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

Read More

Financial Planning Considerations Under Joe Biden’s Proposed Tax Plan

With the U.S. presidential election only a few weeks away, it’s timely to evaluate the details of Joe Biden’s tax plan, the potential implications and some strategies that might be worth considering.

Before we begin, it’s worth noting that even if Biden is elected, his tax plan becoming a reality would likely hinge on Democrats also gaining control of the Senate this November. And, even if that occurs, it could prove difficult to increase taxes if the 2021 economy is still fragile due to COVID-19. With that said, it is prudent to understand what the tax implications might be so we can evaluate which planning strategies could be beneficial in advance.

Income Tax Impacts

If you earn more than $400,000 per year, Biden’s income tax plan would negatively impact you in several ways:

  • Under Biden’s plan, the top tax bracket, which is currently $622,051 for married couples filing jointly

Read More

Transamerica Grows Retirement Plan Business With Newly Created Pooled Employer Plans

BALTIMORE, Oct. 14, 2020 /PRNewswire/ — Transamerica announced today that the company has been selected to be a retirement plan recordkeeper of the Lockton Northeast (NE) Series pooled employer plan. Lockton is a global professional services firm and the world’s largest privately held independent insurance broker. Pinnacle, an NPPG Company, will serve as the third party administrator and NPPG Fiduciary Services as the Pooled Plan Provider (PPP). This collaboration is a new milestone in Transamerica’s pioneering history in pooled retirement benefit plans, encompassing nearly two decades of advocacy and specialization.

To support the new Lockton NE Series pooled employer plan, Transamerica will leverage its pooled retirement plan experience. Transamerica can offer a flexible plan design to each adopting employer in the pooled plan, enabling employers to customize their retirement plan’s design elements based on employees’ needs. Transamerica also offers specialized recordkeeping specific to each adopting employer in the pooled

Read More

Five Tips For Building A Strong Team In Your Small Business

Business Coach and developer of Chironomics, a coaching program that provides business support, strategies, and systems for Chiropractors.  

The saying, “No man is an island,” holds true in business. After all, it is impossible to do everything by yourself. The sooner you recognize this, I believe the closer you get to achieving any goal you set for your company.

That said, while two heads are always better than one, having the right two minds is imperative. Building a dynamic team, both externally and internally, is the cornerstone of any successful business. For your company to experience significant revenue, you need help. These five tips keep me on pace in my business as I continue to build my team:

1. Create a hiring plan.

You must have an effective plan of action when building your team. Onboarding new members can be a challenging process, and hiring the wrong people

Read More

Plan adopted to restore dozens of trees erroneously cleared at Bedford apartment site | Business

After about 90 trees were removed at the future Bow Lane apartment complex behind Bedford High School, some of them without permission, town planners this week approved a new landscaping plan designed to correct the error.

A cease-and-desist order had been issued this summer to developers Dick Anagnost and Bill Greiner after trees were cut early, with some of the clearing exceeding what was conditionally granted by the planning board.


This page requires Javascript.

Javascript is required for you to be able to read premium content. Please enable it in your browser settings.

kAm“}@E9:?8 42? C6A=246 E96 >2EFC6 EC66D E92E H6C6 [email protected][ 3FE x E9:?< E92E [email protected]=6 H:== 36 A=62D65 H:E9 E96 [email protected]=FE:@?[” A=2??:?8 5:[email protected] q64<J w636CE [email protected]=5 E96 [email protected] @? |@?52J]k^Am

kAm%[email protected] =2?5D42A6 2C49:E64ED 96=A65 [email protected]>6 FA H:E9 E96 [email protected]:@? A=2?]k^Am

[email protected]:?8 [email protected] 2 [email protected] [email protected]> 2 [email protected] [email protected] H2=<65 E96 [email protected] 27E6C E96 [email protected]’D G:@=2E:@? @7

Read More

McConnell slates October revote on relief plan

For her part, Pelosi issued a statement again criticizing Trump for caring chiefly about the direct payments.

“A fly on the wall or wherever else it might land in the Oval Office tells me that the President only wants his name on a check to go out before Election Day and for the market to go up,” Pelosi said in a letter to her colleagues.

