Investors Push Uber's Valuation Past $40 Billion.

The article reports that Uber Technologies Inc., a company that makes a mobile-device application for arranging transportation, raised $1.2 billion in a funding round that imputes a value of $41 billion for the company. Additional information is included about the company's ongoing expansion, which include deepening its presence in France and elsewhere in Europe, as well as opposition it has encountered from conventional taxi services and regulators.