Uber


Uber Nears Deal for Huge Softbank Investment

Uber is close to finalizing a multibillion-dollar investment by Japan’s Softbank, according to a person briefed on the deal. The investment by the technology conglomerate could be announced Sunday, says…

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Self-Driving Uber Fleet Returns to Service Following Crash

Uber has resumed self-driving vehicle service in Pittsburgh following a crash. The company briefly suspended their self-driving fleet Monday morning. Police say a car collided with a self-driving Uber SUV.…

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Feds Probe Uber’s Tracking of Lyft Drivers

The Justice Department in Manhattan is investigating whether Uber illegally used software to track drivers for Lyft, its main ride-hailing competitor, to gain an advantage in attracting and recruiting drivers,…

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Lyft Extends Service Throughout 32 States

Lyft is driving into the countryside in an effort to raise ridership and steal market share from rival Uber. The much smaller Lyft announced Thursday that it is offering service…

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Lyft Seizes Opportunity as Uber Tries to Outrun Troubles

When management upheaval, and allegations of corporate espionage, sent Uber into a public relations sinkhole, its long overshadowed rival Lyft shifted into overdrive. The company seized the opportunity to recruit…

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Uber Could Go Public in 18 Months

Uber could go public as soon as 18 months from now. That was the news delivered to Uber’s 16,000-person workforce today by the embattled transportation company’s new chief executive, outgoing…

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Toyota Invests in Uber Rival Grab to Extend Ride-Share Foray

Toyota Motor is pushing deeper into the ride-sharing business. Toyota Tsusho, the automaker’s trading arm, will invest an undisclosed amount in Grab, Southeast Asia’s leading ride-hailing operator. Toyota Motor said…

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U.S. Probes Uber for Possible Bribery-Law Violations

Uber Technologies Inc. said on Tuesday it was cooperating with a preliminary investigation led by the U.S. Department of Justice into possible violations of bribery laws. The preliminary investigation is…

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