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Uber and Bell Helicopter to Bring First Air Taxis by 2025

EghtesadOnline: Bell Helicopter, which has tied up with Uber Technologies Inc. to revolutionize mass transportation, expects to bring the first air-taxis under the partnership by the middle of next decade, according to an executive at the Textron Inc. unit.
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Publish Date:06/February/2018 | 14:49

Mercedes-Benz’s London Ride-Sharing Plan Is a Challenge to Uber

EghtesadOnline: Daimler AG will start ride-sharing shuttles in London later this year, expanding its cooperation with U.S. startup Via Transportation Inc., whose on-demand service racks up 1 million rides a month across New York, Chicago and Washington.
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Publish Date:05/September/2017 | 05:35

Uber Picks Expedia CEO to Lead Company Out of Crisis

EghtesadOnline: Uber Technologies Inc. will appoint Expedia Inc.’s Dara Khosrowshahi as chief executive officer of the global ride-hailing leviathan, two people familiar with the matter said. He’ll succeed co-founder Travis Kalanick, who grew Uber into a $20 billion annual booking business last year before scandals forced him out.
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Publish Date:28/August/2017 | 04:43

Former Uber CEO says investor lawsuit a 'public and personal attack'

EghtesadOnline: The ousted chief executive of Uber Technologies Inc rejected a lawsuit filed against him by one of the company's top investors as a "public and personal attack" without merit, according to court documents filed late on Thursday.
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Publish Date:19/August/2017 | 09:02
The lawsuit against Uber's Kalanick is the latest move VCs have made against founders who stack their boards with loyalists and run their companies into the ground.

Benchmark's Uber Suit Signals End of Era for Imperious Founders

EghtesadOnline: When Uber Technologies Inc. backer Benchmark Capital filed a lawsuit against the startup’s founder Travis Kalanick for using allegedly fraudulent means to pack the board with his loyalists, it sent a strong signal that Silicon Valley’s so-called founder-friendly era is coming to an end.
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Publish Date:12/August/2017 | 07:27
Seattle startup Convoy raises $62 million in funding led by Y Combinator.

Bill Gates Backs Uber Freight Rival

EghtesadOnline: As Bill Gates and Jeff Bezos jockey for the designation of world’s wealthiest man, the Seattle billionaires are united behind at least one local venture. They’re both investors in a trucking logistics startup that competes with Uber Technologies Inc.
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Publish Date:26/July/2017 | 05:10

Uber CEO Travis Kalanick Quits Under Pressure From Investors

EghtesadOnline: Uber Technologies Inc. Chief Executive Officer Travis Kalanick has resigned after a series of controversies that rocked the world’s largest technology startup and exposed deep problems with its male-dominated culture.
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Publish Date:21/June/2017 | 24:20

Uber CEO to Take Leave, Have Diminished Role After Scandals

EghtesadOnline: Uber Technologies Inc. Chief Executive Officer Travis Kalanick told staff he plans to take a leave of absence, without disclosing a return date. The company will be run by a management committee as it tries to navigate a wave of scandals.
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Publish Date:14/June/2017 | 06:39

Uber Board Will Weigh Removing Executive Emil Michael

EghtesadOnline: Uber Technologies Inc.’s board is expected to meet Sunday to discuss whether to part ways with top business executive Emil Michael, a chief confidant of Uber Chief Executive Officer Travis Kalanick, according to two people familiar with the matter.
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Publish Date:12/June/2017 | 04:37

Alphabet Driverless Ambitions Looked Stalled. Then It Sued Uber

EghtesadOnline: Not so long ago Alphabet Inc.’s self-driving ambitions seemed to have lost momentum despite the company being among the earliest to put experimental autonomous cars on the road. There was no business plan, and Alphabet was in danger of losing its first-mover advantage to traditional automakers and Silicon Valley startups, including Uber Technologies Inc. It looked as though the company had started another moonshot.
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Publish Date:01/June/2017 | 11:15
The ride-hailing giant is using data science to engineer a more sustainable business model, but it’s cutting drivers out from some gains.

Uber Starts Charging What It Thinks You’re Willing to Pay

EghtesadOnline: Uber drivers have been complaining that the gap between the fare a rider pays and what the driver receives is getting wider. After months of unsatisfying answers, Uber Technologies Inc. is providing an explanation: It’s charging some passengers more because it needs the extra cash.
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Publish Date:20/May/2017 | 05:23
The ride-hailing giant opens up about its financials for the first time in an interview with Bloomberg.

Uber , Lifting Financial Veil, Says Sales Growth Outpaces Losses

EghtesadOnline: Uber Technologies Inc. isn’t required to report its finances publicly, but the privately held company has decided to forgo that luxury for the first time. Uber said its revenue growth is outpacing losses, hoping to show the business is on a strong trajectory as it attempts to address a recent cascade of scandals.
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Publish Date:16/April/2017 | 04:06
Rachel Whetstone, the head of policy and communications, left the embattled ride-hailing startup.

Uber Loses Another Senior Executive Amid Turmoil

EghtesadOnline: Uber Technologies Inc. Chief Executive Officer Travis Kalanick is struggling to hold onto his top lieutenants as the company faces an onslaught of scandals.
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Publish Date:12/April/2017 | 08:49

Uber Tells Court It Isn't Using Waymo Robocar Sensor Secrets

EghtesadOnline: Uber Technologies Inc. has an alibi for Alphabet Inc.’s allegations of trade-secrets theft -- the ride-hailing company’s driverless car technology is completely different from its rival’s designs.
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Publish Date:08/April/2017 | 04:42

Uber suspends self-driving car program after Arizona crash

EghtesadOnline: Uber Technologies Inc suspended its pilot program for driverless cars on Saturday after a vehicle equipped with the nascent technology crashed on an Arizona roadway, the ride-hailing company and local police said.
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Publish Date:26/March/2017 | 06:16
Under pressure from harassment and sexism allegations, the ride-hailing giant is rethinking its approach to hiring.

As Uber Grew Hastily, Diversity Took a Backseat

EghtesadOnline: Efforts to hire more women and people of color at Uber Technologies Inc. have been long hindered by a peculiar constraint. Members of the recruiting team were denied access to information about the company’s diversity makeup, according to several people familiar with Uber ’s hiring apparatus.
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Publish Date:25/March/2017 | 05:38

Alphabet adds patent claim to Uber intellectual property theft lawsuit

EghtesadOnline: Alphabet Inc's self-driving car unit Waymo on Friday added a new patent claim to its intellectual property lawsuit against Uber Technologies Inc and requested a preliminary injunction to stop the ride-sharing service from using what it says is proprietary information, a court filing showed.
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Publish Date:11/March/2017 | 24:47