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Uber lays off about 350 employees: RPT

Uber has laid off roughly 350 workers, according to a new report from Tech Crunch. The layoffs reportedly impact employees in Uber Eats, its advanced technologies group, and recruiting. This comes as the ride-hailing company continues to pressure New York City over a new rule that would limit the amount of time drivers spend on the road without riders. Yahoo Finance’s Zack Guzman and Brian Cheung discuss the latest Uber news and more with Flat World Partners CEO, Anna-Marie Wascher. …read more […]

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UPDATE 1-Harley-Davidson halts electric motorcycle production

Harley-Davidson Inc said on Monday it has stopped production and deliveries of its first electric motorcycle after discovering a glitch in the final quality checks. The motorcycle maker said it has discovered a “non-standard condition” with LiveWire, which it began shipping to its dealers late last month, prompting additional testing and analysis. Harley’s shares turned lower on the news and were last trading down 1% at $34.73. …read more […]

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Harley Halts Output of the Electric Bike It’s Bet On for Revival

(Bloomberg) — Harley-Davidson Inc. shares fell Monday after the company halted production of LiveWire, the debut electric bike it’s counting on to attract new riders.The motorcycle maker recently discovered an issue during final quality checks, according to an emailed statement that doesn’t provide details. Harley said it stopped production and deliveries as it conducts additional testing and analysis.Harley shares reversed gains and plunged as much as 2% before trading little changed as of 2 p.m. New York time. The stock has risen about 3% this year, trailing the 18% gain by the S&P 500.The Wall Street Journal reported earlier that …read more […]

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Apollo Offers About $40 Per Share for Hilton Grand

(Bloomberg) — Apollo Global Management Inc. made a first-round offer for Hilton Grand Vacations Inc. valuing the timeshare resort operator at about $40 per share, according to people familiar with the matter.The Blackstone Group Inc. also bid for the Orlando, Florida-based company, said the people who asked to not be identified because the matter isn’t public.Hilton Grand Vacations’ shares rose to their highest level since June 2018, jumping as high as 10.3%. The shares were up 6.1% to $34.65 at 1:07 p.m. in New York trading, giving the company a market value of about $3 billion.Representatives for Apollo and Blackstone …read more […]