
Microsoft has agreed to invest in Uber, according to people with knowledge of the matter, as part of a funding round that values the ride-hailing company at more than $50 billion.