Tag Archives: Second

Amazon's second headquarters clears key Virginia funding vote
March 17, 2019 12:06 am|Comments (0)

People move about in front of the rostrum before a news conference about the announcement that Crystal City has been selected as home to Amazon’s new headquarters in Arlington, Virginia, U.S., November 13, 2018. REUTERS/Kevin Lamarque

WASHINGTON (Reuters) – A financial package worth an estimated $ 51 million for Amazon.com Inc’s second headquarters in northern Virginia was approved by the Arlington County Board on Saturday, helping the company clear a key hurdle amid protests.

Amazon in November picked National Landing, a site jointly owned by Arlington County and the City of Alexandria, just outside Washington, along with New York City for its so-called HQ2 or second headquarters.

The company has since scrapped its plans to build its headquarters in New York.

Reporting by Nandita Bose in Washington; Editing by Daniel Wallis

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Amazon's second headquarters clears key Virginia funding vote
March 17, 2019 12:06 am|Comments (0)

People move about in front of the rostrum before a news conference about the announcement that Crystal City has been selected as home to Amazon’s new headquarters in Arlington, Virginia, U.S., November 13, 2018. REUTERS/Kevin Lamarque

WASHINGTON (Reuters) – A financial package worth an estimated $ 51 million for Amazon.com Inc’s second headquarters in northern Virginia was approved by the Arlington County Board on Saturday, helping the company clear a key hurdle amid protests.

Amazon in November picked National Landing, a site jointly owned by Arlington County and the City of Alexandria, just outside Washington, along with New York City for its so-called HQ2 or second headquarters.

The company has since scrapped its plans to build its headquarters in New York.

Reporting by Nandita Bose in Washington; Editing by Daniel Wallis

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Tesla cuts Model 3 price for second time this year
February 6, 2019 6:12 am|Comments (0)

FILE PHOTO: Rows of new Tesla Model 3 electric vehicles are seen in Richmond, California. REUTERS/Stephen Lam/File Photo

(Reuters) – Electric carmaker Tesla Inc is lowering the price of its Model 3 by $ 1,100, citing the end of a costly customer referral program, a company spokeswoman said on Wednesday.

The second price cut to the Model 3 this year now brings the cost of its least expensive variant to $ 42,900, according to the company’s website here.

Tesla’s customer referral incentive plan ended on Feb. 1 after Chief Executive Officer Elon Musk had tweeted that the referral program was “adding too much cost to the cars, especially Model 3”.

Tesla delivered fewer-than-expected Model 3 sedans in the fourth quarter and cut prices for all its vehicles in the United States to offset a reduction in a green tax credit.

The company is rapidly increasing production of its Model 3 sedan and lower prices could help it reach a broader customer base than its pure luxury vehicles.

Reporting by Sanjana Shivdas in Bengaluru; Editing by Gopakumar Warrier

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Canada says China has granted consular access to second detainee
December 17, 2018 12:01 am|Comments (0)

Canadian businessman Michael Spavor arrives next to the former NBA basketball player Dennis Rodman (not pictured) after a trip to North Korea, at Beijing Capital International Airport, Beijing, China January 13, 2014. Picture taken January 13, 2014. REUTERS/Kim Kyung-Hoon

OTTAWA (Reuters) – Canadian diplomats received consular access on Sunday to the second of two men detained by China over the past week, Canada’s foreign ministry said in a statement that gave few details.

John McCallum, Canada’s ambassador to Beijing, met Michael Spavor, the statement said. Spavor and Michael Kovrig were both picked up after Canada arrested a senior Chinese executive on a U.S. extradition request.

Canadian Prime Minister Justin Trudeau – who said on Friday the detentions were unacceptable – told CTV his government was taking the situation very seriously.

“We have engaged with the Chinese officials to determine what exactly conditions are they being detained under? Why are they being detained?” he said in an interview aired on Sunday. McCallum met Kovrig for the first time in Friday.

U.S. Secretary of State Mike Pompeo said on Friday that China should free the two men.

Spavor, a businessman, and Kovrig, a former diplomat, were detained after Canadian police arrested Huawei Technologies Co Ltd’s chief financial officer, Meng Wanzhou, on Dec 1.

U.S. prosecutors accuse Meng of misleading multinational banks about Iran-linked transactions, putting the banks at risk of violating U.S. sanctions. Meng, who is the daughter of Huawei’s founder, has said she is innocent.

Trudeau told CTV that Canada would continue trying to build up trading ties with China.

“We need to do so in a way that is true to our values and stands up for Canadians’ interests, and getting that balance right is complex. (It) has been made more difficult by recent trends,” he said.

Reporting by David Ljunggren; Editing by Peter Cooney

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Uber CEO and transport boss had second meeting over London license battle
April 20, 2018 6:06 pm|Comments (0)

LONDON (Reuters) – London’s Transport Commissioner Mike Brown met Uber [UBER.UL]boss Dara Khosrowshahi in January, a freedom of information request revealed, as the Silicon Valley app fights to keep its cars on the streets of its most important European market.

