Uber Decides to Stay in Quebec After New Transport Minister Grants Concession

Quebec won't budge on Uber rules with hours left before deadline

The company continued to say, "We have received confirmation that the new training requirements which would have prevented our operating will not be initiated for several months and meanwhile we remain determined to collaborate with the government".

Couillard also said that any negotiations with Uber, resulting in modifications to the current agreement, needed to take into account the impact on Quebec's taxi industry.

In a news release issued Friday morning, Transport Minister André Fortin announced he will not change the requirements that drivers undergo 35 hours of training and have criminal background checks done by a police force.

However, Uber wants the government to ease on the new regulations while Fortin seems to be firm in his decision.

Diggs, Bradford Out Sunday Vs. Packers
He injured his knee during the Vikings' Week 1 victory over the New Orleans Saints and missed the team's next three games. Vikings Head Coach Mike Zimmer gave no update on the health of Sam Bradford and does not know his status for Sunday.

Shell revs up its move into electric vehicle market
A spokesperson for Shell said: "It's a slightly different proposition which is why it is a benefit to the whole portfolio".

Airbnb-Branded Apartment Buildings Are Coming to the US
The profit-share agreement is created to encourage landlords to commit to allowing tenants to use Airbnb without repercussions. Tenants will be encouraged to sublet their spaces online, and guests will have access to amenities commonly found in hotels.

The ride-sharing company, based in San Francisco, was due to halt its operations in the province on Saturday.

When Uber first entered the market in Quebec, it operated illegally outside the government-controlled permit system, thereby increasing the offer and diluting the value of the permits.

Fortin made a slight tweak to the regulations and said that that all existing Uber drivers would have get police background checks completed within two years of their previous background checks which were done by a private company. New Uber drivers, who start on or after October 15, will have eight weeks, while those already working as Uber drivers will have two years. "Whether a specific private company decides to operate within it, it's not for me to be for or against that".

For the a year ago, Uber has been operating legally under a pilot-project, the terms of which were under review when the company announced it would pull out of the province.

Related:

  • More details revealed about South Park: The Fractured but Whole Season Pass

    More details revealed about South Park: The Fractured but Whole Season Pass

    First up in the season pass offerings is " Relics of Zaron ", a costume and perks pack which will be available on October 17. The streets of South Park aren't as safe as they used to be, and even the most seasoned South Park veteran will need help.

    Valeant Pharmaceuticals International Breaks Below 200-Day Moving Average - Notable for VRX

    Sell-side analyst recommendations point to a short term price target of $29 on the shares of Matador Resources Company (MTDR). ILLEGAL ACTIVITY WARNING: This story was originally posted by StockNewsTimes and is the sole property of of StockNewsTimes.

    Berenberg Bank Increases Carnival plc (CCL) Price Target to GBX 5300

    The company reported $2.29 earnings per share for the quarter, beating the Thomson Reuters' consensus estimate of $2.20 by $0.09. Following the completion of the sale, the director now owns 26,684 shares in the company, valued at approximately $1,555,410.36.
  • Revenue Estimates Analysis Of Noble Corporation plc (NE)

    This is calculated by taking weekly log normal returns and standard deviation of the share price over one year annualized. The Magic Formula was introduced in a book written by Joel Greenblatt, entitled, "The Little Book that Beats the Market".
    Hunt: Showdown will come to Steam Early Access

    Hunt: Showdown will come to Steam Early Access

    The Steam Page for Hunt: Showdown also went live today, and we can find more details about the game's time in Early Access there. It seems only logical that the developers are cautious about giving a release date for this game when the road has been so rocky.
    Tiangong-1: Chinese space station will crash to Earth within months

    Tiangong-1: Chinese space station will crash to Earth within months

    McDowell said a slight change in atmospheric conditions could nudge the landing site "from one continent to the next". Tiangong-1 was seen as a scientific project that would turn China into a "space superpower" .
  • 1st ODI: Pakistan XI against Sri Lanka

    1st ODI: Pakistan XI against Sri Lanka

    Pakistan created history with a huge 180-run win over India in the Champions Trophy 2017 final at The Oval in June. The Dubai International Cricket Stadium has so far hosted 10 Tests, 20 ODIs and 43 T20Is.
    Couple Survives Lethal California Wildfires By Sheltering In Pool For 6 Hrs

    Couple Survives Lethal California Wildfires By Sheltering In Pool For 6 Hrs

    Knowing they had to make a decision quick, Jan said she and her husband ran to their neighbor's house because they had a pool. Fire consumes a barn as an out of control wildfire moves through the area on October 9, 2017 in Glen Ellen, California.

    Newfield Exploration Co (NYSE:NFX) Institutional Investors Sentiment Unchanged in 2017 Q2

    Investors will commonly use Williams %R in conjunction with other trend indicators to help spot possible stock turning points. July 21 investment analysts at Citigroup left the stock rating at "Buy" but lowered the price target from $42.00 to $36.00.
  • Indiana Corn Supply Mostly Unchanged in Latest USDA Report

    Indiana Corn Supply Mostly Unchanged in Latest USDA Report

    For soybeans, the 2017 harvest in 18 states is ahead of last year on average with 43% harvested this year compared to 41% in 2016. The USDA's soybean yield outlook, meanwhile, was unexpectedly lowered to 49.5 bushels an acre from 49.9 bushels a month.
    UBS Downgrades Rating On Hostess Brands, Inc. (TWNK)

    UBS Downgrades Rating On Hostess Brands, Inc. (TWNK)

    Finally, Marshall Wace North America L.P. bought a new position in Hostess Brands in the 2nd quarter valued at about $26,466,000. Also, CEO William Douglas Toler purchased 75,000 shares of the business's stock in a transaction on Friday, August 11th.

