Uber settles with drivers without compromising on their contractor status

Uber Technologies has arrived at a settlement with drivers in two lawsuits, that could see the company paying up to US$100 million, but without a change in the classification of its drivers from independent contractors to employees.The settlement, submitted in court Thursday, is a big boost for the ride-hailing app company as driver reclassification would have raised its costs in terms of employee benefits as well as set a precedent for similar court disputes against on-demand companies that typ