Tuesday, May 5, 2015

Uber ceases Kansas operations in face of stricter oversight

Uber ceases Kansas operations in face of stricter oversight

[BENGALURU] Ride-hailing service Uber on Tuesday said it ceased operations in Kansas after the state legislature decided to override Governor Sam Brownback's veto of a bill that will impose stricter regulations on ride-hailing services.
Uber said the bill makes it impossible for it to operate in the state.
The Kansas Senate on Tuesday voted 96-25 to override Brownback's veto of the Kansas Transportation Network Company Services Act.
The bill requires companies to certify that drivers have comprehensive and collision insurance, and requires new drivers to undergo a background check performed by the Kansas Bureau of Investigation. (http://bit.ly/1K9yWnI) Uber says it already conducts its own third-party background checks and provides commercial auto insurance coverage.
The company has been fighting with cities across the United States, contending it is not a taxi service and should not be required to adhere to existing taxicab regulations.
Uber said in March it would halt operations in Anchorage, Alaska, until the city can work out details enabling the company's drivers to accept paying fares.
In Oregon, the city of Eugene sued Uber in March, asking the court to stop Uber from operating until it meets what the city calls "minimum safety requirements." Uber in February said it would suspend operations in Boise, Idaho, after reaching an impasse in negotiations with city leaders over new regulations.
REUTERS

CapitaLand changes names of three trusts and their managers

CapitaLand changes names of three trusts and their managers

SINGAPORE-LISTED CapitaLand Limited, one of Asia's largest real estate companies, has changed the names of its three trusts and their managers with effect from Wednesday.
CapitaCommercial Trust has been renamed CapitaLand Commercial Trust, while its manager CapitaCommercial Trust Management Limited is now CapitaLand Commercial Trust Management Limited.
CapitaMall Trust has been changed to CapitaLand Mall Trust and the manager, CapitaMall Trust Management Limited, has been renamed CapitaLand Mall Trust Management Limited.
CapitaRetail China Trust has been changed to CapitaLand Retail China Trust. The name of its manager has been changed from CapitaRetail China Trust Management Limited to CapitaLand Retail China Trust Management Limited.
Singapore Exchange has notified all three managers that the new security names will take effect on Friday, before trading starts.

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