Daily Archives: October 23, 2018

Scooter startups Bird and Lime hit with class-action lawsuit, called a ‘public nuisance’

Accusing the startups of “gross negligence,” a class-action lawsuit has been filed against Bird Rides Inc., LimeBike and other companies involved in the proliferation of shared electric scooters. The complaint, filed Friday in Los Angeles Superior Cou...

By | 2018-10-23T22:02:42+00:00 October 23rd, 2018|Technology|

Scottsdale training school to pay multimillion-dollar breakup fee after nixing consultant contract

The automotive trade school is in the midst of instituting a turnaround plan and said it no longer needs the consultant's help to implement the plan.

By | 2018-10-23T21:59:18+00:00 October 23rd, 2018|Education|

How Austin’s booming beer breweries are handling water crisis

The people at Thirsty Planet Brewing Co. believe they can capably manage the water crisis afflicting Austin — so long as the issue is resolved soon. But when Thirsty Planet owner Brian Smittle was told of the Tuesday warning from Travis County that th...

By | 2018-10-23T21:57:10+00:00 October 23rd, 2018|Budget and Tax|

Apple plans to launch streaming service globally early next year

Apple Inc. may be late to the streaming game, but when the computer giant does launch its video platform, it plans to take it global. The company aims to launch its streaming service in more than 100 countries, reported The Information. By comparison...

By | 2018-10-23T21:49:36+00:00 October 23rd, 2018|Media|

UH students to compete for $50K at UT pitch competition

University of Houston students are among the finalists of 25 undergraduate teams that will compete in Austin for $50,000 and in-kind awards during the DisrupTexas 2018 pitch competition, scheduled for Saturday, Oct. 27. Other schools include the Unive...

By | 2018-10-23T21:17:54+00:00 October 23rd, 2018|Education|

Caterpillar reports ‘best’ Q3 in company history, but shares drop on cost concerns

Caterpillar Inc. reported its "best third-quarter profit per share in (the) company's history," but its shares fell sharply in Tuesday trading, dropping more than 7 percent. The Deerfield, Ill., heavy-equipment manufacturer with operations in South Mi...

By | 2018-10-23T21:14:22+00:00 October 23rd, 2018|Budget and Tax|

Hamilton Bank selling to Pennsylvania bank for $58.5 million

Hamilton Bank will be acquired Orrstown Financial Services Inc. in a $58.5 million deal, creating a bank with more than $2 billion in deposits. Shippensburg, Pennsylvania-based Orrstown will pay for the deal with a combination of stock and cash. Share...

By | 2018-10-23T21:14:22+00:00 October 23rd, 2018|Economics|