Latest Uber Technologies Inc News

Despite defections, Facebook officially launches Libra

Oct. 14, 2019 6:51 PM EDT

NEW YORK (AP) — Facebook officially moved forward with its plans Monday to create a new digital currency called Libra, despite several high-profile defections from the project and intense criticism from U.S. regulators and politicians. The Libra Association, the nonprofit that will govern the currency,...

Man struck, killed after jumping out of Uber on LA freeway

Oct. 14, 2019 2:41 PM EDT

LOS ANGELES (AP) — Authorities say an Uber rider was struck and killed by a California Highway Patrol car on a Los Angeles freeway when he jumped out of the ride-share vehicle during a physical fight with another passenger. The incident before dawn Monday on U.S. 101 caused a massive traffic jam. CHP...

Uber lays off 350 employees in Eats, autonomous vehicles

Oct. 14, 2019 2:35 PM EDT

NEW YORK (AP) — Uber is laying off 350 employees from its food delivery, autonomous vehicles, safety, insurance and other teams. The move is the latest in a string of staff reductions at the ride-hailing giant since its ill-fated initial public offering. CEO Dara Khosrowshahi said in an email to employees...

Police: Man used Uber to transport meth in Utah

Oct. 12, 2019 1:41 PM EDT

PROVO, Utah (AP) — An Uber passenger in Utah is facing charges after police say he used the ride-hailing service to transport nearly 11 pounds of methamphetamine. The Provo Daily Herald reports Edgar Esteban Ramos Valdez was arrested Friday following a confrontation with a Provo, Utah, officer who spotted...

Visa, Mastercard shun Facebook's Libra digital currency plan

Oct. 11, 2019 6:54 PM EDT

NEW YORK (AP) — Visa and Mastercard on Friday announced their departure from Facebook's Libra project, a major setback to the social network's plan for a worldwide digital currency. Along with the two payment giants, several other large companies have said they're exiting Libra. Payment processing company...

Chicago mulls hiking fares for ride-hailing solo downtown

Oct. 11, 2019 6:20 PM EDT

CHICAGO (AP) — Chicago officials are considering an increase in ride-hailing fees for solo riders traveling downtown, in a move aimed at reducing traffic congestion and pushing more drivers to pick up passengers in the city's predominantly minority areas. Mayor Lori Lightfoot said she will recommend the...

Uber to acquire food delivery service Cornershop

Oct. 11, 2019 12:54 PM EDT

Ride-hailing service Uber is acquiring Cornershop as it tries to gain a foothold in the Latin American grocery delivery business. Financial details of the deal were not disclosed. San Francisco-based Uber, whose $5.24 billion loss last quarter was its largest ever, has been expanding its offerings to include food...

Uber driver not guilty in death of passenger in Denver

Oct. 10, 2019 7:06 PM EDT

DENVER (AP) — A jury on Thursday found an Uber driver not guilty of murder in the fatal shooting of a passenger he said attacked him while driving on a freeway in Denver. Jurors sided with Michael Hancock, 31, who argued that he was defending himself against passenger Hyun (Huhn) Kim. About four hours...

FireEye, Liberty Latin rise while James River, J&J fall

Oct. 9, 2019 4:47 PM EDT

NEW YORK (AP) — Stocks that moved substantially or traded heavily on Wednesday. FireEye Inc., up 69 cents to $14.53 The cybersecurity company told investors that its third quarter revenue will hit the high end of its forecast and possibly top its expectations. Liberty Latin America Ltd., up 51 cents to...

Doctors turn to thumbs for diagnosis and treatment by text

Oct. 8, 2019 10:55 AM EDT

SACRAMENTO, Calif. (AP) — Dr. Anna Nguyen spoke with none of the five patients she treated on a recent weekday morning. She didn't even leave her dining room. The emergency physician nevertheless helped a pregnant Ohio woman handle hip pain, examined a Michigan man's sore throat and texted a mom whose son...