(Reuters) – Uber Technologies Inc has paid New Jersey $100 million in back taxes over misclassification of drivers as contractors, the New York Times reported on Monday. Uber, however, said it did not agree with New Jersey that drivers were “employees” and that it only paid a fraction of what the state originally demanded in…
SAN FRANCISCO (AP) — General Motors’ self-driving car company on Monday announced plans to expand a robotaxi service that recently launched in California into new markets in Arizona and Texas before the end of this year. Cruise, a San Francisco startup that General Motors bought six years ago, told an audience at an investor conference…
(Reuters) -A group led by private equity firm KKR & Co Inc has called off its cash-and-stock deal that values Australian hospital operator Ramsay Health Care at around $14.5 billion, the Australian Financial Review reported, citing sources. (https://bit.ly/3eJ6Eee) Late in August, KKR withdrew its nearly $15 billion all-cash deal for Ramsay, but continued to offer…
United Auto Workers union members who went on strike Saturday at a Stellantis casting plant in Indiana are returning to work after ratifying a deal with the company. Stellantis said that operations at the plant in Kokomo will resume late Monday after UAW Local 1166 workers voted to ratify the agreement. The two sides had…
OMAHA, Neb. (AP) — Freight railroads and their unions are facing increasing pressure from business groups and the White House to settle their contract dispute before Friday’s looming strike deadline. The pressure stems from concerns that halting railroad deliveries of raw materials and finished products that so many companies rely on would be, in the…
By David Shepardson WASHINGTON (Reuters) – President Joe Biden said on Monday his administration had cracked down on U.S. airlines to improve treatment of passengers, a claim rejected by the carriers. Biden said prior to changes made in customer service plans by major airlines “if your flight was canceled or delayed, no top airline guaranteed…
By Svea Herbst-Bayliss (Reuters) – A majority of Twitter Inc’s shareholders have voted in favor of the social media company’s $44 billion sale to Elon Musk, people familiar with the tally said on Monday. The deadline for the shareholder vote on the deal is on Tuesday but enough investors had voted by Monday evening for…
By Joey Roulette WASHINGTON (Reuters) -A Blue Origin capsule carrying cargo toward the edge of space aborted from its New Shepard rocket booster on Monday shortly after liftoff from Texas, escaping what appeared to be a malfunction near the rocket’s engine section, a company livestream showed. No humans were on board the capsule, which sat…
By Jonathan Stempel NEW YORK (Reuters) -AstraZeneca Plc on Monday won the dismissal of a U.S. shareholder lawsuit claiming that it concealed problems in developing its COVID-19 vaccine, making it unlikely the treatment would win regulatory approval in the United States. U.S. District Judge Paul Oetken in Manhattan said AstraZeneca shareholders in the proposed class…
By Stephen Culp NEW YORK (Reuters) – Wall Street advanced to two-week highs on Monday with few impediments to thwart a three-day winning streak as investors awaited crucial inflation data. All three major U.S. stock indexes appeared set to notch their fourth straight session of gains in a broad rally which evenly favored growth and…
