Didi Chuxing has unveiled its U.S. IPO filing. Yahoo Finance’s Akiko Fujita and Jared Blikre discuss.
(Bloomberg) -- New York’s yellow cabs are making a comeback.A driver shortage at Uber Technologies Inc. and Lyft Inc. has left city riders frustrated with high fares and long wait times, leading many to step off the curb and raise a hand.“Business has been great. I’ve never seen it like this before,” said Tainur Rahman, a taxi driver from the Bronx. Rahman, who has been driving for about a decade, said he’s optimistic about a sustained rebound in the summer months to help make up for profits los
(Reuters) -Uber and other gig economy companies are trying a new approach to ending their battles with unions, and getting ahead of possible federal regulation that could upend their business based on classifying workers as independent contractors. In New York, for example, gig economy companies are working with several unions including the Machinists and Transport Workers Union to strike a compromise that would allow drivers and food delivery workers to organize in a union and negotiate minimum pay and other benefits without being reclassified as employees. With the support of the unions, the gig economy companies are pushing state lawmakers in Albany to pass a bill that would allow workers to negotiate wages and caps on company commission fees, and provide unemployment insurance in some circumstances.