Yesterday, we shared the news that ride-sharing service Uber had been banned in Germany. The company’s service that lets people summon a limo with a smartphone was fine, but the peer-to-peer, lower-cost UberPop service had to stop accepting passengers under a temporary injunction. A strange thing happened when this story hit the news, though: people in Germany thought that this UberPop thing sounded like a great idea, and started hailing rides.Read More >
In this Saturday, Oct. 2, 2010 photo, a cyclist, left, rides in New York's Central Park on a rented bike from Bike and Roll NYC.Read More >
It’s no secret that traditional car dealerships aren’t fans of Tesla for selling cars directly to consumers — we’ve seen quite a tussle in other states like New Jersey already, among other states — where officials have considered legislation banning direct sales. And now a group representing about 500 dealerships in Georgia wants the state to revoke Tesla’s license to sell there, too, because it’s sold too many cars already.Read More >
(So Cal Metro)
It’s no secret that AT&T and other big ISPs are no fans of municipal broadband projects. There are laws on the books in many states that block the expansion of municipal networks, but the FCC is considering using its authority to override those laws and let communities build networks if they wish. AT&T is also no fan of this proposal. In fact, says AT&T, not only should public networks be barred anywhere there is already a private option, but also they should be barred in any place there might possibly be a plan to build a private option in the future.Read More >
Just like the player character after dying several times in the “Dark Souls” series, Japan may find itself hollowing out as a result of the country’s declining auto market.Read More >
Home builder Toll Brothers reports second quarter earnings on Wednesday.Read More >
BETHESDA, MD. – DiamondRock Hospitality Company announced that it recently acquired the fee simple interest in a 106-room boutique hotel, The Inn at Key West in Key West, Florida, for a contractual purchase price of $47.5 million (or $448,000 per guest room). The contractual purchase price represents a 12.1 multiple on forecasted 2014 Hotel earnings before interest, taxes, depreciation and amortization (“EBITDA”) of $3.9 million and a 7.6% capitalization rate on the Hotel’s 2014 forecasted net operating income.