With great funding comes great pricing power
Uber announced Monday that it is cutting the price of UberX rides in New York City by 20% in an effort to undercut the city’s yellow cabs.
“We just dropped uberX fares by 20%, making it cheaper than a New York City taxi,” Uber said in a blog post. “From Brooklyn to the Bronx, and everywhere in between, uberX is now the most affordable ride in the city.”
New York City’s Taxi and Limousine Commission did not…
Just one small ethical lapse can snowball into big trouble, according to a study released June 25.
The same kind of slippery slope that Bernie Madoff said led to his $18 billion Ponzi scheme can make workers and companies vulnerable to scandal — unless managers snuff out ethical transgressions that may seem minor, write four business school professors in the study.
In what they say is the first empirical study on how unethical decisions compound over time, the researchers tested college…
The road to NSA reform took another unexpected turn
In a surprise vote late Thursday night, the U.S. House of Representatives overwhelmingly sided in favor of an amendment that would stop two key NSA surveillance activities: searching government databases for information on U.S. citizens without a warrant — the so-called “backdoor searches” — and ask hardware and software makers to build backdoors for surveillance purposes.
U.S. consumers this fall may start seeing a green bottle of Coca-Cola on their shelves, a mid-calorie cola known as Coca-Cola Life that’s the first Coke launch since 2006.
Coca-Cola Life, which is based on a mix of sugar and stevia, has 89 calories for a 330ml serving vs. 139 calories for the same serving of regular Coke, hit Argentina and Chile last year. Last week, the product launched in the UK market. Industry bible Beverage Digest reported last week that Coke Life will hit the U.S….
Giving the commencement address at the University of California at Irvine on Saturday, President Obama openly mocked the climate science and policy positions of many Republican lawmakers, without naming any names
This was the first time that Obama had launched such a frontal assault on those who are trying to stymie his efforts to reduce emissions of the greenhouse gases that are causing global warming, such as carbon dioxide
On June 2, the Obama administration introduced draft regulations…
United Airlines has announced that it will reward miles based on dollars spent, moving away from the traditional system based of rewarding frequent fliers based on how many miles they fly.
The carrier is following in the steps of U.S. airlines including Delta, JetBlue and Southwest. American Airlines is now the only major U.S. carrier to offer “award miles” based on actual miles.
“If they were authors, United would be…