Several passing motorists honked in sympathy with the cab drivers, but most were not impressed with the protest.

Pat Greenhouse/Globe Staff

Several passing motorists honked in sympathy with the cab drivers, but most were not impressed with the protest.

Cambridge taxi drivers strike to protest Uber, Lyft

Dozens of drivers said ride-hailing services openly flout existing regulations and undercut taxi owners.By Dan Adams and Jack Newsham

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Latest Business headlines

Foreclosure filings up sharply in June

Massachusetts foreclosure filings shot up 81 percent in June compared to the year before, continuing a rise in foreclosure activity that began early last year, according to a Boston real estate tracker.

CVS earnings rise despite no tobacco fix

Pricey specialty drugs helped CVS Health cope with tobacco withdrawal to top analyst expectations in the second quarter.

No more Viagra: CVS drops coverage of erectile dysfunction drug

CVS Health Corp. dropped Pfizer Inc.’s erectile dysfunction medication Viagra from its list of coverage for drug insurance benefits, two years before the treatment is expected to face generic competition.

Comcast speeding up its discounted Internet service

Comcast is speeding up its discounted Internet service and will offer it to more people.

Greece: Prospect of new election grows, markets hit

Greece’s left-wing government conceded Tuesday that dissent within the ruling party was likely to force an early election, while markets fell again under the weight of plummeting bank shares.

Freddie Mac to pay $3.9 billion dividend

Mortgage giant Freddie Mac reported net income of $4.2 billion for the second quarter, up sharply from the same period of 2014, as it increased its purchases of home loans and sold off greater volumes of riskier mortgages.

Shire makes unsolicited bid to buy Baxalta for $30 billion

The Lexington drugmaker made its offer public Tuesday and accused Baxalta’s management of not taking the deal seriously.

Price increases take fun out of having fun in Boston

The cost of recreation and leisure activities here rose 3.7 percent in May, while the rest of the country enjoyed a decline.