She defended her hardline position on a Tuesday conference call with fellow Democrats, claiming Democrats have more leverage than ever. But the risk of emerging empty-handed until next year appears very real.

To recap, talks on the latest potential round of COVID relief began in July, collapsed in August, and were revived last month. Last week alone saw Trump cause the talks to collapse on Tuesday, only to revive them heading into the weekend. They then cratered again on Saturday after Trump’s latest $1.8 trillion

Read More

The Barn to host ribbon-cutting ceremony at new Newton location

The Barn Family Shoe Store is holding a ribbon-cutting ceremony Monday to celebrate its move from West Newton to its new Newtonville home, the store said in a statement.

The Barn, which has been in business since the 1940s, is now located in the Trio Newton mixed-use development at 229 Walnut St., the statement said.

The Barn will include 8,500 square feet of retail space on street level, plus about 100 free surface parking spaces in the complex, the statement said.

“At its new location, The Barn’s bright spacious floor plan offers customers an updated shopping experience to accommodate their footwear and casual apparel needs while providing easy accessibility to other amenities for one-stop shopping,” the statement said.

The ribbon-cutting ceremony is set for Monday, Oct. 19, from 12:30 to 1:30 p.m.

Speakers are expected to include Mayor Ruthanne Fuller; Barney Heath, the city’s director of planning and development; Devra

Read More

Prince George’s County Council postpones vote on P3 plan, facing opposition

The Prince George’s County Council had been scheduled to vote on a resolution advancing a $1.24 billion plan to build six new schools by 2024 and maintain them for 30 years after that.

But council members questioned whether the partnership would require sufficient involvement of minority-owned businesses and transparency regarding financial calculations. They also questioned the timing of the project’s launch amid the pandemic.

County Council Chair Todd M. Turner (D-District 4), whose motion to hold the resolution passed unanimously, did not set a date for a new vote.

The resolution outlined the governance structure for the partnership in a memorandum of understanding. It is separate from the contract that the Prince George’s County Board of Education is scheduled to vote on next week, said Christian Rhodes, chief of staff to schools leader Monica Goldson.

The school system announced earlier this month that Fengate Capital Management and Gilbane Building Co.

Read More

Smart Sprinkler Irrigation Systems Market: COVID-19 Business Continuity Plan | Evolving Opportunities with Hunter Industries Inc and NxEco Inc | Technavio |

LONDON–(BUSINESS WIRE)–Oct 13, 2020–

The global smart sprinkler irrigation systems market size is expected to grow by USD 442.81 million as per Technavio. This marks a significant market growth compared to the 2019 growth estimates due to the impact of the COVID-19 pandemic in the first half of 2020. Moreover, healthy growth is expected to continue throughout the forecast period, and the market is expected to grow at a CAGR of 17%.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201013005853/en/

Technavio has announced its latest market research report titled Global Smart Sprinkler Irrigation Systems Market 2020-2024 (Graphic: Business Wire)

For the Right Perspective & Competitive Insights-Request Free Sample Report on Pandemic Recovery Analysis

Read the 120-page report with TOC on “Smart Sprinkler Irrigation Systems Market Analysis Report by End-user (Commercial and Residential) and Geography (North America, APAC, Europe, MEA, and South America), and the Segment Forecasts,

Read More

Cigna Set to Grab a Bigger Pie of Medicare Advantage Business

Cigna Corp. CI will expand its Medicare Advantage (MA) health plan offerings to seniors in 67 new counties next year in what is quickly becoming a competitive business proposition for health insurance giants.

The MA health plan will be extended by increasing the company’s MA policy offerings for the 2021 MA enrollment season, which begins Oct 15 and runs through Dec 7. Plans selected during that time will be effective Jan 1, 2021.

Cigna has a relatively smaller share of the Medicare Advantage market, dominated by Humana Inc. HUM and Centene Corp. CNC followed by UnitedHealth Group Inc. UNH.

However, the growing opportunities in this market are attracting Cigna to grab a greater slice of the MA market. An aging U.S. population and bipartisan support from the government made the MA market a prospective place to be which are the private version of the government sponsored Medicare plans. The company

Read More