The Washington Post

ALSO I N BUSINESS

- — From news services

Uber drivers are employees, not contractor­s, and so they are entitled to greater workers’ rights under local labor laws, a Dutch court ruled on Monday, handing a setback to the U.S. company’s European business model. It was another court victory for unions fighting for better pay and benefits for those employed in the gig economy and followed a similar decision this year about Uber in Britain. Uber said it would appeal the decision and “has no plans to employ drivers in the Netherland­s.”

Walmart said on Monday that a news release announcing a partnershi­p with litecoin, which briefly led to a nearly 30 percent surge in the cryptocurr­ency’s price, was fake. The retailer said it was looking into how such an announceme­nt, which was published by news release distributo­r Globenewsw­ire, was issued earlier in the day. After Walmart called it fake, Globenewsw­ire published a notice to “disregard” the news release. It did not comment when asked about the fake statement or subsequent notice.

Toast is aiming for a valuation of more than $16 billion in its U.S. initial public offering, according to a regulatory filing on Monday by the start-up that sells software to help restaurant­s with online and in-store orders. The 10-yearold company provides a software platform that allows restaurant­s to manage online ordering, operate an on-demand delivery network and integrate payment.

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