Uber has a plan to fix its reputation; Payless could be the latest retailer to declare bankruptcy, and more news.

Uber has a plan to fix its reputation; Payless could be the latest retailer to declare bankruptcy, and more news.

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Uber has laid out its plan for repairing its reputation — and getting rid of CEO Travis Kalanick isn’t part of it. Board member Arianna Huffington and execs shared next steps in a conference call, where she reiterated the board's confidence in Kalanick. One of the company’s top priorities remains finding a COO, while Uber’s SVP of HR called out fixing the company’s “cult of the individual.” Despite all the recent turmoil, Uber had more rides this past week than ever before.

In other Uber news… A Washington state judge ruled in favor of a Seattle law allowing freelance ride-hailing drivers to collectively bargain. Uber's efforts to block the law have only been temporarily thwarted: It still faces two other suits in federal court.

US equities had their worst day of 2017 on Tuesday as the Dow fell 240 points and the S&P 500 dipped by 1.2%. Banks have faced pressure over declining yields and amid uncertainty over the health care reform vote in the House.

Amazon says it's moving fast to eliminate counterfeit goods from its website in the coming months by using a brand registry where legitimate sellers can protect their intellectual property. In the past, brands have complained about the proliferation of knockoffs being sold on the site. Now, Amazon wants to make sure it’s seen as “an ally rather than a threat.”

Airbnb is making moves to conquer the Chinese travel market through a number of initiatives, including renaming itself "Aibiying" (translation: "welcome each other with love"). Aibiying wants to triple its local workforce, and recently debuted its “Trips” feature in Shanghai to help travelers plan experiences.

Discount shoe chain Payless could file for bankruptcy as soon as next week, Bloomberg reports. It's been a "tumultuous year in retail," with Payless joining a slew of others including American Apparel. Fashion retailer Bebe is also feeling the strain, and announced it would shutter all its stores to move entirely online.

President Trump signed a bill into law that authorizes $19.5 billion in NASA funding for the 2018 budget year and adds human exploration of Mars as an agency objective. NASA will use part of its budget to fund its Orion crew capsule and Space Launch System rocket – the end goal for those systems is sending astronauts to Mars.

Cover Photo: Uber CEO Travis Kalanick delivers a speech at the Third Netease Future Technology Conference on June 28, 2016 in Beijing, China. (Photo by Wang K'aichicn/VCG/VCG via Getty Images)

Madri Wentzel

MERCHANDISE MANAGER (Buco)

7 年

Werner Kriel

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Meenakshi Saxena

Associate Manager-Shiprocket I Ex. Pickrr I Asort I SPOTON I Jabong

7 年

Uber not only cheating there customers, they are cheating on there people as well.. check out the ground reality

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Christina Pagel

Director of Operations at MetroEHS Pediatric Therapy

7 年

I left Payless just in time. Attention Retail Companies: adapt or die.

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Sanjeev Choudhary

Test Automation Architect | Agile Practitioner | Functional & Automation Consultant | Accessibility Analyst

7 年

Uber must be closed since they don't know customers value, only they know is to cheat people do forgery and frauds and take money from customer without giving any service. Shutdown Uber and start begging at least people will show some pity on you and give some money on their own wish instead of getting cheated by you. #closeUber

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