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Uber is launching a monthly subscription service, similar to that of Amazon Prime. Ride Pass allows users to circumvent surge pricing on UberX and UberPool and pay prices that won’t be altered due to weather, traffic, or demand. The service is starting in five cities, costing Los Angeles riders $24.99 per month while Austin, Orlando, Denver, and Miami customers will fork out $14.99. Rival Lyft recently launched its own subscription service.
General Electric has slashed its quarterly dividend to a penny, from 12 cents, and says the Justice Department is opening an investigation into its accounting practices. The beleaguered conglomerate, which reported a third-quarter loss of $22.8 billion, also says that an ongoing Security and Exchange Commission probe has expanded. The investigations center on $28 billion in charges tied to the 126-year-old company’s power unit and insurance reserves.
Apple has unveiled an updated Macbook Air with a retina display, a new version of the Mac Mini and a new iPad Pro at an event in New York City. Among the biggest hits with the audience was the announcement that the MacBook Air would be made of 100% recycled aluminum. The event comes one month after Apple launched several mobile devices — including the Apple Watch 4 — in California.
As parents face a holiday season without Toys "R" Us, a number of retailers are competing to fill the void. Target, Party City and Walmart are just a few of the stores battling for a bigger piece of the toy market, with Party City recently opening 55 Toy City locations. Meanwhile, Target is allocating more room for larger toys at 500 locations, and Walmart is also debuting larger toy aisles, as well as offering exclusive products. The National Retail Federation expects holiday retail sales to reach $720 billion.
Also: Walmart is looking to ease shopper congestion at checkout lines this year by rolling out mobile cashiers ahead of the holidays. The "Check Out With Me" program will allow customers to pay by card with roaming employees at Walmart Supercenters.
A cluster of media companies, private-equity firms and sports teams are circling the 22 regional sports networks up for grabs, following Disney’s acquisition of 21st Century Fox. The Justice Department ruled Disney must sell off the channels, which could deliver Disney a haul of up to $25 billion. With bids due November 8, contenders include private-equity firm Blackstone, the rapper Ice Cube, conservative broadcaster Sinclair, sports-teams seeking channels in their specific markets and Fox Sports itself, according to The Wall Street Journal.
Source: LinkedIn News.
General Electric has slashed its quarterly dividend to a penny, from 12 cents, and says the Justice Department is opening an investigation into its accounting practices. The beleaguered conglomerate, which reported a third-quarter loss of $22.8 billion, also says that an ongoing Security and Exchange Commission probe has expanded. The investigations center on $28 billion in charges tied to the 126-year-old company’s power unit and insurance reserves.
Apple has unveiled an updated Macbook Air with a retina display, a new version of the Mac Mini and a new iPad Pro at an event in New York City. Among the biggest hits with the audience was the announcement that the MacBook Air would be made of 100% recycled aluminum. The event comes one month after Apple launched several mobile devices — including the Apple Watch 4 — in California.
As parents face a holiday season without Toys "R" Us, a number of retailers are competing to fill the void. Target, Party City and Walmart are just a few of the stores battling for a bigger piece of the toy market, with Party City recently opening 55 Toy City locations. Meanwhile, Target is allocating more room for larger toys at 500 locations, and Walmart is also debuting larger toy aisles, as well as offering exclusive products. The National Retail Federation expects holiday retail sales to reach $720 billion.
Also: Walmart is looking to ease shopper congestion at checkout lines this year by rolling out mobile cashiers ahead of the holidays. The "Check Out With Me" program will allow customers to pay by card with roaming employees at Walmart Supercenters.
A cluster of media companies, private-equity firms and sports teams are circling the 22 regional sports networks up for grabs, following Disney’s acquisition of 21st Century Fox. The Justice Department ruled Disney must sell off the channels, which could deliver Disney a haul of up to $25 billion. With bids due November 8, contenders include private-equity firm Blackstone, the rapper Ice Cube, conservative broadcaster Sinclair, sports-teams seeking channels in their specific markets and Fox Sports itself, according to The Wall Street Journal.
Source: LinkedIn News.