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Didi co-founder Liu steps down after decade at helm of Chinese ride-hailing company

Didi co-founder Liu steps down after decade at helm of Chinese ride-hailing company By Liam Mo and Sarah Wu BEIJING, May 19 (Reuters) - Didi Global Inc's DIDI.N co-founder Jean Liu has stepped down from her roles as president and board director of China's biggest ride-hailing firm to take on a new role, according to an internal company memo. Didi, which is seen as China's answer to Uber but has faced prolonged regulatory scrutiny, will no longer have a position of president, it said in the memo
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Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users

UPDATE 1-Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users Adds details on shuttle service in paragraph 3 and 4 By Yuvraj Malik and Arsheeya Bajwa May 15 (Reuters) - Uber Technologies UBER.N is introducing a shuttle service in the U.S. and widening a delivery tie-up with membership-only retailer Costco as part of a series of initiatives unveiled on Wednesday to attract price-conscious consumers amid competition from rival Lyft LYFT.O .
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Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users

Uber unveils US shuttle service, expands Costco tie-up to woo price-conscious users By Yuvraj Malik and Arsheeya Bajwa May 15 (Reuters) - Uber Technologies UBER.N is introducing a shuttle service in the U.S. and widening a delivery tie-up with membership-only retailer Costco as part of a series of initiatives unveiled on Wednesday to attract price-conscious consumers amid competition from rival Lyft LYFT.O .
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Lawsuit claiming Uber hid Dutch tax haven is dismissed by US judge

Lawsuit claiming Uber hid Dutch tax haven is dismissed by US judge By Jonathan Stempel May 15 (Reuters) - A U.S. judge has dismissed a proposed class action lawsuit accusing Uber Technologies UBER.N of defrauding shareholders by concealing its use of its Netherlands subsidiary as a tax haven. The case stemmed from the July 2022 release of the Uber Files, based on former lobbyist Mark MacGann's whistleblower claims that Uber broke laws and secretly lobbied politicians to expand its ride-sharing o
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Paramount Global, QuidelOrtho, Repsol, Vodafone, BHP, Epidemic Sound, Ferrovial, Fincantieri's; updates: Stellantis, Anglo American May 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 19 : 45 GMT on Tuesday: ** Shares of Paramount Global PARA.O fell more than 7% after CNBC reported, citing sources, that Sony Pictures 6758.T is rethinking its bid for the U.S.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions Adds: Italgas, KKR Updates, Anglo American, Uber May 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 1330 GMT on Tuesday: ** Anglo American AAL.L laid out plans on Tuesday to refocus on energy transition metal copper while spinning out or selling its less profitable coal, nickel, diamond and platinum businesses, as it moves to fend off BHP Group's BHP.AX $43 billion takeover offer nL4N3HH1FT ** The possibility of b
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Inflation vigil sees single stock sideshows

MORNING BID AMERICAS-Inflation vigil sees single stock sideshows A look at the day ahead in U.S. and global markets from Mike Dolan Macro markets have basically frozen ahead of this week's big U.S. inflation releases, with sideshow entertainment provided by a fresh burst in activity in so-called 'meme stocks' while earnings updates and deals sagas dominated overseas.
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Deals of the day-Mergers and acquisitions

Deals of the day-Mergers and acquisitions May 14 (Reuters) - The following bids, mergers, acquisitions and disposals were reported by 0930 GMT on Tuesday: ** Automaker Stellantis STLAM.MI will start to sell electric vehicles (EV) from its Chinese partner Leapmotor 9863.HK in nine European countries from September to expand its offer of budget cars, CEO Carlos Tavares said on Tuesday.
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European shares close at record high; Delivery Hero soars

UPDATE 2-European shares close at record high; Delivery Hero soars For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window. Delayed Fed cuts could also slow ECB, Wunsch says Rheinmetall falls as Q1 profit and sales miss forecasts Chemicals group Brenntag's shares slide as it lowers forecast SocGen leads banks to new highs as Macron backs consolidation Updated at 1600 GMT By Ankika Biswas and Johann M Cherian May 14 (Reuters) - European shares cl
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Delivery Hero jumps 20% after Uber deal for foodpanda Taiwan sale

BUZZ-Delivery Hero jumps 20% after Uber deal for foodpanda Taiwan sale Updates share move, adds analyst comments and milestone ** Shares in Delivery Hero DHER.DE jump around 2 0% after Uber UBER.N has agreed to take over the German firm's foodpanda business in Taiwan for $950 million in cash and buy new shares in the company ** "Sounds like a good
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Delivery Hero jumps after Uber deal for foodpanda Taiwan sale

BUZZ-Delivery Hero jumps after Uber deal for foodpanda Taiwan sale ** Shares in Delivery Hero DHER.DE jump 15.5% after Uber UBER.N has agreed to take over the German firm's foodpanda business in Taiwan for $950 million in cash and buy new shares in the company ** "Sounds like a good deal as the EV/GMV is above DHER's own multiple and it also improv
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Wall Street Journal - May 14

