Blog

Uber probed by U.S. judge on driver benefits

Uber probed by U.S. judge on driver benefits

SAN FRANCISCO (Reuters) – A U.S. judge appeared skeptical on Friday about Uber’s bid for a quick pretrial ruling that its drivers are contractors and not employees, a critical question facing Silicon Valley’s sharing economy. App-based ride service Uber, and smaller rival Lyft, face separate lawsuits seeking class action status in San Francisco federal court, [...]

Continue reading →

IBM brings back bonuses for top execs even as profits slide

IBM brings back bonuses for top execs even as profits slide

SEATTLE (Reuters) – International Business Machines Corp brought back annual performance bonuses for its chief executive and her top lieutenants for 2014 despite falling profits and a tumbling stock price, a regulatory filing showed on Friday. The technology company, which has posted lower profits for 11 quarters in a row as it struggles to transform [...]

Continue reading →

AT&T top buyer at U.S. airwaves auction; Dish spends big

AT&T top buyer at U.S. airwaves auction; Dish spends big

WASHINGTON/SAN FRANCISCO (Reuters) – AT&T Inc (T.N) spent close to half the total in the record-setting U.S. sale of airwaves for mobile data, with Dish Network Corp (DISH.O) spending heavily to manage a surprise win at No.2 ahead of Verizon, results showed on Friday. AT&T bid a total of $18.2 billion to win licenses of [...]

Continue reading →