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The Wall Street Journal reported Uber’s filing earlier on Friday. Becoming a public company will bring a heightened level of investor scrutiny and exposure to Uber, which suffered a string of scandals when the company was led by co-founder and former CEO Travis Kalanick, who resigned last year. The controversies included allegations of sexual harassment, obtaining the medical records of a woman raped by an Uber driver in India, a massive data breach, and federal investigations into issues including possibly paying bribes to officials and illicit software to evade regulators cartier cufflinks uk online.
Khosrowshahi and his leadership team have worked to reset the workplace culture and clean up the messes, including settlements with U.S. states over the data breach and with Alphabet’s self-driving car unit, Waymo, which had sued Uber for trade-secrets theft. Uber today is a different company than the vision its founders pitched to early investors, which helped it become the most highly valued venture-backed company in the United States. After concessions in China, Russia and Southeast Asia, where Uber sold its business to a local competitor, and the prospect of another merger in the Middle East, Uber is far from being the dominant global ride-hailing service it set out to be cartier cufflinks uk online.
Still, Uber operates in more than 70 countries, while Lyft is in the U.S. and Canada, although the smaller company is plotting a global expansion cartier cufflinks uk online. Uber has also added a number of other businesses, which are growing but have yet to show sustainable profits, in a bid to become a one-stop mobility app. Those include freight hauling, food delivery and electric bike and scooter rentals. Meanwhile, its self-driving car unit is costing the company about $200 million a quarter, according to investors, but Uber’s program has retrenched since one of its autonomous cars killed a pedestrian in March..
ZURICH (Reuters) – Swiss private bank Julius Baer (BAER.S) is in talks about transferring its Venezuelan book of business to Spain’s Banco Santander (SAN.MC) as Baer reorganizes operations in Latin America, sources close to the situation have told Reuters. Baer said in October it was closing its branches in Peru and Panama as part of its effort to focus on larger markets in the region such as Mexico, Brazil and Argentina. A source familiar with the situation, who asked not to be identified, said on Saturday that talks with Santander over Baer’s Venezuelan book of business were under way but had not yet been concluded cartier cufflinks uk online.
Last month, another source told Reuters on condition of anonymity that Santander was talking to Julius Baer about taking over some of the Swiss bank’s clients in Venezuela. A third source said a potential deal would not involve the transfer of any portfolio or assets, but rather come as referral agreement where the Spanish bank could access Baer’s clients. A spokesman for the Spanish bank declined to comment. Switzerland’s Neue Zuercher Zeitung newspaper reported on Saturday that Baer had ended ties in April with hundreds of clients in Venezuela with less than $1.5 million each in assets, and that the remaining clients there had more than $20 million each in assets cartier cufflinks uk online.