Stocks

Lordstown Motors taps new CEO, driving up shares

Shares of Lordstown Motors have surged as much as 25% Thursday on the electric vehicle maker's decision to appoint former Icahn Enterprises CEO Daniel Ninivaggi as its new chief executive officer and board member.

Uber, Lyft hit by Prop 22 punch

Ride-hailing giants Uber Inc. and Lyft Inc. were dealt a blow after a California judge ruled California’s Proposition 22, which classified drivers as independent contractors, was unconstitutional.

Judge rules California ride-hailing law is unconstitutional

Uber says it plans to appeal a California judge's ruling that struck down a state ballot measure that exempted app-based ride-hailing and delivery services from a state law requiring drivers to be classified as employees eligible for benefits and job protections.