Car-Sharing Startup Getaround Raises $140 Million as Business Recovers From Pandemic Low | Investing News

(Reuters) – Car-sharing company Getaround Inc on Wednesday said it has raised $140 million in additional venture capital funding at a time when its business is seeing growing demand and recovering from a collapse during the early days of the coronavirus pandemic.

The San Francisco-based company, backed by Japan’s SoftBank Group Corp <9984.T>, has raised a total of nearly $600 million since it was founded more than ten years ago and in previous rounds was valued at more than $1.5 billion.

The company allows private vehicle owners to rent out their cars through Getaround’s platform on an hourly or daily basis and operates in over 100 U.S. cities and more than 170 European locations after the company acquired a local competitor in 2019.

Getaround’s business suffered during the initial outbreak of the novel coronavirus in March and April, when demand dropped 75% and the company sought financial support from a

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Fake COVID-19 news makes you want to treat yourself on the cheap

fake news
Credit: CC0 Public Domain

People exposed to fake news during the already uncertain COVID-19 era are simultaneously compelled to treat themselves and to try to save money, according to new research from CU Boulder and the University of New Hampshire.


The findings are published in an upcoming edition of the Journal of the Association for Consumer Research.

Participants exposed to fake news said they felt more uncertainty about their lives. The researchers found this effect was compounded by the pandemic. It even occurred when researchers reminded participants that fake news exists.

The researchers then asked participants a series of questions about making hypothetical choices between premium or cost-effective food and grocery products.

“The finding that surprised us is that this uncertainty can cause people to feel a joint desire to save their money for a murky future and also to spend a little bit to make themselves feel better about

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Project Big Picture: Premier League owner claims only six clubs back proposals | Football News

A Premier League club owner has told Sky Sports News only six top-flight teams are in favour of Project Big Picture proposals, ahead of a shareholder meeting on Wednesday.

All 20 Premier League clubs will be involved in a virtual meeting to discuss the proposals at 11am.

“We are 100 per cent against the plans,” he said. “If there was a vote now I would be surprised if more than six supported it. I can guarantee you the majority of club owners are against it.

“Who knows, somebody might be able to come up with a compromise but there is no way we could support what’s on the table now.”



Rick Parry




3:34

Sky Sports News’ Rebecca Williams explains how Premier League and EFL clubs have reacted to the proposals within Project Big Picture

The proposals would give special status and preferred votes to the so-called big six clubs – Manchester United,

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Pekin council schedules public hearing on proposed business district – News – Journal Star

The Pekin City Council unanimously voted to schedule a public hearing regarding a proposed Business Development District during Monday’s meeting.

“Several weeks ago, we had a public hearing on the Business Development District ordinance,” said City Manager Mark Rothert. “There was some discussion to go back and add in a 1% Hotel/Motel Tax to the BDD ordinance. That required us to go back and re-start the public hearing process.”

A public hearing on the BDD ordinance is scheduled for Oct. 26 at 4:30 p.m., with another public meeting slated for Nov. 2 at 5 p.m. The council will consider the creation of a BDD at the Nov. 9 meeting.

A proposal to seek public assistance funding from the Federal Emergency Management Agency, through the Illinois Emergency Management Agency passed with unanimous consent. The funding would reimburse the city for expenditures on personal protective equipment, sanitation and safety materials, and medical

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Owasso Chamber connecting local business leaders in engaging ways | News



owasso chamber

Brady Deaton, business developer at Paul David Restoration in Tulsa (left), and McKenzie Dildy, director of development for Arubah Community Clinic in Collinsville, met at the Owasso Chamber of Commerce’s Business Over Breakfast Tuesday morning. ART HADDAWAY/Owasso Reporter


Brady Deaton and McKenzie Dildy may live in different parts of Tulsa County, but they have Owasso to thank for their newfound friendship.

Deaton, business developer at Paul David Restoration in Tulsa, and Dildy, director of development for Arubah Community Clinic in Collinsville, met at the Owasso Chamber of Commerce’s Business Over Breakfast Tuesday morning.

The two were among over a dozen local business leaders to convene at Prosperity Bank off of 96th Street as part of the bimonthly event, with Tuesday serving as the Chamber’s first gathering since March due to COVID-19.

It was also Deaton’s and Dildy’s first time attending a Business Over Breakfast in Owasso, which gave them an

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Icac NSW inquiry live: Gladys Berejiklian survives no-confidence motion as Daryl Maguire questioned | Australia news





Berejiklian survives no-confidence motion by a single vote

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Exclusive: Huawei in Talks to Divest Parts of Honor Smartphone Business, Sources Say | Investing News

HONG KONG (Reuters) – Huawei Technologies Co Ltd is in talks with Digital China Group Co Ltd <000034.SZ> and other suitors to sell parts of its Honor smartphone unit in a deal that could fetch up to 25 billion yuan ($3.7 billion), people with knowledge of the matter said.

Embattled Huawei is resetting its priorities in the face of U.S. sanctions and will focus on its higher-end Huawei phones rather than the Honor brand which is aimed at young people and the budget conscious, they said.

The assets to be sold have yet to be finalised but could include Honor’s brand, research & development capabilities and related supply chain management business, two of the people said.

The deal may be an all-cash sale and could end up smaller, worth somewhere between 15 billion yuan and 25 billion yuan, one of the people said.

Digital China, the main distributor for Honor

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Icac NSW inquiry live: Gladys Berejiklian attacks ‘offensive’ questions as Daryl Maguire grilled on cash-for-visa scheme | Australia news





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Opioid Drug Maker Mallinckrodt Files for U.S. Bankruptcy Protection | Investing News

Reuters

FILE PHOTO: Bottles of prescription painkillers Oxycodone Hydrochloride, 30mg pills, made by Mallinckrodt sit on a counter at a local pharmacy, in Provo, Utah, U.S., April 25, 2017. REUTERS/George Frey/File PhotoReuters

(Reuters) – Mallinckrodt filed for bankruptcy protection on Monday, saddled with lawsuits alleging it helped fuel the U.S. opioid epidemic.

Adding to its woes, the company in March also lost a court battle to avoid paying higher rebates to state Medicaid programs for its top-selling drug.

Mallinckrodt said on Monday it had agreed to pay $1.6 billion over several years to settle opioid-related litigation. About $450 million would be paid as part of its settlement once the company emerged from chapter 11 bankruptcy.

The company would then pay $200 million in the first and second year after its emergence from the bankruptcy, and $150 million subsequently through the seventh year.

Mallinckrodt had agreed to pay $260 million over

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It’s the Best, and Worst, of Times for Business in Florida, Survey Finds | Investing News

Reuters

FILE PHOTO: An empty street is seen in Little Havana, Miami, after local authorities restricted the activities of restaurants, bars, gyms, movie theaters and other similar businesses for precaution due to coronavirus disease (COVID-19) spread, in Miami, Florida U.S., March 23, 2020. REUTERS/Carlos Barria/File PhotoReuters

(Reuters) – Florida is one of the five best states in the nation in which to do business, according to a new survey. It’s also one of the five worst, according to the same survey, thanks to COVID-19.

Every three years, Development Counsellors International, an economic development marketing firm, surveys executives to rank business climates in the various U.S. states. For the first time since they began doing the survey in 1996, a single state landed in the top five in both categories: Florida. The DCI report was released on Tuesday.

“The rationale for Florida being on both the best and worst lists was

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