Latest Lyft Inc News

Mayor: Show extra love at Portland businesses after protests

Aug. 22, 2019 8:05 AM EDT

PORTLAND, Ore. (AP) — The City of Portland, the Portland Business Alliance, Travel Portland and more are offering deals and free parking downtown this weekend in an effort to generate some of the revenue lost during last weekend's political protests. The Oregonian/OregonLive reports the Portland Business...

Where'd all the stocks go? Nasdaq's CEO on shrinking market

Aug. 19, 2019 12:45 PM EDT

NEW YORK (AP) — The stock market is a much less crowded party than it used to be. In the late 90s, when a bevy of hot dot-com companies were rushing to sell their shares on public markets, investors had more than 7,500 U.S. stocks to choose from. The dot-com bust culled many of those stocks, though, and...

WeWork reveals rapid growth and massive losses ahead of IPO

Aug. 14, 2019 4:03 PM EDT

NEW YORK (AP) — WeWork's parent company gave investors the most detailed look yet at its finances Wednesday, revealing breakneck growth on the back of massive losses as the office-sharing company prepares for a highly anticipated debut on the stock market. Founded as a co-working space in Manhattan in...

Lyft fined for not alerting Chicago about suspended driver

Aug. 13, 2019 7:54 PM EDT

CHICAGO (AP) — Ride-share company Lyft will pay a $10,000 fine for not alerting the city of Chicago about a suspended driver who was working for Uber when he allegedly killed a cab driver. Lyft admitted it violated Chicago municipal code requiring ride-share companies to notify the city when they...

Uber to stop service at Ontario airport after fee increase

Aug. 12, 2019 10:33 AM EDT

ONTARIO, Calif. (AP) — Uber says it's stopping its service at Southern California's Ontario International Airport because of fee increases. KABC-TV reported Sunday that the airport east of Los Angeles now charges the ride-hailing company $4 for a pickup and $4 for a drop-off. The new fees went into effect...

Vaccines, guns, housing bills await California Legislature

Aug. 11, 2019 11:28 AM EDT

SACRAMENTO, Calif. (AP) — California lawmakers return to work on Monday with one month left to pass bills before adjourning for the year. The Legislature was busy before the July recess, passing a $214.8 billion operating budget and setting up funds to pay future wildfire victims and clean up drinking...

Traffic congestion rising to top of Beacon Hill to-do list

Aug. 10, 2019 12:14 PM EDT

BOSTON (AP) — Beacon Hill leaders are increasingly focusing on the struggles faced by Massachusetts residents trying to navigate the state's clogged roads and troubled public transit system. Anyone who's tried to get to work, school or the grocery store — whether by car, bus, commuter rail, subway...

More ride-hailing requirements become law in North Carolina

Aug. 9, 2019 6:04 PM EDT

RALEIGH, N.C. (AP) — North Carolina has a new law focused on ride-hailing companies like Uber and Lyft that supporters contend will improve safety for both passengers and drivers. Gov. Roy Cooper said Friday that he's signed a bill that cleared the General Assembly unanimously last month. The bill's...

Stocks fall again on trade-war worries, capping a wild week

Aug. 9, 2019 5:05 PM EDT

NEW YORK (AP) — Stocks stumbled Friday as worries flared yet again that President Donald Trump's trade war with China may be worsening. It was a fitting end to a wild week where markets zoomed down, up and down again as investors recalibrated by the minute how much the tensions will hurt the global...

Asian shares rise following broad rally for US stocks

Aug. 8, 2019 10:56 PM EDT

TOKYO (AP) — Asian shares rose Friday as investors bought back stocks following gains on Wall Street, although worries about a trade dispute between the U.S. and China remained. Japan's benchmark Nikkei 225 added nearly 0.6% in morning trading to 20,706.95. Australia's S&P/ASX 200 gained 0.2% to...