Tag Archives: falls

The NCAA experienced a $600 million drop in revenue for the 2020 fiscal year, new documents acquired by USA Today Sports show. It’s due largely in part to the cancelation of the 2020 Division I men’s basketball tournament and shows why the NCAA is pushing forward with the tournament this year. It’s a drop of more than 50 percent in revenue compared to the 2019 numbers. Why did NCAA lose $600 million? Though it had $270 million from event cancelation insurance and spent about $473 million… Source link

Kentucky’s season is not going as planned. (AP Photo/Tony Dejak) One-and-done doesn’t just describe Kentucky’s preferred variety of recruit right now; it also sums up their record. The Wildcats fell to 1-6 on Saturday after a close loss to rival Louisville, falling 62-59 after an attempt at a game-tying 3-pointer from Brandon Boston Jr. clanked off the rim as the buzzer sounded. As a team, Kentucky shot only 34.5 percent from the field. The loss gives Kentucky much more than just the… Source link

Uber (UBER) reported its Q3 2020 earnings after the closing bell on Thursday, beating analysts’ expectations on solid growth from its Eats business. Still, the impact of the ongoing coronavirus pandemic continues to be a concern for Uber’s main Rides business, which fell short of analysts’ forecasts. Here are the most important numbers from the report compared to what analysts were expecting from the company in the quarter, as compiled by Bloomberg. Gross bookings: $14.75 billion versus… Source link

A 13-year-old boy has died after falling 20 stories from the balcony of his New York City apartment.  The young teen, who the New York Post has named as Matthew Pierre, was found unresponsive and shirtless on the ground outside the high-rise building in Manhattan’s Hell’s Kitchen neighbourhood at 6am on Monday (local time). Earlier in the morning the boy had been doing his homework on the 20th-floor apartment’s terrace while his sister and mum were inside, the publication said.  The… Source link

Russia-based search engine Yandex has announced that the acquisition of Tinkoff, worth USD 5.5 billion, has collapsed due to the parties having different views on the matter. Discussions over the potential tie-up, which would have increased competition for Russia’s lender Sberbank and smaller rivals in technology and banking, stalled less than four weeks after they were announced by Tinkoff parent TCS Group Holding. TCS said in a statement it had agreed with Yandex not to proceed… Source link

But Google’s ad sales were picking back up again by the end of the quarter, chief financial officer Ruth Porat said on a conference call. And growth at YouTube and Google’s cloud business continued to be relatively strong. Shares inched higher in extended trading. “We are cautiously encouraged by our results,” Porat said, adding that “it’s premature to say that we’re out of the woods.” Google’s giant advertising business had already begun to slow well before the pandemic…. Source link