(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
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
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
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
Berejiklian survives no-confidence motion by a single vote
New South Wales premier Gladys Berejiklian has survived a no-confidence motion in the upper house by a single vote.
The former Greens MP turned independent Justin Field has just released a statement explaining his decision to oppose the motion. He wants to “reserve judgment” until the Icac has had time to “do its work and fully inform the public and political debate”.
The actions of Daryl Maguire are disgraceful and reflect not just on him but on the political party of which he was a member and a Member of Parliament. The public
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.
Robertson continues to press Maguire on whether he was hoping to make money personally as a result of his involvement in the Shenzen business group.
We’re played a phone intercept (the first of the day!) between Maguire and his close friend and partner at G8Way International, Phillip Elliott. We hear them discussing a trip to Samoa with a Shenzen businessman who was interested in setting up a casino in Samoa.
Maguire tells Elliott he helped set up a meeting between the Chinese businessman and the Samoan consulate.
He tells Elliott on the call:
They were happy with the meeting so in February I’m going to the Solomon Islands and PNG, I’m going to visit them in the next round and then March is … 10 days in Samoa and they’re bringin a dozen business people.
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.
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