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Business

Uber sets terms for IPO, posts $1 billion first-quarter loss

Ride-hailing company Uber Technologies Inc is aiming for a valuation of up to $91.5 billion in its initial public offering, potentially the largest U.S. listing in years and a test of investor appetite for a high-growth but highly unprofitable business.

Business Video

U.S. opens criminal probe into Ford emissions certification

The U.S. Justice Department has opened a criminal investigation into Ford Motor Co's emissions certification process in the United States, the automaker disclosed on Friday, saying it was cooperating fully with the probe and still conducting its own internal review.

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