Lyft co-founders to step down from ride-hailing firm's board
Green and Zimmer began serving as the chair and vice chair of Lyft's board in 2023 after stepping down as CEO and president, respectively, handing the reins to David Risher, who has been a board member since 2021.
The duo founded Lyft in 2012, with the company now operating across four continents and nearly 1,000 cities.
Sean Aggarwal, who was the chair of Lyft's board from 2019 to 2023, will reprise his role.
Zimmer is launching a new consumer-focused business venture named YES&, while Green will continue as a venture partner at Autotech Ventures, a firm investing in the mobility and transportation sector.
Lyft, which recently completed its nearly $200 million acquisition of European mobility platform FreeNow, has signed a deal with China's Baidu (9888.HK), opens new tab to introduce the search-engine giant's robotaxis in the region.
It posted revenue of $1.59 billion in the second quarter, missing estimates of $1.61 billion, according to data compiled by LSEG.
Rides on Lyft's platform grew 14% to a record high of 234.8 million in the quarter, slightly below estimates of 235.9 million, per Visible Alpha.
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BBC News
an hour ago
- BBC News
What to know as Air Canada flights grounded and attendants go on strike
As Air Canada's flight attendants began their strike Saturday, the airline said it has "suspended all operations" while the labour dispute attendants gave a 72-hour strike notice earlier this week, after contract talks reached an impasse. Their union said the company was not addressing key issues such as wages and unpaid work, and the strike took effect shortly after midnight on afterwards, the carrier began delaying and cancelling some flights. On Friday, it expected to scrap 500 flights, affecting 100,000 passengers. With the strike in effect, the airline announced it would halt flights on its Air Canada and Air Canada Rouge travellers are scrambling as Canada's largest airline shuts down during the height of summer season, and the government is pleading with both sides to come to an agreement. Here's what to know. Why is Air Canada cancelling flights? The airline, which operates in 64 countries and has a fleet of 259 aircraft, warned that a "complete cessation of flying" would begin on Saturday, if the labour issues aren't resolved. Air Canada Express flights, which carry about 20% of Air Canada's daily customers, will not be affected. Still, a shutdown could affect 130,000 daily customers, including 25,000 Canadians. Upon receiving the strike notice, Air Canada issued its own 72-hour lock-out notice and began winding down operations, delaying and cancelling flights over those three Operations Officer Mark Nasr explained the airline's system was complex and not something "we can start or stop at the push of a button". What led to the strike? The Canadian Union of Public Employees (CUPE), representing 10,000 Air Canada attendants, has asserted that it bargained in good faith with the airline for more than eight months. The airline said it recently offered flight attendants a 38% increase in total compensation over four years, with a 25% raise in the first the union said the offer was "below inflation, below market value, below minimum wage" and would leave flight attendants unpaid for some hours of work, including waiting at airports ahead of flights or guiding the boarding process. They said that wages had not kept up with inflation, so that Air Canada's suggested pay increase was "in effect, a pay cut".Almost all of the attendants - 99.7% - voted to strike earlier this month. The company, meanwhile, has asked the government to representatives had facilitated some of the negotiations already, but the carrier went further and asked Canada's jobs minister, Patty Hajdu, to refer the matter for binding arbitration. How has the government responded? Earlier this week, Air Canada proposed having a third party step in to develop an agreement through what is called "binding arbitration", but the union rejected then asked the government to force the parties into binding arbitration, pointing to recent government interventions in rail, port and other negotiations. In binding arbitration, an independent third party sets the terms of a contract in an agreement that is legally union said in a statement on Friday that it had requested that Hajdu not intervene and, instead, allow "the parties to reach a resolution through free and fair negotiations, without undue interference". For the flight attendants, the only answer is for both sides to come back to the Hajdu side with the company, she would ask Canada's Industrial Relations Board to impose binding arbitration in order to protect the economy, according to Reuters, which reported that the board typically agrees to such requests, but after it has studied them for a few is pressure from other parts of Canada, as well. The Board of Trade for the Toronto region has called for a government intervention , while the province of Newfoundland and Labrador released a statement describing the impact of a strike as "catastrophic" for the tourism industry during the summer season. How long will the strike last? That's unclear. When Air Canada pilots went on strike in September 1998 for 13 days, all of the carrier's more than 600 daily flights were grounded, stranding passengers and costing the airline C$133m ($96m; £71m) before a negotiated deal was recent years, the federal government has stepped in during labour disputes by Air Canada workers by blocking strikes and imposing union said imposing arbitration would stop the first strike by the carrier's flight attendants since 1985. What to do if your flight is cancelled? Air Canada has said it will notify passengers if there is a change to the flight's scheduled departure time. As of Saturday, Air Canada was "strongly advising" passengers not to go to the airport unless they had tickets on other whose flights are cancelled will be notified and receive a full refund, the airline said. The company has also made arrangements with other Canadian and foreign carriers to provide customers alternative travel it's a round trip, return flights are not automatically cancelled in case the passengers reaches the destination. Those bookings can be cancelled with no fees.