    Avis Budget Group, Inc. (NASDAQ:CAR) Trading Up - Short Interest Down -8.66%

    The investment professionals in our partner's database now hold: 115.24 million shares, up from 101.39 million shares in 2017Q1. Following the completion of the sale, the insider now owns 510,714 shares in the company, valued at $19,049,632.20.

Comments

Latest news

Gurmehar Kaur named Next Generation leader by Time magazine
This was after union minister Kiren Rijiju raised question saying who was pollution the mind of the young girl. Kaur, a student of Delhi University's Lady Shri Ram College, had taken on the ABVP on Facebook and Twitter.

Amazon.com, Inc. (AMZN) Stock Rating Reaffirmed by Credit Suisse Group
The e-commerce giant reported $0.40 earnings per share for the quarter, missing the Zacks' consensus estimate of $1.40 by ($1.00). It dropped, as 64 investors sold AMZN shares while 542 reduced holdings. 153 funds opened positions while 670 raised stakes.

Revenue Forecast of Exxon Mobil Corporation (XOM)
After $0.78 actual EPS reported by Exxon Mobil Corporation for the previous quarter, Wall Street now forecasts 11.54% EPS growth. Ballentine Partners Llc increased Analog Devices Inc (NASDAQ:ADI) stake by 14,547 shares to 21,553 valued at $1.71M in 2017Q2.

Attack on Aussie team bus: Sports Minister Rathore reassures Security
He said, "Really unfortunate incident after a great game aimed to tarnish Guwahati's reputation as emerging sports hub". People of Assam are biggest sports lovers & great hosts. #FIFAU17WC going on in Guwahati .

Analyst Stock Recommendations For Celsion Corporation (CLSN), Bioptix, Inc. (BIOP)
Of course, these surface-level price movements don't tell us much about the direction that CLSN may be headed in the future. Now the stock price is moving -0.23% off from the highest level of twelve months and 42.03% above from twelve months low.

Analysts' Activity: Windstream Hldgs Inc (WIN) and Pretium Res Inc (PVG)
In addition to business services, the Company offers broadband, voice and video services to consumers in primarily rural markets. WIN is now undervalued by -27.3% relative to the average 1-year price target of $2.82 taken from a group of Wall Street Analysts.

Pranab Mukherjee was more qualified to become PM: Manmohan Singh
Various other leading Congress leaders including Sonia Gandhi and Rahul Gandhi were present at the event, reported ANI. Speaking on the occasion, Javadekar said: "Our former President Pranab Mukherjee has always been our torchbearer".

Smith AO Corp (NYSE:AOS) Q2 2017 Institutional Investor Sentiment Steady
Utah Retirement Systems holds 0.03% or 26,300 shares in its portfolio. 458,766 were reported by Select Equity Grp Ltd Partnership. It is positive, as 20 investors sold WAT shares while 179 reduced holdings. 40 funds opened positions while 114 raised stakes.

Get your shots, health minister urges as flu season begins in Manitoba
People can still get a flu shot free of charge as part of an office visit with their family physician, the department said. Some doctors in Canada have voiced concerns that North America could be walloped by a nastier-than-usual influenza season.

IMF Raises Global Growth Forecast
Morocco is expected to report 4.8% growth this year and 3% growth in 2018 and Egypt 4.1% growth this year and 4.5% growth in 2018. Nonetheless, they urged governments to use this period of calm to prepare for the inevitable challenges of the future.

Royal Bank Of Canada Reaffirms "Buy" Rating for Raytheon Company (RTN)
Company insiders own 0.19% of the company's stock. $493,666 worth of Raytheon Company (NYSE:RTN) was sold by RHOADS REBECCA R . A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in the stock.

Bobby Deol To Star Alongside Salman Khan In Race 3
The Sultan actor was reportedly offered the negative role in Race 3 and it is said to be an important character in the movie. Bobby tweeted about his excitement for the movie, he wrote, "it feels great to be a part of "Race" team".

Edmonton armed carjacking suspects flee to Saskatchewan
RCMP said the Chrysler 300 was seen speeding through the Vegreville area and was later found in Saskatchewan. RCMP conducted a manhunt Thursday in the Paynton area after the stolen vehicles were spotted in the area.

Traders Secrets on Yum! Brands, Inc. (YUM), Applied Optoelectronics, Inc. (AAOI)
As per Tuesday, July 21, the company rating was reinitiated by Goldman Sachs. 83 funds opened positions while 54 raised stakes. Evercore Wealth Mgmt Lc invested in 65 shares or 0% of the stock. 5,687 are held by Metropolitan Life Ins New York.

J&K Police detains Hizbul militant Gulzar Dar in Pulwama
Gulzar Ahmad Dar was arrested by the security forces in Tral town of Pulwama district. During searches, terrorists hiding in the hideout fired upon the search party.

Other news