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CHICAGO — Taxi drivers staged a demonstration against ride-sharing services this morning, driving around the Loop for four hours without picking up fares.

The protest took place between 6 a.m. and 10 a.m.

It was followed by a press conference at City Hall.

Traditional taxi drivers consider ride-sharing companies like Uber a threat to their businesses because of limited regulations.

Meantime, the City of Chicago has agreed to award a license to Uber after the company signed off on several security measures.

Those include a stronger background check system for drivers, and regular safety audits.