Page 2 - Uber Technologies

SoftBank Group shares reach highest level since 2000 on recovery hopes

The stock rose 4.6 per cent to 6,190 yen ($58) on Tuesday, the highest since March 2000.

Uber Technologies eyes Postmates in $2.6-billion deal, plans expansion

Postmates is alternatively exploring various paths to go public

10 well-known companies that laid off staff due to coronavirus

Here is the list of major companies that have said they are downsizing their workforce

Hail a ride now! Uber, Ola to resume services in key cities from today

With further relaxation of lockdown regulations and more powers given to states, Ola will be restarting services in over 60 cities across the country from Tuesday.

Uber cuts 3,000 more jobs, closes offices amid coronavirus outbreak

Combined with the 3,700 employees in customer support and human resources, Uber dismissed earlier this month, the cuts now total about 25% of the total workforce. A spokesman said more cuts could come

Uber approaches food delivery firm Grubhub with acquisition offer: Report

Uber and Grubhub are still haggling over the deal's stock exchange ratio, and there is no certainty that they will reach an agreement

Uber to lay off 3,700 employees, 17% of workforce; CEO to forgo base salary

Uber and rival Lyft Inc have been under investor pressure to show profits but the coronavirus-led lockdowns have forced them to cut costs and withdraw their full-year financial outlooks

Covid-19 outbreak: Hailing an Uber ride on day one of lockdown 3.0

Nothing suggested it was a cab ride during extraordinary times except that the driver patiently waited at the gate without making any hurry-up calls

SoftBank Group sees wider loss of $8.4 billion on WeWork write-down

The Japanese company made the announcement in a statement Thursday, citing more than 1 trillion yen of non-operating losses from investments held outside of its $100 billion Vision Fund.

Uber strengthens its India Fintech presence with Uber Money team

The Uber Money team, based in the firm's Hyderabad Tech Centre, is the first such across the Asia Pacific region and will contribute to Uber's global financial and technology innovations

Uber creates a fintech team at Hyderabad for global tech innovations

The Hyderabad-based team will be involved in enabling upcoming new global features and improvements, including real-time earnings

Uber says 3000 sexual assault claims reported in US rides last year

The ride-hailing company released an 84-page safety report Thursday, seeking to quantify the misconduct and deaths that occur on its system and argue that its service is safer than alternatives

Uber drivers making airport runs, crossing state lines get pay boost

Uber has relied on arbitration and settlements to defeat lawsuits by drivers seeking the benefits of employees

US safety board chair criticises Uber for 2018 fatal self-driving crash

The NTSB submitted draft findings in Sumwalt's written testimony Congress ahead of a Senate hearing Wednesday as a probable cause in the crash was ongoing

Former Uber team launches 'virtual kitchen' to take on Travis Kalanick's

A new startup called Virtual Kitchen plans to announce a $15 million investment and an expansion

'Judgement on WeWork was poor in many ways': Softbank CEO after Q2 loss

(Reuters) - SoftBank Group Corp <9984.T> fell into the red in the second quarter for the first time in 14 years, with its gigantic Vision Fund suffering a 970 billion yen ($8.9 billion) loss on plunging valuations of WeWork and Uber Inc .

Son's failed tech bets behind Softbank Group's $6.5 billion quarterly loss

TOKYO (Reuters) - SoftBank Group Corp <9984.T> plunged on Wednesday to a quarterly loss that was far larger than analysts' estimates, hit by the falling valuations of some of its biggest tech bets such as WeWork and Uber Technologies .

Son's tech bets to cost Softbank first quarterly loss in 14 years?

TOKYO (Reuters) - SoftBank Group Corp <9984.T> and its founder Masayoshi Son face a day of reckoning on Wednesday when the investment juggernaut is likely to post weak quarterly results, hit by hefty falls in the valuation of some of its biggest tech bets.

Uber's CEO Khosrowshahi vows to tackle Q2 losses, with help from India

Uber is one of the most prominent companies in the portfolio of SoftBank Group

Uber offers $750-mn junk bonds to help finance acquisition of Careem

It's only the second bond sale in Uber's 10-year history