News That Matters

Tag: profit

Pornhub owners ‘profit from revenge porn’

Pornhub owners ‘profit from revenge porn’

Technology
Media playback is unsupported on your device The owners of porn streaming site Pornhub are profiting from "revenge porn" and failing to remove videos once reported, BBC News has been told.One woman, "Sophie", said she felt "violated" after a video featuring her was viewed hundreds of thousands of times when it was uploaded online.Campaign group #NotYourPorn said such content allowed Pornhub owners MindGeek to make greater advertising revenues.Pornhub said it "strongly condemns" revenge porn.It added it had "the most progressive anti-revenge-porn policy in the industry".It said it could not find "any record of any email" from Sophie asking for the videos featuring her to be taken down, but was now in touch with her and "looking forward to solvi...
Uber shares tumble as profit figures disappoint Wall Street

Uber shares tumble as profit figures disappoint Wall Street

Technology
Uber's shares went into reverse on Thursday after the taxi-hailing company unveiled profit figures that failed to live up to expectations.Revenue growth slowed in face of heavy competition, leading to the company posting its largest quarterly loss.Uber and its rivals are spending heavily to expand, but boss Dara Khosrowshahi said that the competitive pressures are easing.But that didn't stop Uber's share price tumbling 13% in after-hours trading.On Wednesday, rival Lyft reported figures that were generally welcomed on Wall Street, and there was an expectation that Uber would also post positive numbers.But Uber's loss widened to $ 5.2bn (£4.3bn) in the three months to 30 June, from $ 878m in the quarter last year. The figures reflected $ 3.9bn of share-bas
Apple profit falls 13% amid stalling iPhone sales

Apple profit falls 13% amid stalling iPhone sales

Technology
By Wale Azeez, business reporter The continued drop in sales of Apple's flagship iPhone has weighed on its latest earnings, dragging quarterly profits down 10% to $ 13bn.iPhone sales fell 12% in the quarter to $ 25.06bn. The drop is highly significant for the world's largest technology manufacturer because it derives more than half of its total revenues from the device - launched 12 years ago.This comes as customers hold on to their smartphones for longer, and competition from rivals in China offering cheaper, feature-rich handsets eats into Apple's market share.China's slowing economy also hurt Apple, where the tech giant generates around 20% of its revenue. Advertisement ...
Balance between maximising profit and minimising time needed in resolution process

Balance between maximising profit and minimising time needed in resolution process

Finance
By Taponeel MukherjeeAs news regarding recapitalisation of Public Sector Banks (PSBs) and the need to improve credit availability come to the fore, one crucial issue that is assuming increasing importance is the need to maximise the "time value of money" of loans by ensuring faster resolution of credit issues. An effective resolution of non-performing assets (NPA) requires the balancing of two aspects of loan recovery value maximisation, i.e., a higher recovery amount and a quicker recovery process. In an ideal scenario, a lender would wish to maximise the value of the loan recovered, and yet achieve this in quick time. However, in reality, the two factors usually work in opposite directions. A focus purely on maximising the actual loan recovery amount can lead to situations whereby the le...
Lloyds profit flat as it warns on Brexit impact

Lloyds profit flat as it warns on Brexit impact

Business
By John-Paul Ford Rojas, business reporter Lloyds Banking Group has reported flat profits for the start of the year as it swallowed £565m in one-off costs and warned Brexit could take a further toll on the UK economy.Britain's biggest mortgage lender said it made a pre-tax profit of £1.6bn for the first quarter, little changed on a year ago. The group, which owns Lloyds Bank as well as Halifax Bank of Scotland, said the size of its loan book shrank 1%, including a £4.9bn decline in overall home loans assets. Image: Chief executive Antonio Horta-Osorio warned Brexit uncertainty could have a further impact However, there were improvements for car finance and small business lending.Shares fell 2% in early tr