| The KUIK Closing Market Report for Friday, May 15: | |||||||
| Markets were flat. | |||||||
| Index | Direction | Change | Units | Index | Time | Change | |
| Dow | Up | 20 | points | 18,272 | 1:08 PM | ||
| S&P500 | Up | 0.1% | percent | 2,123 | 1.63 | ||
| Nasdaq Composite | Down | -0.1% | percent | 5,048 | (2.50) | ||
| 30 Year Treasury | Down | (14) | Basis Points | 2.92 | Annual Yield | ||
| Entrepreneur Kevin Halpern has filed a lawsuit against Uber and some of its investors, alleging that they stole his idea for an on-demand ride-hailing company. In a suit filed in the San Francisco Superior Court, Halpern said he was the “original inventor” of the idea, technology and intellectual property that was used to develop on-demand ride-hailing using cell phones and GPS technology. The complaint said that Uber chief executive Travis Kalanick and co-founder Garrett Camp met with Halpern several times starting in 2006, and then later took the idea he had outlined to them to develop Uber. | |||||||
| Serving the West Side first I am Bill Roller of BR Capital for 1360 KUIK. | |||||||
| http://www.marketwatch.com/story/uber-sued-for-allegedly-stealing-the-idea-of-ride-hailing-2015-05-15?dist=afterbell’ | |||||||
| For today’s Closing Market Report click to listen-> | |||||||