Investing and Transactions

Uber gets IPO valuation; top US cities for jobs

Morning Business Outlook: Uber has reportedly received proposals from Wall Street banks valuing the company at as much as $120 billion in an initial public offering; job posting site Glassdoor ranks Pittsburgh as the best large metro area in the U.S. for jobs in 2018.

Big pharma pushes back; huge lottery jackpots

Morning Business Outlook: The pharmaceutical industry pushes back on a Trump administration plan that would require drug makers to list the prices for most drugs in television ads; Mega Millions, Powerball jackpots near $1 billion in combined winnings.

Sears files for bankruptcy; Walmart agrees to settle lawsuit

Fox Business Briefs: Struggling retailer Sears files for chapter 11 bankruptcy protection while issuing a statement saying they intend to stay in business and keep profitable stores open along with its e-commerce sites; Walmart reaches preliminary agreement to pay $65 million to settle a class-action lawsuit from 100,000 California-based cashiers who accused the store of failing to provide seating during their shifts.

Mortgage rates climb; deadline for future Tesla owners

Fox Business Briefs: Home buyers are facing another challenge. Not only are home prices high because of low inventory, now mortgage rates are reaching 5 percent, their highest rate in more than seven years; deadline is approaching for car buyers who want the federal tax credit on a Tesla.