By Michael Fleeman LOS ANGELES (Reuters) - Taxi drivers in Los Angeles will be required to use an Uber-style app allowing riders to hail cabs from mobile phones, city officials decided on Thursday, in a move to help licensed taxis compete against ride-sharing services. “It’s probably not going to be a panacea but it’s going to improve things,” said Los Angeles Board of Taxicab Commissioners President Eric Spiegelman. “At the very least, it’s a gigantic first step.” Los Angeles cab companies, which operate 2,300 licensed taxis, reported a 21 percent drop in rides last year and complain that they are bound by regulations on issues such as safety and fare structure that do not apply to ride-share companies. A taxi app could be particularly popular in Los Angeles, where it can be difficult to hail a cab from the street.
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