Business

Uber founder resigns amid shareholder revolt

Travis Kalanick's founder's ruthless streak helped Uber become a fixture around the world before sleepy regulators and ...

Travis Kalanick has stepped down as chief executive of Uber, the ride-hailing service that he helped found in 2009 and that he built into a transportation colossus, after a shareholder revolt made it untenable for him to stay on at the company.

Brexit a 'lose-lose proposition': Soros

Soros has famously bet against the British pound before, and is not showing much faith in Britain's economy with Brexit ...

The billionaire who made a fortune betting against the pound in the 1990s warns Britain's economy could slow to such an extent that the decision to quit the EU might even be reversed.

Bonderman resigns from Uber board after sexist remark

Uber executive David Bonderman resigned after making comments he described as "careless, inappropriate, and inexcusable" ...

San Francisco: David Bonderman, an Uber board member and partner at private equity firm TPG, is resigning from the board of the ride-hailing company after he made a disparaging remark about women at an Uber meeting Tuesday, according to two people with knowledge of the matter, who asked to remain anonymous because the decision is confidential.

Uber executives' fates uncertain

Travis Kalanick of Uber.

After a Sunday meeting that lasted more than six hours, a representative for Uber's board said directors approved several changes, without providing clarity on the fates of chief executive Travis Kalanick or his confidant and head of business, Emil Michael.