Latest Uber Technologies Inc News

Trump, G-7 leaders to open summit focused on world economy

Aug. 22, 2019 6:19 PM EDT

WASHINGTON (AP) — President Donald Trump and other leaders of the world's most industrialized nations will open their annual G-7 summit over the weekend by discussing the global economy. White House officials said Thursday that the session was added to Sunday's schedule at the last minute at Trump's...

Uber to open regional hub in Dallas, resulting in 3,000 jobs

Aug. 20, 2019 3:38 PM EDT

DALLAS (AP) — Uber will receive a $24 million incentive package from Texas officials and open a new administrative hub in Dallas, bringing with it about 3,000 jobs, Gov. Greg Abbott announced Tuesday. The offices that will open in the historic Deep Ellum section of Dallas will house various corporate...

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...

Trump claims credit for Shell plant announced under Obama

Aug. 13, 2019 6:49 PM EDT

MONACA, Pa. (AP) — President Donald Trump sought to take credit Tuesday for a major manufacturing complex in western Pennsylvania in his latest effort to reinvigorate the Rust Belt support that sent him to the White House. He was cheered on by fluorescent-vest-clad workers who were paid to attend by Shell,...

Man accused of killing woman and wounding another in Sydney

Aug. 13, 2019 9:13 AM EDT

SYDNEY (AP) — A knife-wielding man with a history of mental illness is suspected of slaying a woman in a downtown Sydney apartment with a butcher's knife before wounding another woman nearby and attempting to stab other people Tuesday while yelling "Allahu akbar," or "God is great," police and witnesses...

Colombia antitrust regulator fines Uber for blocking probe

Aug. 12, 2019 9:08 PM EDT

BOGOTA, Colombia (AP) — Colombia's antitrust regulator is fining ride-sharing app Uber $625,000 for allegedly obstructing an investigation into its operations in the country. Three executives were also fined. The action on Monday stems from a 2017 inspection of the company's office in Bogota. Regulators...

Why many employees feel devalued even in booming job market

Aug. 12, 2019 11:09 AM EDT

PROVIDENCE, R.I. (AP) — Ken White had a good job at a credit card processor for 22 years, but he was laid off in the Great Recession. Today, at 56, White does similar work. Yet everything feels different. He's a contractor for a technology services firm that assigns him to manage tech projects for a...

Why many employees feel devalued even in booming job market

Aug. 12, 2019 10:50 AM EDT

PROVIDENCE, R.I. (AP) — For more than two decades, Ken White worked at a credit card processor. It was a good job, but it fell victim to the Great Recession. Today, at 56, White does similar work managing technology projects for a regional bank. And yet everything feels different. He is a contractor for a...

Uber's Deng talks post-airport food delivery, stress relief

Aug. 11, 2019 1:01 PM EDT

NEW YORK (AP) — Uber began as a ride-hailing company, but its ambition to become the "Amazon of transportation" has pushed its leaders to experiment with bus fleets, transit and its growing food delivery business. Peter Deng, who spent nearly a decade at Facebook before joining Uber Technologies Inc.,...