Business > Economy

Judge deals Uber and Lyft a blow: ‘Overwhelming likelihood' drivers are employees, not contractors

5 monthes ago   |   By NY Daily News

Uber and Lyft must pump the brakes on classifying their drivers as contractors rather than employees while a lawsuit against the ride-hailing companies plays out, a California judge ruled Monday.
Read more ...

 

Uber, Lyft must convert drivers into employees, judge rules

5 monthes ago   |   By Fortune

Uber and Lyft were ordered to convert their California drivers from independent contractors to employees with benefits, an early loss in a court battle the gig economy can't afford to lose.
The judge's ruling Monday won't be the last word, as the ride-hailing companies are expected to appeal the far-reaching preliminary injunction that could make them halt their services as they figure out how to adjust their business model to comply with it.
The case brought by California officials to enforce a state labor law that took effect this year is the most serious legal threat yet to the gig...
Read more ...

 

A California judge ruled that Uber and Lyft have to classify their drivers as employees, not contractors

A California judge ruled that Uber and Lyft have to classify their drivers as employees, not contractors

5 monthes ago   |   By Business Insider

Uber and Lyft will have to treat their California drivers as employees rather than independent contractors, a judge ruled Monday.
The two companies were sued by the California attorney general to enforce a new labor law passed earlier this year by the state that requires gig workers to receive the same benefits and treatment as full-time employees.
Uber and Lyft are expected to appeal Monday's ruling. Both companies have argued that reclassifying drivers as employees could wreak havoc on their businesses.
Visit Business Insider's homepage for more stories .
Uber and Lyft have to treat...
Read more ...

 


Search by Tags

   Economy      Lyft      Uber      Health  


US stocks climb amid stimulus optimism ahead of Yellen hearing

US stocks climb amid stimulus optimism ahead of Yellen hearing

Summary List Placement US stocks rose on Tuesday as investors await Treasury Secretary nominee Janet Yellen's confirmation hearing in which she's expected to urge Congress to... Read more ...

Investor bets against the dollar are at their biggest in almost 10 years...

Investor bets against the dollar are at their biggest in almost 10 years, but rising Treasury yields are a red flag for bears, analysts say

Summary List Placement Bets against the dollar have risen to near their highest level in a decade, but uncertainty is creeping in about the greenback's short-term direction of... Read more ...

James Comey says the GOP needs to be 'burned down or changed,' calling the...

James Comey says the GOP needs to be 'burned down or changed,' calling the pro-Trump riot at the Capitol 'our own Chernobyl'

Summary List Placement Former FBI Director James Comey said that the Republican Party needs to be "burned down or changed," and called the pro-Trump Capitol riot "our own... Read more ...

Goldman Sachs' 4th-quarter earnings beat estimates as trading desks continue...

Goldman Sachs' 4th-quarter earnings beat estimates as trading desks continue to impress

Summary List Placement Goldman Sachs reported fourth-quarter figures on Wednesday that beat Wall Street's expectations for revenue and profit. The bank added $293 million to... Read more ...

Activist investor Ryan Cohen scores 300% gain on GameStop stock in under 6...

Activist investor Ryan Cohen scores 300% gain on GameStop stock in under 6 months

Summary List Placement Activist investor Ryan Cohen has notched a 300% gain on his GameStop investment. The Chewy cofounder spent $76 million for 9 million shares in the... Read more ...

Trump is starting his last full day in office hiding from the public and...

Trump is starting his last full day in office hiding from the public and plotting to steal Biden's thunder, as his approval ratings plummet to historic lows

Summary List Placement President Donald Trump is starting his last full day in office hiding from the public and with his lowest approval ratings ever. President-elect Joe... Read more ...

US stock futures rise as dollar and bonds fall ahead of Janet Yellen pledge...

US stock futures rise as dollar and bonds fall ahead of Janet Yellen pledge to 'act big' on stimulus

Summary List Placement US stock futures rose on Tuesday, while the dollar and bond prices fell, as investors awaited the confirmation hearing of Treasury secretary nominee... Read more ...

China Says Its Economy, Recovering From The Pandemic, Grew 2.3% Last Year

China Says Its Economy, Recovering From The Pandemic, Grew 2.3% Last Year

China's is likely the only major economy to have expanded in 2020, as the coronavirus pandemic gripped the world. (Image credit: Nicolas Asfouri/AFP via Getty Images) Read more ...

LA County has suspended air-quality regulations that limit the number of...

LA County has suspended air-quality regulations that limit the number of cremations as it handles a 'backlog' of bodies from the pandemic

Summary List Placement Los Angeles County has temporarily lifted air-quality regulations that limit the number of cremations that can be performed monthly as officials handle a... Read more ...

Former Trump campaign spokesman claims the only reason the president isn't...

Former Trump campaign spokesman claims the only reason the president isn't denouncing the Capitol riot more is because Twitter and Facebook banned him

Summary List Placement A former spokesman for President Donald Trump's reelection campaign has said that the reason Trump isn't denouncing the Capitol riot is that he no longer... Read more ...