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  • Is rider safety the real Achilles heel for Uber and Lyft? Wednesday, 10 Dec 2014 | 6:13 PM ET

    LOS ANGELES— The growth of ride-hailing companies such as Uber and Lyft so far has not been hindered by limits from government regulators and campaigns by taxi cab competitors. Uber operates in more than 250 cities in 50 countries, and recently was valued at $40 billion based on $1.2 billion that investors poured into the company in its latest funding round.

  • Ebay considering cutting 10 pct of workforce - WSJ Wednesday, 10 Dec 2014 | 6:02 PM ET

    Dec 10- Online retailer eBay Inc is mulling over a plan to cut thousands of jobs early next year, as it readies to spin off its PayPal unit, the Wall Street Journal reported, citing people familiar with the company's thinking. "We are focused on running the business and setting eBay and PayPal up for success as independent companies," eBay spokeswoman Amanda Miller...

  • Hilton Worldwide in talks to buy four hotels - Bloomberg Wednesday, 10 Dec 2014 | 4:25 PM ET

    Dec 10- Hilton Worldwide Holdings Inc is in talks to buy four properties from Blackstone Group LP and others for deferring tax payments from the sale of its Waldorf Astoria hotel in New York, Bloomberg reported. The company is planning to buy San Francisco's Parc 55 Wyndham, two Waldorf Astoria resorts in Key West and one in Orlando, Florida, the report said, citing...

  • Tech summit addresses industry's lack of diversity Wednesday, 10 Dec 2014 | 9:30 AM ET

    The challenges, along with some of the potential solutions, were explored Wednesday at a Silicon Valley summit organized by Jackson and his group, Rainbow Push. In a show of their commitment, Google, Apple, Facebook and more than other 20 other tech companies sent representatives to the forum held at the Santa Clara, California, headquarters of a Silicon Valley...

  • California sues Uber in startup's latest legal woe Wednesday, 10 Dec 2014 | 3:07 AM ET

    SAN FRANCISCO— California prosecutors sued Uber over the ride-booking company's driver background checks and other allegations, adding to the popular startup's legal woes in the U.S. and around the world. "Uber continues to misrepresent and exaggerate background checks on drivers," Los Angeles District Attorney Jackie Lacey said. "It also agreed to pay...

  • California prosecutors sue Uber; Lyft settles Tuesday, 9 Dec 2014 | 6:39 PM ET

    SAN FRANCISCO— California prosecutors sued Uber on Tuesday over the ride-booking company's background checks of drivers and other allegations, adding to the popular startup's worldwide legal woes. San Francisco County District Attorney George Gascon also announced that Uber competitor Lyft agreed to pay $500,000 and change some of its business...

  • NEW YORK, Dec 9- Global equity markets fell on Tuesday after China's market posted its worst day in five years and political turmoil hit Greece, while the U.S. Greece's equity market slumped nearly 13 percent on political unrest, while Brent crude, which has fallen more than 40 percent in the last six months, slipped to a five-year low of $65.29 a barrel on worries...

  • Dec 9- A former driver with the online car service Uber has been charged with misdemeanor vehicular manslaughter in the death of a 6- year-old girl who was struck in a San Francisco crosswalk on New Year's Eve, law enforcement said on Tuesday. Syed Muzaffar, 57, of Union City, a suburb of San Francisco, surrendered to authorities last week and was free on $50,000 bail,...

  • Dec 9- Baby boomer-focused catalog retailer Orchard Brands Sales Agency LLC is putting itself up for sale in a process that could fetch more than $500 million, people familiar with the situation said on Tuesday. The company has hired Goldman Sachs Group Inc to assist with the sale, the people said. Representatives for Orchard Brands and Goldman Sachs declined to...

