Latest Lyft Inc News

WeWork delays its IPO amid tepid investor interest

Sep. 17, 2019 4:03 PM EDT

NEW YORK (AP) — WeWork's parent company put its stock market debut on the backburner Tuesday, struggling to drum up investor enthusiasm for a fast-growing enterprise that spread trendy communal office spaces across the globe while piling up massive losses. The We Company dropped plans to begin a so-called...

Police: Lyft driver arrested on lewd conduct charge

Sep. 17, 2019 3:19 PM EDT

COLCHESTER, Vt. (AP) — Police say a Lyft driver in Vermont has been accused of lewd and lascivious conduct. Colchester police say the driver was transporting a woman from Burlington to Colchester early Saturday. WCAX-TV reports when she complained that the backseat was too cold, the driver allegedly said...

US economy could shrug off oil prices if disruption is brief

Sep. 17, 2019 2:37 PM EDT

DALLAS (AP) — The price of gasoline crept higher after a weekend attack devastated Saudi Arabian oil output, but if the disruption to global supplies is short-lived, the impact on the U.S. economy will probably be modest. Prices spiked Monday by more than 14%, their biggest single-day jump in years, but...

GM and American Airlines fall, Raytheon and Marathon gain

Sep. 16, 2019 4:31 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Friday. General Motors Co., down $1.65 to $37.21 More than 49,000 members of the United Auto Workers went on strike against the automaker. Marathon Oil Corp., up $1.47 to $14.17 Energy stocks climbed after an attack on Saudi Arabia's...

California lawmakers tackled health care, wildfire costs

Sep. 14, 2019 9:31 PM EDT

SACRAMENTO, Calif. (AP) — In their first year with a new governor, California lawmakers passed legislation aimed at guarding against financial harm from wildfires, deterring fatal police shootings and expanding health care to young immigrants living in the country illegally. That's on top of efforts...

Uber stops service at Ontario airport after fee increase

Sep. 14, 2019 11:45 AM EDT

ONTARIO, Calif. (AP) — Uber has stopped its service at Southern California's Ontario International Airport because of fee increases. The ride-hailing company ceased operations at Ontario at one minute after midnight Friday. The San Bernardino Sun says the airport east of Los Angeles recently began charging...

WeWork to list shares on Nasdaq, reduce CEO's voting power

Sep. 13, 2019 4:40 PM EDT

NEW YORK (AP) — WeWork's parent company announced major changes in its corporate governance practices Friday as it revealed plans to list shares on the Nasdaq. The office-sharing company is pressing on with its highly anticipated stock market debut — expected later this month — despite doubts...

CEOs speak out on gun violence, want Congressional action

Sep. 12, 2019 6:10 PM EDT

Big companies have been dipping their toes into America's gun debate for a few years. Now, some are diving in. The CEOS of 145 companies — including Airbnb, Uber, DoorDash, Gap and Twitter — sent a letter to the U.S. Senate Thursday seeking expanded background checks and "red flag" laws, which let...

Uber vows to keep fighting sweeping California labor bill

Sep. 12, 2019 12:01 AM EDT

SACRAMENTO, Calif. (AP) — California lawmakers confronting the changing definition of work have approved sweeping legislation designed to give many contract workers new pay and benefit protections, but tech giants Uber and Lyft vowed to keep fighting the changes, possibly by bankrolling an expensive fight...

Uber vows to keep fighting sweeping California labor bill

Sep. 11, 2019 9:10 PM EDT

SACRAMENTO, Calif. (AP) — California lawmakers confronting the changing definition of work approved sweeping legislation Wednesday designed to give many contract workers new pay and benefit protections, but tech giants Uber and Lyft vowed to keep fighting the changes, possibly by bankrolling an expensive...