• What Led To New York City's Legislation To Cap The Number Of Ride-Hailing Vehicles

    9 monthes ago - By NPR

    On Wednesday, New York City passed legislation that caps the number of ride-hailing vehicles for Uber and Lyft. NPR's Ailsa Chang speaks with Wired writer Aarian Marshall about the change.
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  • Ex-Hearst Newspaper chief Robert Danzig dies at 85

    9 monthes ago - By Chron

    NEW YORK - Former Hearst Newspapers CEO Robert J. Danzig has died at after a long illness. He was 85.
    Hearst says Danzig died in Cape Cod, Massachusetts, om Wednesday.
    The company says Danzig rose from tough beginnings as a foster child to become the head of Hearst Newspapers in 1977, a post he held until 1997. The newspaper division acquired the Houston Chronicle, San Antonio Express-News and several community newspapers under Danzig's leadership. It grew to become the seventh largest newspaper company in the U.S., with a daily circulation of more than 1.3 million.
    After Danzig retired in...
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  • Yelp and Dun & Bradstreet climb while Rite Aid drops

    9 monthes ago - By Chron

    NEW YORK - Stocks that moved substantially or traded Thursday:
    Rite Aid Corp., down 20 cents to $1.54
    The drugstore chain ended its deal to sell itself to the Albertsons grocery chain for $24 billion.
    Yelp Inc., up $10.17 to $48.33
    The reviews site raised its annual revenue forecast following a jump in advertising revenue.
    Roku Inc., up $10.07 to $57.32
    The streaming video company took a smaller-than-expected loss and its revenue topped Wall Street estimates.
    Dun & Bradstreet Corp., up $19.41 to $142.21
    The business information company agreed to be bought by a group of investors for $5.4...
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  • Riders Wonder: With Uber as New York's Plan B, Is There a Plan C?

    9 monthes ago - By NY Times

    Riders mull a world with fewer Ubers, a day after New York became the first major American city to cap the growth of for-hire vehicles.
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  • This founder couldn't convince male investors to fund her smash-hit wedding startup - now she's part of a plan to bust up 'the old boys club' of venture capital

    9 monthes ago - By Chron

    New York-based venture firm Female Founders Fund has founded a new program to mentor and advise female entrepreneurs in cities throughout the US.
    Among the entrepreneurs participating is Zola co-founder Shan-Lyn Ma, who says that her wedding company at first struggled to spark interest among the predominantly male investment scene.
    When Zola co-founder Shan-Lyn Ma first began pitching her idea for a one-stop wedding site to investors, she says they were mostly unimpressed.
    "One of the things I remember very vividly from the first few years starting out was a meeting in which I was...
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  • Uber faces new roadblock in New York on its way to IPO

    9 monthes ago - By Chron

    SAN FRANCISCO - Uber will have to navigate around a new regulatory pothole in New York on an already bumpy road to its initial public offering of stock next year.
    New York City is imposing a one-year moratorium on new ride-hailing licenses in Uber's largest U.S. market, raising the specter that other cities may adopt similar crackdowns as they try to ease traffic congestion.
    If that were to happen, it would be more difficult for Uber to boost its revenue and reverse its history of uninterrupted losses. That, in turn, would affect the price that investors are willing to pay for Uber's stock...
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