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Stock impact report

Uber, Lyft Reach Agreement With Massachusetts on Driver Benefits [Yahoo! Finance]

Uber Technologies, Inc. (UBER) 
Last uber technologies, inc. earnings: 2/6 04:05 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Most Read from Bloomberg Supreme Court Poised to Allow Emergency Abortions in Idaho SpaceX Tender Offer Said to Value Company at Record $210 Billion Bolivia's President Arce Swears in New Army Chief After Coup Bid China's Finance Elite Face $400,000 Pay Cap, Bonus Clawbacks Supreme Court Ends OxyContin Settlement, Cracking Sackler Shield The companies also will pay a combined $175 million to the state to settle allegations they violated Massachusetts wage and hour laws, state Attorney General Andrea Campbell said Thursday in a statement. Uber and Lyft will put in place a minimum wage standard for active driving time, offer paid sick leave and pay a cash stipend for health insurance, among other changes, Campbell said in the statement. “We've resolved historical liabilities by constructing a new operating model that balances both flexibility and benefits,” Uber Chief Legal Officer Tony West said in a separate statement. Campbell's lawsuit against Uber and ride-hailin Show less Read more
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