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Lyft resumes shared electric bike rentals in NYC

NEW YORK – Lyft Inc will roll out a fleet of several hundred electric bikes for rent across New York City, the company said on Wednesday, 10 months after it pulled them following complaints and injury reports. The bikes will be available at any of the city’s nearly 900 Citi Bike stations for a per-minute […]

Uber and Lyft diversify routes in search of profit

NEW YORK – Uber Technologies Inc and Lyft Inc, the two leading U.S. ride-hailing companies, are on divergent paths as Uber pours money into money-losing side businesses while smaller rival Lyft focuses on moving people around. Uber shares shot up 9% on Friday after the company said on Thursday it could achieve a measure of […]