Daily Mail
2 hours ago
- Daily Mail
The 'King of American Coins' is found in 'grandpa's closet' after 70 years... and is set to fetch $5million
Where James A. Stack Sr. acquired it is a mystery that may never be solved - but for more than 70 years, one of the rarest coins in American history sat quietly in his family's collection. Stack, a prominent New York banker and one of the most discerning coin collectors of the 20th century, began building his collection in the late 1930s with a bold goal: to assemble the most complete and highest-quality cabinet of U.S. coins possible. He pored over landmark sales, forged relationships with top dealers, and handpicked pieces not just for rarity, but for their pristine condition and impeccable provenance. By the time of his death in 1951, Stack's holdings spanned everything from early American copper to spectacular gold issues, along with rarities in U.S. paper money, ancient coins, and world currency. His collection included some of the greatest trophies in American numismatics - an 1802 half dime, an 1894-S dime, an 1838-O half dollar, the 1815 half eagle, and the finest known 1870-S silver dollar. Even the notorious 1933 double eagle once sat in his albums before being surrendered to the Secret Service, leaving behind only his wry note: 'Secret Service has mine.' One of his most elusive prizes - an 1804 silver dollar known as the 'King of American Coins' - has remained hidden since the 1940s. Just 16 examples are known to exist, and this one is considered the finest of the so-called 'Class III' type in private hands. It will be seen publicly for the first time next week at the American Numismatic Association's World's Fair of Money in Oklahoma City before going under the hammer on December 9, where it's expected to fetch up to $5 million. John Kraljevich, numismatic historian with Stack's Bowers Galleries, which is handling the sale told Daily Mail: 'It certainly has the upshot of making some people who thought they knew everything about everything, or at least everything about this coin, second guess. 'There's always another collection sitting in grandpa's closet. That's why we do what we do - the joy of discovery and the hunt for hidden treasure.' Despite its date, no silver dollars were actually struck in 1804. 'None of the silver dollars made in 1804 were actually dated 1804,' Kraljevich explains. 'In 1834 they wanted diplomatic gifts for heads of state, so they made new dies and put 1804 on them.' Those first pieces went to rulers such as the King of Siam and the Sultan of Muscat - instantly making them rarities. Later, in the late 1860s and early 1870s, Mint employees struck a few more off the books for collectors. This newly surfaced piece is one of those so-called 'Class III' examples. 'It's high grade, it's beautiful, and it's the only one among all the Class Threes in private hands with that kind of caliber,' Kraljevich says. 'Among the Class Threes, this is far and away the best one any collector will have a chance to bid on,' he added. Stack's Bowers Galleries in New York will auction the newly discovered legendary rare coin on December 9 The 'King of American Coins' nickname dates back to 1941. 'That was marketing talk from another numismatic auctioneer… a Lithuanian immigrant named B. Max Mehl, sort of the PT Barnum of the coin industry,' Kraljevich says. 'He spent hundreds of thousands of Depression-era dollars on marketing, got everyone looking for rare coins in their change, and really helped coin collecting blossom.' Where Stack Sr. acquired the coin remains a mystery. 'We have no backstory,' says Kraljevich. 'The collector bought this between the late 1930s and 1951 in New York… where it was sourced before that is anybody's guess.' Kraljevich believes the coin's pristine state and fresh-to-market appeal could drive bidding sky-high. 'We're thinking probably four to five million… but anything could happen. People love new discoveries and stories of hidden treasure. You get two wealthy individuals who decide they just have to have it, and records will be set.' So why does the king still reign? 