Uber | Page 10

The two companies on Monday confirmed the sale of Uber China to its bigger rival, ending a two-year, money-losing effort to break into one of the world's toughest markets.

China last week issued guidelines that establish a long-awaited framework for the booming ride-hailing industry and remove uncertainty for firms such as Didi and Uber.

Uber is rethinking its reliance on Google Maps.

Unlike U.S.-based ride hailing startup Uber, which established itself to compete against taxi companies, the new company will operate using taxi firms.

Seattle last year became the first U.S. city to pass a law giving drivers for ride-hailing apps, as well as taxi and for-hire drivers, the right to collectively negotiate on pay and working conditions.

Turning to the leveraged loan market, which was previously exclusive to more established companies, allows Uber to take advantage of historically low interest rates while keeping venture capital backers happy by not further diluting their equity.

urning to the leveraged loan market, which was previously exclusive to more established companies, allows Uber to take advantage of historically low interest rates while keeping venture capital backers happy by not further diluting their equity

With these deals Uber and Lyft drivers will be able to rent Hertz vehicles for longer periods such as several weeks or months.

According to proposals for Columbus, Ohio, public transportation subsidies would instead be handed to ride-sharing services.

Rival ride services Uber and Lyft have settled high stakes litigation involving two of their top executives, court filings show, in advance of a trial that could have aired sensitive details about both companies.

Upfront fares are currently rolling out to an number of U.S. cities, though Uber didn't detail a timeline for how long it would take all riders to benefit from the new tweak.

About a half dozen ride-hailing firms have rushed into Texas tech hub Austin after market leaders Uber and Lyft left the city last month in a huff.

A recent study from ConsumerAffairs looks at the safety of Uber, Lyft and taxi cars in cities around the U.S.

'While plaintiff now pretends that he 'seeks no relief whatsoever against Uber,' such an assertion is at odds with any fair reading of plaintiff's claim,' judge writes.

I love the ride-sharing company, but it doesn't seem to love me back. So, don't be like Uber; acknowledge and reward your loyal customers.

Uber, the leading ride service in the United States and much of the world, and Didi Chuxing, which claims 87 percent of the Chinese market for private vehicle ride-hailing, now share at least four investors.

The case in San Francisco federal court involved allegations that Uber terminated drivers from its platform after obtaining their consumer background reports without authorization.

The funding round valued the company at more than $25 billion.

Brazil's biggest city on Monday became the first in the world where Uber offers on-demand chopper rides between airports, hotels and convention centers.

The latest fundraising comes with China's top ride-hailing company locked in a struggle to fend off its global rival's march into China.

The companies suspended services in the city on May 9, two days after residents voted to keep the city's law requiring Uber and Lyft, just like taxi companies, to conduct fingerprint-based background checks of their drivers.