PRESS DIGEST - Wall Street Journal - May 14 May 14 (Reuters) - The following are the top stories in the Wall Street Journal. Reuters has not verified these stories and does not vouch for their accuracy. - Walmart WMT.N is in the process of cutting hundreds of corporate jobs and also asking most of its remote workforce to move to offices. - Kraft Heinz KHC.O is exploring the sale of its famed hot-dog business Oscar Mayer and has tapped Bank of America BAC.N and Centerview Partners to gauge intere
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Delivery Hero in $1.25 bln deal with Uber for foodpanda Taiwan sale, investment

UPDATE 4-Delivery Hero in $1.25 bln deal with Uber for foodpanda Taiwan sale, investment Adds analyst comments in paragraphs 10, 11, details in paragraph 6 May 14 (Reuters) - Uber announced on Tuesday a $1.25 billion deal to take over Delivery Hero's foodpanda business in Taiwan and buy new shares in the German firm in a move that would boost liquidity of the delivery specialist grappling with rising competition in Asia.
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Uber Eats To Acquire Delivery Hero’S Foodpanda Delivery Business In Taiwan

BRIEF-Uber Eats To Acquire Delivery Hero’S Foodpanda Delivery Business In Taiwan May 13 (Reuters) - Delivery Hero SE DHER.DE : EQS-NEWS: UBER EATS TO ACQUIRE DELIVERY HERO’S FOODPANDA DELIVERY BUSINESS IN TAIWAN DELIVERY HERO - COMPANIES HAVE ALSO ENTERED INTO AN AGREEMENT FOR UBER TO PURCHASE $300 MILLION IN NEWLY ISSUED ORDINARY SHARES OF DEL
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Uber Technologies Acquires Delivery Hero's Foodpanda Business In Taiwan For $950 Mln

BRIEF-Uber Technologies Acquires Delivery Hero's Foodpanda Business In Taiwan For $950 Mln May 13 (Reuters) - Delivery Hero Se DHER.DE : EQS-ADHOC: DELIVERY HERO SE: UBER TECHNOLOGIES ACQUIRES FOODPANDA BUSINESS IN TAIWAN AND MINORITY STAKE IN DELIVERY HERO PURCHASE PRICE FOR TRANSACTION AMOUNTS TO USD 950 MILLION ON A CASH AND DEBT FREE BASIS TRAN
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Uber to acquire Delivery Hero’s foodpanda delivery business in Taiwan

Uber to acquire Delivery Hero’s foodpanda delivery business in Taiwan May 13 (Reuters) - Uber Technologies UBER.N will acquire Delivery Hero's DHER.DE foodpanda delivery business in Taiwan for $950 million in cash, the companies said on Tuesday. Uber has also agreed to purchase $300 million in newly issued ordinary shares of Delivery Hero, they said.
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Column: Uber-backed proposal to cap Nevada lawyers' contingency fees survives initial challenge

UPDATE 1-Column: Uber-backed proposal to cap Nevada lawyers' contingency fees survives initial challenge Adds link to opinion, removes reference to Nevada Supreme Court in final paragraph By Alison Frankel May 13 (Reuters) - An Uber-backed Nevada ballot initiative that would impose the most sweeping and draconian contingency fee limit in the U.S. has survived its first legal challenge.
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Column: Uber-backed proposal to cap Nevada lawyers' contingency fees survives initial challenge

Column: Uber-backed proposal to cap Nevada lawyers' contingency fees survives initial challenge The opinions expressed here are those of the author, a columnist for Reuters. By Alison Frankel May 13 (Reuters) - An Uber-backed Nevada ballot initiative that would impose the most sweeping and draconian contingency fee limit in the U.S. has survived its first legal challenge.
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Massachusetts takes Uber, Lyft to trial over whether drivers are employees

UPDATE 1-Massachusetts takes Uber, Lyft to trial over whether drivers are employees Updates throughout with Monday's arguments By Nate Raymond BOSTON, May 13 (Reuters) - Massachusetts' attorney general took Uber Technologies UBER.N and Lyft LYFT.O to trial on Monday over allegations that the ride-share companies are misclassifying thousands of drivers in the state as independent contractors to avoid treating them as more costly employees.
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SoftBank's $184 billion portfolio key to beating AI rivals, says Vision Fund CFO

SoftBank's $184 billion portfolio key to beating AI rivals, says Vision Fund CFO By Anton Bridge TOKYO, May 13 (Reuters) - Japanese technology investor Softbank Group 9984.T believes it has an advantage over smaller rivals because it can leverage its entire $183.6 billion portfolio to help it build an ecosystem of firms that can employ artificial intelligence, a top executive said on Monday.
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