'Everybody loves a controversy,' Kraljevich says. Vendor Warren Mills is seen at a previous gathering of the American Numismatic Association's World Fair of Money 'You've got government officials behaving badly, early U.S. diplomacy, colorful collectors, and just enough conspiracy to keep people talking. 'None of these coins are what they seem - they all have a little bit of a secret side. 'Owning one automatically elevates a collection and the collector's place in history.' Only seven or eight examples of the 1804 dollar are in private hands today. The last one sold - the famed Sultan of Muscat specimen - fetched $7.68 million in 2021.
Daily Mail
2 hours ago
- Daily Mail
$83m cash bonanza as surprise checks sent to residents in red state
Thousands of Americans could soon find surprise checks arriving in their mailboxes thanks to a new state law aimed at reuniting residents with unclaimed money - without them having to lift a finger. Act 114 of 2025, which went into effect last week, allows the Arkansas State Auditor's office to automatically return property valued at less than $5,000 to its rightful owner if they live in the state and the auditor 'reasonably believes' it belongs to them - even if they never filed a claim. State Auditor Dennis Milligan says the change means the agency will start sending out nearly $83 million in unclaimed property to around 360,000 people in the coming months, with the average payout expected to be just over $100. 'The next two or three months is going to be a lot of fun for Arkansans, because the checks will start going out,' Milligan told the MH Observer. 'This program is very, very important to me. You know, $200 might not mean anything to one person, but it may mean the difference between being able to pay a utility bill or … put[ting] some food on the table.' One in four Arkansans has money sitting in the unclaimed property program, which the auditor's office manages alongside its other duties. In total, the office holds around $400 million in unclaimed assets - money that can come from abandoned checking accounts, uncashed rebate checks, insurance adjustments, and even unclaimed wages. Milligan says he's had his own small payday from the program: 'I got 20 bucks here a while back off of some kind of rebate. 'A former employer tried to send you your last check, and they couldn't find you, so they forwarded it to us. It's a multitude of different reasons why we get sent this money.' While much of the unclaimed property is cash, some is far more unusual. The office maintains a catalog of items from abandoned safe deposit boxes, including a World War II-era telegram referencing Gen. Dwight D. Eisenhower, a $10,000 bill, and signed Nolan Ryan baseball cards. Until now, reclaiming any amount - even a few dollars - required filling out paperwork and verifying identity. But Republican Sen. Dave Wallace of Leachville, who sponsored the bill, said Milligan approached him last year with the idea to streamline the process. 'The state has $238 that belongs to either me, or my wife, Karen, from some event a couple years ago. I didn't even know about it,' Wallace told the MH Observer. 'And there's going to be thousands and tens of thousands of Arkansans in that same situation.' The auditor's office will use software to confirm identities and addresses before mailing checks, with letters going out first to alert recipients. As long as the notice isn't returned as undeliverable, the check will follow a few weeks later. 'I mean, who can argue about Arkansans getting their money back?' Milligan said. 'I haven't had anybody complain yet.' The automatic payments only apply to amounts under $5,000. Anyone owed more than that - or with physical property or jointly held assets - will still need to file a claim through the state's unclaimed property database. Milligan still encourages residents to check the online database from time to time, noting that even Governor Sarah Huckabee Sanders has unclaimed property listed in her name.
