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Waymo approved to start autonomous vehicle testing in New York City
TechCrunch· 2025-08-22 14:19
Group 1 - Waymo has received a permit to test its autonomous vehicles in New York City, marking the first approval of its kind from the city [1] - The company plans to deploy up to eight Jaguar I-Pace SUVs in Manhattan and Downtown Brooklyn, with testing set to begin immediately [1] - Waymo's vehicles must have a trained safety operator present at all times and cannot pick up passengers during the testing phase [1][4] Group 2 - This permit is a significant step towards launching a robotaxi service in New York City, which presents unique challenges compared to other cities where Waymo operates [2] - Waymo has been preparing for this move since 2021, manually mapping the city and engaging with local lawmakers and organizations [3] - The permit is part of a new autonomous vehicle safety regime initiated by Mayor Eric Adams in 2024, requiring coordination with first responders and submission of a detailed testing and safety plan [4] Group 3 - After the trial period ends in late September, Waymo will need to apply for an extension to continue testing its vehicles [5]
Waymo granted first permit to begin testing autonomous vehicles in New York City
CNBC· 2025-08-22 13:28
Core Points - Waymo has received its first permit from the New York Department of Transportation to begin testing autonomous vehicles in New York City, marking the city's first autonomous vehicle testing launch [1] - The testing will involve eight vehicles operating in Manhattan and Downtown Brooklyn, with the program potentially extending through late September [2] - New York City officials express support for the initiative, highlighting the administration's commitment to innovative transportation solutions [3]
Canadian Pacific Kansas City; Structural Growth Story
Seeking Alpha· 2025-08-20 16:31
Group 1 - Canadian Pacific Kansas City (NYSE: CP) is entering a significant multi-year growth phase [1] - The latest quarterly results showed a revenue miss, which could be perceived as disappointing [1] Group 2 - The company has a diverse financial analysis background, with experience across various sectors including Auto, Industrials, and IT [1] - The company has managed investor relations and strategic finance for a listed IT company with a market cap of approximately USD 2.5 billion [1]
As Original Taxi Clubhouse Surpasses 100,000 Visits, Marblegate Capital Corporation Announces Plans to Open Two New Taxi Clubhouses for Drivers While its Taxi Fleet Operation Grows to One of the Largest in New York City
Prnewswire· 2025-08-19 13:04
The original Taxi Clubhouse was a first-of-its-kind location providing private space for taxi drivers to take a break, relax, rejuvenate, eat, socialize, and pray Taxi Clubhouse recently surpassed 100,000 visits as overall use surges, with total annual visits up nearly 25% through just the first seven months of 2025 The two new Taxi Clubhouses are part of Marblegate Capital Corporation's latest initiative to drive positive change for NYC taxi drivers NEW YORK, Aug. 19, 2025 /PRNewswire/ -- Marblegate Capita ...
City Office REIT Announces First Closing of Phoenix Portfolio Sale
Prnewswire· 2025-08-15 20:05
Company Overview - City Office REIT, Inc. is an internally-managed real estate company focused on acquiring, owning, and operating office properties predominantly in Sun Belt markets, currently owning or having a controlling interest in 4.2 million square feet of office properties [3] Recent Transaction - The company completed the first closing in the sale of its Phoenix portfolio for gross sale proceeds of $266 million, which includes six of the seven properties located in Phoenix [1] - The Pima Center property remains under contract with a gross sales price of $30 million and is expected to close later, pending certain approvals related to the property's ground lease [1] Merger Agreement - The completion of the first closing of the Phoenix portfolio satisfies a closing condition in the merger agreement dated July 23, 2025, between the company and MCME Carell Holdings, LP and MCME Carell Merger Sub, LLC [2]
Allegiant Expands Network to Serve Atlantic City, New Jersey with the Addition of Four New Routes
Prnewswire· 2025-08-13 15:30
Core Insights - Allegiant Travel Company has announced the addition of Atlantic City, New Jersey to its network, enhancing its position in leisure travel with four new routes connecting popular coastal destinations [1][2] - The airline is offering introductory one-way fares as low as $39 to celebrate the new routes, reflecting its commitment to providing budget-friendly travel options [1][6] - Allegiant's growth strategy includes recent route expansions and an extended flight schedule through May 2026, allowing travelers to plan vacations in advance [4] Company Strategy - Allegiant focuses on connecting underserved communities with leisure destinations, emphasizing value-driven travel options [1][2] - The airline's business model is centered around all-nonstop flights, which enhances the travel experience by reducing time spent at airports [4] - The new routes aim to connect Atlantic City with several cities in Florida, catering to travelers seeking both entertainment and relaxation [2][3] Market Position - Atlantic City is highlighted as a top-tier destination known for its Boardwalk, nightlife, and casinos, appealing to a diverse range of travelers [2][3] - Allegiant's fleet serves small-to-medium cities across the nation, providing access to world-class vacation destinations at competitive prices [7][8] - The airline's average fares are reported to be less than half the cost of the average domestic roundtrip ticket, reinforcing its low-cost travel model [8]
Studio City International: The Underdog Of Macau's Casino Rally
Seeking Alpha· 2025-08-06 18:21
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or ...
