Latest Uber Technologies Inc News
Uber resumes operating in Colombia after three-week hiatus
BOGOTA, Colombia (AP) — Uber restarted operations in Colombia on Thursday after shutting down its app for almost three weeks. In a statement, the platform said it had found “new alternatives” to work legally in the South American country. Uber said that from now on, its app will help users...
Apps help volunteers get excess food to the hungry
Food waste and hunger are two enormous problems that some non-profit groups say can be addressed together by getting the extra food to the people who need it. New apps are making that easier. The USDA estimates that more than 30% of the food in America is wasted each year. Besides food waste at home, there is...
Police: Uber driver who drove wrong way shoots at passengers
NEW ORLEANS (AP) — An Uber driver accused of firing shots at passengers who told him he was driving the wrong direction has been arrested in Louisiana. Ahmad Ahmad, 53, picked up the passengers after midnight Sunday morning from a bar in New Orleans, news outlets reported. They requested that he take...
DAYTONA NOTEBOOK: Jimmie Johnson mulls his 2021 options
DAYTONA BEACH, Fla. (AP) — Jimmie Johnson has eyes on a possible IndyCar ride. Oh, and Formula One. Sports cars, mountain bikes, off-road racing, downhill skiing, just about any mode of transport that goes fast. Just don't expect the seven-time NASCAR champion to make his 2021 plans any time soon. Like...
Solid earnings send stock indexes higher on Wall Street
Stocks closed broadly higher on Wall Street Wednesday, driving the S&P 500 and Nasdaq indexes to more record highs. Technology stocks powered much of the rally as investors focused on the latest batch of mostly solid company earnings reports. The latest gains came as worries about the economic impact of the...
SoftBank's profit drop amid WeWork worries, Sprint approval
TOKYO (AP) — Japanese technology conglomerate SoftBank Group Corp. said its profit for the last quarter dropped amid worries about the perceived risk of its investments into companies like WeWork. Tokyo-based SoftBank said Wednesday its profit for the October-December quarter stood at 55 billion yen ($500...
Lyft posts $2.6B 2019 loss, keeps 4Q 2021 profit forecast
Ride-hailing service Lyft is sticking with its prediction that it will be profitable by the end of next year. This while its annual loss more than doubled in 2019 to over $2.6 billion. But the San Francisco company's annual revenue jumped 68% and ridership grew. Lyft's prediction of a profit in the fourth quarter...
Growing dispute over ride-hailing apps and Phoenix airport
PHOENIX (AP) — A dispute between ride-hailing companies and the city of Phoenix deepened on Monday, as Arizona state lawmakers introduced legislation that would bar raising fees on Uber and Lyft at Sky Harbor airport. The latest salvo in the growing fight is an attempt by state lawmakers to keep a...
Judge stalls Uber, Postmates challenge to California job law
SACRAMENTO, Calif. (AP) — A federal judge on Monday refused to exempt ride-hailing company Uber and on-demand meal delivery service Postmates from a broad new California labor law while she considers their lawsuit. U.S. District Judge Dolly Gee in Los Angeles denied the companies' request for a preliminary...
S&P 500 slips for first time this week as momentum stalls
Wall Street closed out the market’s best week in eight months Friday with a broad slide as technology and health care stocks gave back some of their recent gains. The pullback, which followed a sell-off in markets around the world, snapped a four-day winning streak for the major U.S. stock indexes. Even...
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