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February 22, 2020
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Reuters - Business

Uber closing office in downtown Los Angeles

Reuters
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Uber Technologies Inc (UBER.N) is closing its office in downtown Los Angeles, where......
Reuters - Business

Uber says it is closing office in downtown Los Angeles

Reuters
FILE PHOTO: A screen displays the company logo for Uber Technologies Inc on the day of its IPO at the New York Stock Exchange (NYSE) in New York, U.S., May 10, 2019. REUTERS/Brendan McDermid/File Photo (Reuters) – Uber Technologies Inc (UBER.N) said late on Tuesday that it was closing its......
New York Post

Democrats’ big Bernie Sanders headache and other commentary

NYPost
New York Post – For more and to sign up click here Iconoclast: Dems’ Big Bernie Headache While the Democratic Party’s hard-left wing “remains united in favor of” Bernie Sanders, notes The Week’s Matthew Walther, “the larger moderate one remains split, not quite evenly, between Pete Buttigieg, Amy Klobuchar, Elizabeth......
Reuters - Business

Judge denies Uber’s, Postmates’ request to halt California gig worker law

Reuters
(Reuters) – A U.S. judge on Monday rejected a request by Uber Technologies Inc and courier services provider Postmates Inc to block a California labor law from taking effect, saying the bill’s public benefits outweighed the companies’ concerns. FILE PHOTO – The company logo for Uber Technologies Inc is seen......
Reuters - Business

Uber and Lyft take different roads in search of profit

Reuters
NEW YORK (Reuters) – Uber Technologies Inc (UBER.N) and Lyft Inc (LYFT.O), the two leading U.S. ride-hailing companies, are on divergent paths as Uber pours money into money-losing side businesses while smaller rival Lyft focuses on moving people around. FILE PHOTO – A banner announcing the IPO of Uber Technologies......
Reuters - Business

Uber sees profit by end of 2020, but still expects full-year loss

Reuters
(Reuters) – Uber Technologies Inc (UBER.N) on Thursday moved forward by a year its target to achieve a measure of profitability to the fourth quarter of 2020, but the ride-hailing company still expects to lose a total of more than $1 billion this year. Uber shares were up 5% in......
Reuters - Business

Uber wins appeal in Brazil, court says drivers are not employees

Reuters
FILE PHOTO: An Uber pick-up location is pictured in San Diego, California, September 30, 2019. REUTERS/Mike Blake/File Photo SAO PAULO (Reuters) – A superior labor court in Sao Paulo state ruled on Wednesday that there is no employment relationship between Uber and its drivers, siding with the ride hailing company......
Reuters - Business

Uber ready to take dispute with Colombia to international arbitration

Reuters
A billboard that reads “Goodbye Colombia, A solution for Uber now” is seen in Bogota, Colombia, January 30, 2020. Picture taken January 30, 2020. REUTERS/Luisa Gonzalez BOGOTA (Reuters) – Uber has told the Colombian government it is considering taking its dispute with the Andean country to international arbitration, the company’s......
Reuters - Business

Judge dismisses defunct startup Sidecar’s 2018 lawsuit against Uber

Reuters
FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. Picture taken December 12, 2019. REUTERS/Luisa Gonzalez/File Photo (Reuters) – Uber Technologies Inc (UBER.N) on Tuesday prevailed in a lawsuit accusing it of driving a smaller rival out of business through predatory pricing and other......
Reuters - Business

Uber cuts losses from Eats business in India with sale to Zomato

Reuters
BENGALURU (Reuters) – Uber (UBER.N) has sold its loss-making online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s Ant Financial. FILE PHOTO: An Uber Eats food delivery courier walks with a bicycle in central Kiev, Ukraine September 9,......
Reuters - Business

Uber sells Indian food delivery arm to Ant Financial-backed Zomato

Reuters
FILE PHOTO: An Uber Eats food delivery courier walks with a bicycle in central Kiev, Ukraine September 9, 2019. REUTERS/Valentyn Ogirenko (Reuters) – Uber (UBER.N) has sold its online food-ordering business in India to local rival Zomato in exchange for a 9.99% stake in the startup backed by China’s Ant......
CNBC Business

Why companies like Google, Facebook and Uber pay hackers millions

CNBC
CNBC – For more and to sign up click here The term “hacker” generally brings to mind a lonesome, hooded figure, operating in the dark, stealing our money or personal information. But the past decade has given us reason to rethink this stereotype. A new type of hacker is on......
Reuters - Business

Uber to take exit ramp in Colombia after ‘arbitrary’ court ruling

Reuters
FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. Picture taken December 12, 2019. REUTERS/Luisa Gonzalez BOGOTA (Reuters) – Uber Technologies Inc (UBER.N) will stop operating in Colombia at the end of this month, following a court order late last year which the ride-hailing......
Reuters - Business

Uber to take exit ramp in Colombia after ‘arbitrary’ court ruling

Reuters
FILE PHOTO: Uber’s logo is pictured at its office in Bogota, Colombia, December 12, 2019. Picture taken December 12, 2019. REUTERS/Luisa Gonzalez BOGOTA (Reuters) – Uber Technologies Inc (UBER.N) will stop operating in Colombia at the end of this month, following a court order late last year which the ride-hailing......
Reuters - Business

Waymo secures bigger award against workers who went to rival Uber

Reuters
SAN FRANCISCO (Reuters) – Alphabet Inc’s Waymo said on Thursday that arbitrators had finalized a judgment of $128 million, plus undisclosed legal costs and interest, against two former employees who went to rival Uber Technologies Inc. FILE PHOTO: A Waymo Chrysler Pacifica Hybrid self-driving vehicle is parked and displayed during......
Reuters - Business

Uber stops upfront ride pricing in response to California worker law

Reuters
NEW YORK (Reuters) – Uber Technologies Inc on Wednesday informed its California customers that it would switch to providing estimates as opposed to fixed prices for its rides in response to a new law that makes it harder to qualify its drivers as contractors. FILE PHOTO: The Logo of taxi......
Reuters - Business

Uber partners with Hyundai on electric air taxi

Reuters
SEOUL (Reuters) – U.S. ride-hailing company Uber Technologies Inc (UBER.N) and South Korean automaker Hyundai Motor (005380.KS) have teamed up to develop electric air taxis, joining the global race to make small self-flying cars to ease urban congestion. FILE PHOTO: The logo of Hyundai Motor is pictured at the second......
Reuters - Business

Uber, Hyundai Motor team up to develop electric air taxi

Reuters
FILE PHOTO: The logo of Hyundai Motor is pictured at the second media day for the Shanghai auto show in Shanghai, China April 17, 2019. REUTERS/Aly Song/File Photo SEOUL (Reuters) – U.S. ride-hailing company Uber Technologies Inc (UBER.N) and South Korean automaker Hyundai Motor (005380.KS) plan to jointly develop electric......
CBS US News

Judge halts California “gig economy” law from taking effect for truckers

CBS News
A federal judge has temporarily blocked a new California labor law from impacting more than 70,000 independent truckers. The law, passed late last year, makes it harder for companies to classify workers as independent contractors instead of employees, who are entitled to minimum wage and benefits such as workers compensation.......

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