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Lyft fills in some blanks, but not the big one

Lyft Inc. filled in a few blanks about its closely watched initial public offering. The company can’t answer the essential question of whether its business is viable or what price investors should put on the company’s potential and its pitfalls. First, the new hard numbers. Lyft disclosed in an amended investor document that it plans to sell about 30.8 million ...

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India’s stocks rally clouded by fog of war

It’s amazing what a bit of chest-beating and military posturing can do. India’s war of words with and air strikes on Pakistan have reinvigorated the re-election campaign of Prime Minister Narendra Modi. Opinion polls (if you believe them) are predicting a bigger margin of victory for Modi’s National Democratic Alliance than they were two months ago. A creeping skepticism that ...

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Europe is preparing for the end of Theresa May

Europe is no stranger to last-ditch emergency summits in which 28 countries try to patch up their differences in the face of a crisis, or on the brink of a meltdown, or at the precipice of disaster – whichever way you choose to phrase it. The only unknown is at which ungodly hour bleary-eyed officials will emerge with a solution. ...

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