Latest Uber Technologies Inc News

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...

Roller skating evolves into dance, acrobatics, a lifestyle

Aug. 17, 2019 9:17 AM EDT

PITTSBURGH (AP) — Every Thursday night at the Neville Roller Drome, the Steel City Rollers and other skaters flow out on the floor, some of them performing dance moves, others practicing in a synchronized line. The 14-member group of African American skaters is a vibrant part of a disappearing pastime....

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...

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 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...