  • 6 US cities: Good jobs but hard-to-afford homes Tuesday, 9 Dec 2014 | 11:20 AM ET

    Millennials are streaming into the San Francisco Bay Area, Silicon Valley, New York City and Washington, D.C., for the ample job opportunities there. The real estate firm Zillow found this trend most pronounced in six of the nation's top job markets for younger workers. Zillow's chief economist, Stan Humphries, notes that first-time buyers have yet to bear the full...

  • Why areas with good jobs have hard-to-afford homes Tuesday, 9 Dec 2014 | 11:17 AM ET

    College graduates and younger families have been clustering in coastal cities such as New York, San Francisco and Seattle, where incomes are generally ample and solid middle-class jobs plentiful. Roughly 40 percent of households in New York, San Francisco, Seattle, parts of Connecticut and Colorado, and Washington, D.C., earn more than $100,000 annually,...

  • Spanish judge orders temporary shutdown of Uber Tuesday, 9 Dec 2014 | 10:23 AM ET

    MADRID— A judge on Tuesday ordered the temporary suspension of ridesharing service Uber in Spain, saying it represents unfair competition. The Madrid mercantile court judge said in a preliminary ruling that Uber drivers lacked proper permits to transport passengers in Spain— but the company responded that it wasn't given an opportunity to argue its case.

  • NEW YORK/ WINNIPEG, Dec 9- Valeant Pharmaceuticals International Inc is abandoning its growth-by-acquisitions strategy for the time being to try to reduce debt, boost its stock price and one day return to its traditional deal-making in a stronger position, people familiar with the matter told Reuters. Speculation about Valeant's next takeover target has...

  • NEW YORK/ WINNIPEG, Dec 9- Valeant Pharmaceuticals International Inc is abandoning its growth-by-acquisitions strategy for the time being to try to reduce debt, boost its stock price and one day return to its traditional deal-making in a stronger position, people familiar with the matter told Reuters. Speculation about Valeant's next takeover target has...

  • City of Portland asks judge to stop Uber Monday, 8 Dec 2014 | 7:21 PM ET

    PORTLAND, Ore.— Portland leaders are trying to make Uber's stay a short one. Uber launched its ride-sharing app in Portland at 5 p.m. Friday. In Oregon, Uber began operating in Salem and Eugene last summer and in Portland suburbs this fall.

  • Los Angeles proposes sweeping upgrades for quakes Monday, 8 Dec 2014 | 5:00 PM ET

    LOS ANGELES— Mayor Eric Garcetti on Monday proposed spending billions of dollars to better protect Los Angeles against a devastating earthquake by strengthening thousands of vulnerable older buildings and fortifying the city's water and communications systems. "We cannot afford to be complacent," the mayor said at City Hall, referring to the risk that...

  • You can now get Facebook's Graph Search on mobile Monday, 8 Dec 2014 | 4:38 PM ET
    New Facebook Search includes the ability to search for posts and photo captions.

    Nearly two years after Facebook introduced Graph Search the social network is finally bringing it to mobile, re/code reports.

  • "I think' considerable time' captures about as best you can with two words... the appropriate time for liftoff," San Francisco Fed President John Williams told Market News International on Monday, adding that it's still a "reasonable guess" the Fed will begin raising rates in mid-2015. Atlanta Federal Reserve Bank President Dennis Lockhart, like Williams a policy...

  • Diamond Foods beats 1Q profit forecasts Monday, 8 Dec 2014 | 4:13 PM ET

    SAN FRANCISCO _ Diamond Foods Inc. on Monday reported fiscal first-quarter profit of $7.7 million. The average estimate of analysts surveyed by Zacks Investment Research was for earnings of 24 cents per share. Diamond Foods expects full-year earnings in the range of 90 cents to $1.10 per share.

  • Uber, which had employed the driver even though he had been arrested on allegations of sexual assault three years ago, would be blacklisted from providing any future services in the New Delhi area, the city's transport department said in a statement. Even after the enactment of new laws imposing stricter penalties and establishing fast-track courts, India is...