The DoJ has filed suit to block the merger of US Air and American Airlines, because they've noticed that while the airlines' executives publicly gave the reason for the merger as "synergies" and efficiency, they told the industry that the merger would allow them to jack up prices and charge more fees. Pictured to the right, Scott Kirby the US Air President who took to the podium at a conference to say it was "impossible to overstate the benefit" of the new fees he'd be able to charge after a merger.
The suit hearkens back to the time in 2011 when US Airways President Scott Kirby said that industry consolidation had made it possible for airlines to then successfully complete three airfare hikes that year, reports the Associated Press’ Scott Mayerowitz. And then in 2012 he spoke at an industry conference, saying it’s “impossible to overstate the benefit” of mergers in giving airlines the ability to impose new fees.
Lax enforcement from the SEC has allowed the biggest companies in America — 90 percent of the companies in the S&P 500, led by the faltering energy sector — to ignore the “Generally Accepted Accounting Principles” (GAAP) in presenting their financial information to investors, manufacturing nonexistent profits in quarters where they suffer punishing losses.
Reuters reports that VW is about to tell the federal judge in San Francisco in charge of its case that it will offer to buy back nearly half a million of its diesel vehicles from owners who were deceived about the cars’ emission standards and performance when the company engineered its cars so that they […]
Isn’t it about time to stretch what your Mac can do? I mean, you’ve got plenty of great programs now…but don’t you think you could use some new tools to get your creative, analytical and organizational juices really flowing? It’s spring, so we cleaned up a whole bunch of super-cool apps lying around and packaged […]
In the world of app development, there’s no greater arena to find success than with Android users. About 80% of the smartphones in use today worldwide operate on the Android operating system, so if you build a great app that Android users love, you’re an international rock star. You’ll be able to make sure your […]
Unless you’re a programmer or webmaster, the term SQL probably doesn’t mean much to you. But for those looking to understand more about how and why the web works the way that it does, know this – SQL and its process of managing and presenting large data sets is everywhere…and it’s the most in-demand programming […]