Tag Archives: Uber

Your Daily Dose of Financial News

BY: Michael D. Reif | March 14, 2019

With new data pointing to similarities between the Lion Air and Ethiopian Air Boeing 737 Max 8 crashes, the White House has decided to override the FAA and ground all models of the plane in the US – NYTimes and WSJ and Bloomberg and MarketWatch Federal prosecutors are reportedly conducting multiple probes into “data deals … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | March 13, 2019

Concessions wrenched from EU leaders aside, PM May and her latest Brexit plan again fell apart in Parliament, with lawmakers voting it down 391-242. The defeat raises the ongoing specter of a no-deal departure from the Union and a possible delay in that action, and it threatens her role as Tory leader, too – NYTimes … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | December 10, 2018

Three weeks after his initial arrest, Japanese prosecutors have officially indicted former Nissan Chair Carlos Ghosn for understating his income by $43 million – Bloomberg and NYTimes and WSJ Uber’s clearly not content to let Lyft have all of the public offering fun.  On the heels of its rival’s early IPO paperwork filing, Uber revealed … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | October 17, 2018

In order to comply with European antitrust rulings against it earlier this year, Google announced that for the first time it will begin charging telephone handset manufacturers to install Gmail, Google Maps, and other popular Android apps within the EU – NYTimes and WSJ Uber, still working on its forthcoming IPO, is reportedly focused on … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | September 12, 2018

The SEC has taken its first enforcement action against a hedge fund over its cryptocurrency investments—namely, falsely holding itself out as the “first regulated fund in the U.S. focused on crypto assets.” It also targeted a pair running what they claimed was an “ICO superstore” – WSJ and Bloomberg and Law360 Not to be outdone, … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 22, 2018

So, business news anyone? This deeper dive into the White House’s proposed tariffs on $200 billion worth of Chinese goods helps us understand just exactly how buying for the average American could change – NYTimes Not that we’d be the only ones hurting, mind you – Bloomberg The planned auto-import tariffs, meanwhile, appear to be … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | August 16, 2018

Today’s Muskdate is all about the SEC issuing a subpoena to Tesla as it continues its investigation into Elon’s August 7 Twitter post about the “funding secured” detail of his plans to take the company private – NYTimes and WSJ and Bloomberg and MarketWatch US regulators and law enforcement are in the midst of “one … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 31, 2018

Uber’s throwing in the towel on Otto, its self-driving truck unit that was at the center of an IP-theft scandal with Waymo and will shift its focus to autonomous cars – TechCrunch and DailyMail The CBS board of directors has agreed to keep now-embattled CEO Les Moonves in his job while it (and the outside … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | July 17, 2018

Yesterday, federal officials unveiled an ongoing EEOC investigation into whether Uber “discriminated against women in hiring and pay” that began last August. The news extends Uber’s streak of investigations and brutal PR well over 18 months – NYTimes and WSJ FCC Chair Ajit Pai has generally been considered a friend to business during his tenure … Continue reading

Your Daily Dose of Financial News

BY: Michael D. Reif | June 27, 2018

CEO Dara Khosrowshahi is undoubtedly breathing a sigh of relief on news out of the UK yesterday that Uber will regain its taxi license in London—a “crucial victory for efforts by its new chief executive to revamp the company’s grow-at-all-costs culture.” Uber agreed to “stricter government oversight” in exchange for the reprieve and 15-month license … Continue reading