Author: Reuters

Uber, beset by scandal, faces battle over ‘destructive’ lawsuit

SAN FRANCISCO (Reuters) – Ride-services company Uber is facing a divided board of directors and angry shareholders after investor Benchmark Capital filed a lawsuit against the company’s ousted chief executive, Travis Kalanick, dealing another blow to the firm as it struggles to recover from a series of scandals and hire a new leader. Powered by...

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Wall Street opens higher after weak inflation data

(Reuters) – U.S. stock indexes opened slightly higher on Friday after data showed tepid inflation that could lead the Federal Reserve to hold off from raising rates this year, even as investors remained cautious over heightened tensions between the United States and North Korea. Powered by...

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