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Uber customer claims company won price-fixing suit because arbitrator was scared

An Uber customer on Friday asked a Manhattan federal judge to overturn an arbitration win for the company in a price-fixing case, arguing that the arbitrator only ruled in Uber's favor because he was scared......»»

Category: topSource: reutersMay 22nd, 2020

Nashville General part of $120 million drug settlement

In a class-action lawsuit led by Nashville General Hospital, a pharmaceutical company and its distributor have agreed to pay $120 million to settle claims of price fixing, among other accusations. New Jersey-based distributor Sandoz Inc. will pay $.....»»

Category: topSource: bizjournalsDec 24th, 2019

Novartis vows to fight U.S. price-fixing claims against Sandoz unit

Novartis on Monday said claims of price fixing against its Sandoz generics unit amid a U.S. probe of 20 drugmakers are without merit, with the Swiss company vowing to fight allegations in a lawsuit filed last week......»»

Category: topSource: reutersMay 13th, 2019

Uber slashes 3,700 jobs as Covid-19 takes toll on ride-hailing industry

Uber Technologies is again taking a massive slice out of its workforce, eliminating 3,700 positions in its customer support and recruiting teams, the company said Wednesday. The latest cuts are a result of the economic tsunami that has hit the compa.....»»

Category: topSource: bizjournalsMay 6th, 2020

Uber to lay off 14% of staff as ridership declines due to COVID-19

Uber Technologies Inc. announced in a Wednesday filing that it plans to lay off 3,700 full-time employees in customer-support and recruiting roles as the company deals with a steep drop off in rides volum.....»»

Category: topSource: marketwatchMay 6th, 2020

Buttermilk restaurants, movie theater file class-action suit against insurance company that denied COVID-19 claims

The owners of the Buttermilk restaurants and a movie theater in Woodridge have filed a federal class action lawsuit charging their insurance company wrongly denied claims for lost in.....»»

Category: topSource: chicagotribuneMay 1st, 2020

Uber Stocks Tumble, as Company Ponders Coronavirus Driver Suspension

Uber’s share price has plummeted almost 10%, as the ride-hail comp.....»»

Category: topSource: redherringMar 12th, 2020

Amazon cracks down on coronavirus price gouging

The company pulled more than 1 million products that made false claims about the coronavirus......»»

Category: topSource: moneycentralFeb 27th, 2020

Amazon cracks down on coronavirus price gouging

The company pulled more than 1 million products that made false claims about the coronavirus......»»

Category: topSource: moneycentralFeb 27th, 2020

Uber closing office in downtown Los Angeles

Uber Technologies Inc is closing its office in downtown Los Angeles, where the ride-hailing company employs customer support staff, to focus on its bigger locations......»»

Category: topSource: reutersFeb 18th, 2020

Uber says it is closing office in downtown Los Angeles

Uber Technologies Inc said late on Tuesday that it was closing its office in downtown Los Angeles, where the ride-hailing company had employed customer support staff......»»

Category: topSource: reutersFeb 18th, 2020

Truckmakers win dismissal of German suit alleging price-fixing, Bloomberg says

See the rest of the story here. Theflyonthewall.com provides the latest financial news as it breaks. Known as a leader in market intelligence, The Fl.....»»

Category: blogSource: theflyonthewallFeb 7th, 2020

Quanta Storage to appeal ruling favoring HP

Quanta Storage will file an appeal against a US court ruling in favor of HP, which accuses the Taiwan-based company and six other disk-drive makers of participating in a price-fixing scheme......»»

Category: topSource: digitimesJan 7th, 2020

HealthNow moves to dismiss whistleblower suit

The Buffalo-based parent of BlueCross BlueShield of Western New York cites implausible claims and contradictions in its response to a lawsuit that accused the company of overcharging school districts and the state and federal government by millions......»»

Category: topSource: bizjournalsDec 20th, 2019

Bumble Bee files for bankruptcy in wake of price fixing

In 2017, the company pleaded guilty to price fixing after forming a cartel with Chicken of the Sea and Starkist......»»

Category: topSource: moneycentralNov 22nd, 2019

Bumble Bee files for bankruptcy after $25 million fine for tuna price fixing

In 2017, the company pleaded guilty to price fixing after forming a cartel with Chicken of the Sea and Starkist......»»

Category: topSource: moneycentralNov 22nd, 2019

Uber has "underappreciated pricing leverage," Guggenheim says in bullish initiation

Guggenheim's Jake Fuller began coverage of Uber Technologies Inc. shares with a buy rating and $40 target price on Friday, writing that the company h.....»»

Category: topSource: marketwatchOct 25th, 2019

Lyft sues city over cruising cap

Less than a month after Uber sued the city over regulations that put a cap on cruising times, Lyft has chimed in. The No. 2 ride-hail company filed suit Friday evening, asking that the Taxi and... To view the full story, click the title link......»»

Category: blogSource: crainsnewyorkOct 12th, 2019

Employee Morale At Uber Decimated As Company Slashes Jobs, Cuts Office Perks Like Coffee

Employee Morale At Uber Decimated As Company Slashes Jobs, Cuts Office Perks Like Coffee Uber's stock price has fallen more than 30% since its IPO, catalyzing a "tightening of the belt" at the company that has caused office perks - .....»»

Category: blogSource: zerohedgeOct 3rd, 2019

Peloton has spent $50.6 million on music — but this suit says it owes $300 million more

Music publishers have doubled claims against the online exercise company for spinning songs without proper licensing......»»

Category: topSource: marketwatchSep 16th, 2019

StarKist to pay $100 million fine in tuna price-fixing case

The company pleaded guilty to colluding with other tuna packers to keep prices artificially high.....»»

Category: topSource: moneycentralSep 12th, 2019