City Holding(CHCO) - 2025 Q2 - Quarterly Report
2025-08-06 14:42
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) ☒ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the quarterly period ended June 30, 2025 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the transition period from ___________ to _____________ Commission file number 0-11733 CITY HOLDING COMPANY (Exact name of registrant as specified in its charter) (State or other jurisdi ...
Micropolis Launches Final Phase of Autonomous Police Patrol Pilot with Dubai Expo City, Dubai Police, and Transguard Group
GlobeNewswire News Room· 2025-08-04 13:00
Core Insights - Micropolis Holding Co. has entered the final phase of its pilot project for the M2 Autonomous Police Patrol in collaboration with Dubai Expo City, Dubai Police, and Transguard Group [1][6] - The project aims to evaluate the real-world performance of the autonomous driving system, mission planner, tele-operator control functions, and a new radio communication protocol [2][6] - Rigorous testing will also be conducted on integrated AI models for facial recognition, suspect tracking, and behavior analysis to enhance urban safety [4] - Micropolis will deploy edge computing units based on the AJX NVIDIA Orin platform for improved on-site processing and faster decision-making [5] - The final testing phase is set to run from mid-August to the end of September 2025, paving the way for broader deployment in public safety and smart city initiatives [6] Company Overview - Micropolis specializes in unmanned ground vehicles, AI systems, and smart infrastructure for urban, security, and industrial applications [8] - The company has vertically integrated capabilities that encompass mechatronics, embedded systems, AI software, and high-level autonomy [8] - The CEO of Micropolis emphasized the transformative potential of the M2 platform for urban security and public safety operations [7]
Kansas City Life Announces Second Quarter 2025 Results
Prnewswire· 2025-08-01 16:17
Financial Performance - Kansas City Life Insurance Company reported a net loss of $28.1 million or $2.90 per share in Q2 2025, a significant decline from a net income of $4.7 million or $0.49 per share in Q2 2024 [1] - For the first six months of 2025, the company recorded a net loss of $26.2 million or $2.71 per share, compared to a net income of $6.3 million or $0.65 per share in the same period of 2024 [3] Legal Settlement Impact - The primary reason for the decrease in net income in both Q2 and the first half of 2025 was the establishment of a legal settlement accrual of $35.5 million, net of tax, related to potential class action lawsuits [1][3] - Excluding the legal settlement accrual, net income for Q2 2025 would have been $7.5 million or $0.77 per share, and for the first six months, it would have been $9.3 million or $0.96 per share [2][4] Revenue Analysis - Total revenues for Q2 2025 were $122.3 million, slightly down from $122.5 million in Q2 2024, while revenues for the first six months of 2025 were $241.3 million, down from $249.8 million in the same period of 2024 [6] - The improvement in net income, when excluding the legal settlement accrual, was attributed to higher investment revenues and lower policyholder benefits, although this was partially offset by a decline in insurance revenues [2][4] Company Overview - Kansas City Life Insurance Company, established in 1895, is based in Kansas City, Missouri, and primarily provides financial protection through life insurance and annuities [5]