Main Street’s boldest take on Wall Street in bankruptcy stock frenzy
NEW YORK (Reuters) – When Bryan Quevedo received his U.S. government stimulus check last month, he invested $1,000 in the…
Egypt competition watchdog approves Uber acquisition of Careem with conditions
CAIRO (Reuters) – Egyptian regulators have approved Uber’s $3.1 billion acquisition of regional rival Careem after agreeing to a set…
Motorbike ride-sharing alleviates Dhaka traffic chaos
(This September 27 story has been refiled to correct first name of Pathao CEO to Hussain, no other changes to…
Transport app FlixMobility gets Germany’s biggest tech funding round to drive growth
FRANKFURT/MUNICH (Reuters) – Transport app FlixMobility has raised around 500 million euros ($561 million) in Germany’s biggest tech funding round…
Uber chief executive laments U.S. trade policy for lackluster IPO
WASHINGTON/NEW YORK (Reuters) – Uber Technologies Chief Executive Dara Khosrowshahi said on Tuesday the company’s initial public offering last month…
Lyft shares soar on Nasdaq debut, setting stage for Uber
LOS ANGELES/NEW YORK (Reuters) – Lyft Inc’s shares rose as much as 23 percent in their market debut on Friday,…
Ride-hailing firm Lyft launches IPO road show in Uber’s shadow
(Reuters) – Lyft Inc kicked off the investor road show for its initial public offering on Monday, targeting a valuation…
Lyft to launch road show for up to $2 billion IPO: sources
(Reuters) – Ride-hailing platform Lyft Inc will launch the investor road show for its initial public offering on Monday, seeking…
Uber not criminally liable in fatal 2018 Arizona self-driving crash: prosecutors
(Reuters) – Uber Technologies Inc is not criminally liable in a March 2018 crash in Tempe, Arizona, in which one…
Boeing’s flying car lifts off in race to revolutionize urban travel
SEATTLE (Reuters) – Boeing Co said on Wednesday its flying car prototype hovered briefly in the air during an inaugural…
Tesla urges tariff exemption for Chinese-made car computer ‘brain’
WASHINGTON (Reuters) – Tesla Inc has asked the Trump administration to exempt the Chinese-made car computer “brain” of its new…
Hertz Global to pay $16 million fine to settle accounting case: SEC
FILE PHOTO: A Hertz logo is pictured on a sign at Orlando International Airport in Orlando, Florida, U.S., May 6,…
Uber makes confidential filing for long-awaited IPO
NEW YORK/SAN FRANCISCO, (Reuters) – Uber Technologies Inc has filed paperwork for an initial public offering, according to three people…
Exclusive: CrowdStrike hires Goldman Sachs to lead IPO – sources
(This October 19 story corrects penultimate paragraph to show that Tenable shares have gained, not declined, since the company’s IPO)…
Daimler, BMW offer concessions to ease EU concerns on car-sharing deal
BRUSSELS (Reuters) – German luxury carmakers Daimler (DAIGn.DE) and BMW (BMWG.DE) have offered concessions to address EU antitrust concerns about…
Honda to invest $2.75 billion in GM’s Cruise self-driving unit
WARREN, Mich (Reuters) – Honda Motor Co Ltd (7267.T) will invest $2.75 billion in General Motors Co’s (GM.N) Cruise Automation,…
Uber’s strongest growth comes in depressed Argentina — minus commissions
BUENOS AIRES/SAO PAULO (Reuters) – Uber’s fastest-growing market in the world is now Argentina, company executives say, attributing the expansion…
Walmart stumbles with its ‘last mile’ package delivery plan
EAST BRUNSWICK, N.J. (Reuters) – Standing before an audience of 14,000 people last year, Walmart Inc executives described a radical…
Uber battles to keep London license in court appeal
LONDON (Reuters) – Uber goes to court on Monday to overturn a decision stripping it of its license in London…
Uber’s ‘business is finished’ in Turkey, Erdogan says
ISTANBUL (Reuters) – Turkey’s President Tayyip Erdogan has said ride hailing app Uber is finished in Turkey, following pressure from…
Uber, Waymo in talks about self-driving partnership: Uber CEO
RANCHO PALOS VERDES, Calif. (Reuters) – Uber Technologies Inc is talking with Alphabet Inc’s (GOOGL.O) autonomous driving unit Waymo about…
Uber pulls up in Japan with taxi-hailing service
TOKYO (Reuters) – Uber Technologies plans to launch its first taxi-hailing pilot service in Japan that will connect passengers to…
Uber chief product officer to leave in latest executive departure
(Reuters) – Uber Technologies Inc Chief Product Officer Jeff Holden is leaving the ride-hailing company, an Uber spokesman told Reuters…
Study finds Uber’s growth slows after year of scandal; Lyft benefits
SAN FRANCISCO (Reuters) – Uber Technologies Inc’s growth has slowed as a series of scandals has allowed the ride-hailing company’s…
Health charity Wellcome pledges funds, calls for rapid response to Ebola in Congo
(Reuters) – Britain’s Wellcome Trust global health charity called for a rapid response to an outbreak of Ebola in the…
Ford expands U.S. medical ride business built around its vans
DETROIT (Reuters) – Ford Motor Co (F.N) said on Wednesday that it was expanding a medical transport service called GoRide…
Russian tycoon Magomedov arrested on embezzlement charges
MOSCOW (Reuters) – Russian authorities on Saturday arrested billionaire Ziyavudin Magomedov on charges of embezzling more than $35 million, in…
Success for Uber’s direct loan despite driverless fatality
NEW YORK (LPC) – Uber Technologies’ self-arranged term loan B was increased to US$1.5bn, justifying the taxi app company’s unconventional…