Latest Lyft Inc News

This photo provided by Lyft shows Lyft’s president John Zimmer.   Lyft scored a major victory when California voters passed Proposition 22, allowing app-based companies to treat drivers as contractors instead of employees and saving the company from what many anticipated would be crippling expenses. (Lyft via AP)

Lyft's Zimmer talks future of workplace, electric vehicles

Nov. 15, 2020 1:00 PM EST

NEW YORK (AP) — Lyft scored a major victory when California voters passed Proposition 22, allowing app-based companies to treat drivers as contractors instead of employees and saving the company from what many anticipated would be crippling expenses. The outcome was viewed as a defeat by labor leaders who...

Fossil, Utz Brands rise; Revolve Group, Southwest fall

Nov. 12, 2020 8:43 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Thursday: Fossil Group Inc., up $1.46 to $7.43 The watch and accessories maker reported a third-quarter profit as it cut costs to offset weak revenue. Tetra Tech Inc., up $3.06 to $118.16 The consulting and engineering services company beat...

People walk past an electronic stock board showing Japan's Nikkei 225 index at a securities firm in Tokyo Thursday, Nov. 12, 2020. Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. (AP Photo/Eugene Hoshiko)

Asian shares slip on faltering hopes for COVID vaccines

Nov. 11, 2020 11:21 PM EST

Stocks fell back across Asia on Thursday after gains for big technology shares pushed most Wall Street benchmarks higher. News of potentially effective vaccines for COVID-19 has been countered by concerns over the logistical challenges of ensuring access to billions of people and over rising caseloads that are...

Lyft, FuboTV rise; Model N, Coherent fall

Nov. 11, 2020 4:20 PM EST

NEW YORK (AP) — Stocks that moved heavily or traded substantially Wednesday: Lyft Inc., up 36 cents to $36.41. The ride-hailing app's latest results showed signs of a recovery. FuboTV Inc., up 38 cents to $16.03. The digital entertainment company reported quarterly sales that were much better than...

Central Florida lands hub for Jetsons-like 'flying cars'

Nov. 11, 2020 3:59 PM EST

ORLANDO, Fla. (AP) — The nation's first regional hub for “flying cars" is being built in central Florida and once completed in five years, the vehicles will be able to take passengers from Orlando to Tampa in a half hour, officials said Wednesday. The Tavistock Development Corp. said it was...

FILE - In this May 27, 2020, file photo, closed businesses line a street in downtown San Francisco.  California voters have rejected a proposal to partially dismantle the state’s cap on property taxes, a move that would have have raised taxes for many businesses in a pandemic-hobbled economy. Since 1978, California has limited tax increases to 2% a year until a property is sold. With prices climbing at a much higher rate, taxpayers who have held homes and businesses for many years pay far less than what the market value would determine. (AP Photo/Ben Margot, File)

California voters reject revamp to property tax system

Nov. 11, 2020 3:23 AM EST

SAN DIEGO (AP) — California voters rejected a proposal to partially dismantle the state’s 42-year-old cap on property taxes, a move that would have have raised taxes for many businesses in a pandemic-hobbled economy. Following Tuesday’s update to the vote count, Proposition 15 had only about...

FILE - In this April 30, 2020, file photo, Kia Neros that are part of the Lyft ride-hailing fleet sit unused in a lot near Empower Field at Mile High in Denver. Lyft is still feeling the pandemic’s severe impact on the ride-hailing industry. But its third-quarter results show signs of a recovery from the previous three months when passengers stayed locked down. (AP Photo/David Zalubowski, File)

Lyft's results show pain but also hope as some riders return

Nov. 10, 2020 6:22 PM EST

NEW YORK (AP) — Lyft is still feeling the pandemic's severe impact on the ride-hailing industry but its third-quarter results show signs of a recovery from the previous three months when passengers stayed locked down. The San Francisco-based company brought in $499.7 million in revenue in the three months...

FILE - In this May 15, 2020 file photo, an Uber sign is displayed inside a car in Chicago.  Uber’s food delivery business brought in more money during the third quarter than its signature rides business. It was a sign of how much consumer behavior has changed, and how far the company has adapted, since the pandemic struck.  (AP Photo/Nam Y. Huh, File)

Uber's food delivery business outshines core rides service

Nov. 5, 2020 6:25 PM EST

NEW YORK (AP) — Uber's food delivery business brought in more money during the third quarter than its signature rides business, showing just how much consumer behavior has changed — and how far the company has adapted — since the pandemic struck. The San Francisco-based ride-hailing company...

A man wearing a face mask walks past a bank's electronic board showing the Hong Kong share index in Hong Kong,, Thursday, Nov. 5, 2020. Asian shares have advanced after stocks rallied on Wall Street as investors embraced the upside of more gridlock in Washington, sending the S&P 500 index up 2.2%.(AP Photo/Kin Cheung)

Asia tracks Wall St rally as markets shrug at election limbo

Nov. 4, 2020 10:55 PM EST

Asian shares advanced Thursday after stocks rallied on Wall Street as investors embraced the upside of more gridlock in Washington, sending the S&P 500 index up 2.2% while the outcome of the U.S. presidential election remained in limbo. Hong Kong's benchmark led the region, gaining 2.4%, while shares also...

FILE - In this Aug. 20, 2020, file photo travelers request an Uber ride at Los Angeles International Airport's LAX-it pick up terminal. Uber, Lyft and other app-based ride-hailing and delivery services prevailed at the ballot box in their expensive gamble to keep drivers classified as independent contractors. Proposition 22 pitted the powerhouses of the so-called gig economy, including DoorDash, Postmates and Instacart, against labor unions. The measure creates an exemption to a state law that would have made drivers eligible for benefits that come with being company employees.  (AP Photo/Damian Dovarganes, File)

Ride-hailing, delivery giants win fight against labor law

Nov. 4, 2020 6:03 PM EST

OAKLAND, Calif. (AP) — App-based companies like Uber, Lyft and Doordash have dodged a potentially devastating blow to their industry by carving out an exemption from a California law that required them to classify their drivers as employees instead of contractors. California voters passed Proposition 22...