FILE PHOTO – Dara Khosrowshahi, Chief Executive Officer of Uber Technologies, attends the World Economic Forum (WEF) annual meeting in Davos, Switzerland, January 23, 2018. REUTERS/Denis Balibouse/File Picture

Uber is battling a decision by the city’s transport regulator last September to strip it of its license after it was deemed unfit to run a taxi service, a ruling Uber is appealing.

Since then Uber has made a series of changes to its business model, responding to requests from regulators, including the introduction of 24/7 telephone support and the proactive reporting of serious incidents to London’s police.

Khosrowshahi flew to London in October for discussions with Brown after which Uber promised to make things right in the British capital city.

The pair had a second meeting in London in January, according to a response to a freedom of information request from Reuters.

“The Commissioner met with Dara Khosrowshahi on 3 October 2017 and 15 January 2018, both meetings took place in London,” Transport for London (TfL) said.

A TfL spokesman declined to provide an immediate comment on what was discussed at the meeting. Uber declined to comment.

Reuters had asked for a list of every meeting which had taken place between Uber and TfL’s private hire team and/or Brown since Sept. 22 but TfL declined to release such details.

“We are not obliged to supply the remainder of the information requested in relation to meetings as it … relates to information where disclosure would be likely to prejudice the exercise by any public authority of its functions ..,” it said.

A court hearing over Uber’s appeal is due this month before the substance of the appeal is heard in June.

Reporting by Costas Pitas; editing by Stephen Addison

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Tezos organizers hit with second lawsuit over cryptocurrency fundraiser
November 16, 2017 12:00 am|Comments (0)

(Reuters) – A second lawsuit was filed this week against the organizers of cybercurrency technology project Tezos, an initiative that raised $ 232 million to issue a cryptocurrency that does not exist and fund development of a transaction system that has no clear end date.

Tezos co-founder and CTO Arthur Breitman and his wife and co-founder Kathleen Breitman respond to questions during the Money 20/20 conference in Las Vegas, Nevada, U.S. on October 24, 2017. REUTERS/Steve Marcus

The class action lawsuit, filed in a U.S. District Court in Florida by Coral Springs-based law firm Silver Miller, alleges that Tezos’ organizers broke U.S. securities laws and defrauded and misled participants in the online fundraiser, according to court documents.

Special Report: Read Reuters original investigation into Tezos

Many who put money toward the initial coin offering consider themselves investors, but the funds were raised as non-refundable donations.

The lawsuit was filed on Monday and made public on Wednesday. The defendants are Kathleen and Arthur Breitman, the co-founders of the project; their Delaware-based company Dynamic Ledger Solutions Inc, which owns the rights to the transaction system’s code; and the Tezos Foundation, a Swiss entity that was set up to carry out the fundraiser.

It is the second lawsuit in less than a month to hit the embattled project that in July raised funds in one of the largest ever initial coin offerings, a popular way for technology startups to collect money by issuing cryptocurrencies.

Neither Brian Klein, an attorney for the Breitmans, nor Johann Gevers, president of the Tezos Foundation, immediately responded to requests for comment.

The lawsuit quotes from a Reuters investigation and reports published in October that revealed details of a backroom battle between the Breitmans and Gevers over control of the project. The dispute has delayed the project. (reut.rs/2yGk6IT)

The lawsuit alleges that contributors to the fundraiser were not told that it could take more than three years for the Swiss foundation, which holds the funds, to purchase Dynamic Ledger Solutions and the project’s source code.

This time frame, revealed by Reuters, was not disclosed to investors despite being “a highly material fact,” the lawsuit alleges.

Plaintiffs are asking for a refund as well as damages, according to the lawsuit. It also alleges organizers sold unregistered securities.

“As a result of Defendants’ fraud, false representations and violation of federal and state securities laws in connection with the Tezos ICO, Plaintiff and the Class Members state their demand that the Contract be rescinded and canceled,” the lawsuit states.

Other law firms have said they are considering litigation.

Reporting by Anna Irrera and Steve Stecklow; Editing by Lauren Tara LaCapra and Cynthia Osterman

Our Standards:The Thomson Reuters Trust Principles.

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Always Dreaming looking for second jewel of Triple Crown in the Preakness
August 25, 2017 8:25 pm|Comments (0)

Steve’s picks – Classic Empire, Always Dreaming, Lookin At Lee, Senior Investment, Conquest Mo Money, Gunnevera, Cloud Computing, Hence, …


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Always Dreaming looking for second jewel of Triple Crown in the Preakness
August 23, 2017 2:15 am|Comments (0)

Five newcomers are entered – Cloud Computing, Conquest Mo Money, Multiplier, … loses the nation’s top rider Javier Castellano to Cloud Computing.

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Always Dreaming looking for second jewel of Triple Crown in the Preakness
August 19, 2017 6:50 pm|Comments (0)

Five newcomers are entered – Cloud Computing, Conquest Mo Money, Multiplier, … loses the nation’s top rider Javier Castellano to Cloud Computing.

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Always Dreaming looking for second jewel of Triple Crown in the Preakness
August 8, 2017 4:50 am|Comments (0)

Five newcomers are entered – Cloud Computing, Conquest Mo Money, Multiplier, … loses the nation’s top rider Javier Castellano to Cloud Computing.


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