YOUR BUSINESS AUTHORITY
Springfield, MO
New York City Council yesterday passed regulations on ride-hailing companies that cap the number of vehicles on the road for one year.
The order also requires companies such as Uber and Lyft to pay drivers a minimum wage.
A study by The New School for the TLC found app-based ride services account for 80,000 vehicles in New York City and provide 17 million rides per month.
"Our city is directly confronting a crisis that is driving working New Yorkers into poverty and our streets into gridlock," New York Mayor Bill de Blasio said in a statement. "The unchecked growth of app-based for-hire vehicle companies has demanded action – and now we have it."
Read more from CNBC.
Connected to Watkins Elementary School is a new storm shelter now under construction.
Updated: Systematic Savings Bank to be acquired in $14M deal
STL construction firm buys KC company
Webster University's deficit triples
‘Dress for your day’: Companies are relaxing dress codes amid evolving ideas about fashion
Missouri House speaker accused of obstruction in ethics probe
Former CoxHealth colleagues starting communications firm
Developer targets opening by month's end for $10M apartment complex