(Reuters) -Rental firm Hertz Global Holdings said on Thursday it would sell about 20,000 electric vehicles from its U.S. fleet due to higher expenses related to collision and damage, and will opt for gas-powered vehicles. Shares of the company, which operates vehicles from Tesla Inc and Swedish EV maker Polestar among others, fell about 3% … Read more
Another proptech startup has run into trouble. Frontdesk, a startup that managed more than 1,000 furnished apartments across the United States, laid off its entire 200-person workforce Tuesday after attempts to raise more capital failed, TechCrunch exclusively learned from sources familiar with internal happenings at the company. The mass layoff comes just seven months after … Read more
BERLIN — A man who drove onto the tarmac at Hamburg Airport with his 4-year-old daughter, starting an 18-hour standoff with police that ended with his arrest, was using a rental car and lacked a weapons permit, authorities said Monday. Operations at the airport returned to normal on Monday after the lengthy closure caused by … Read more
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Tori Spelling is working to give her five children some much-needed stability after a recent evacuation from their rental home and split from her husband, Dean McDermott. A source tells ET that Spelling, 50, is “trying to find her footing and doing her best to take care of her kids” during this difficult time. It’s been … Read more
Tori Spelling and her kids had a terrifying Wednesday after a SWAT team looking for a man with an assault rifle turned her block upside down. Tori and co., along with her neighbors, were ordered to evacuate, and no one needed any encouragement to skedaddle. Witnesses say the talk on the block was that a … Read more
Cityscape of Saudi capital Riyadh. Harri Jarvelainen Photography | Moment | Getty Images Shares of Lumi soared as much as 30% on Monday at the Saudi Arabian auto rental firm debuted on the Riyadh stock exchange in a 1.09 billion riyal ($290 million) initial public offering. A unit of Saudi travel company Seera, Lumi listed … Read more