Back in August, Uber stopped running its UberPop service. That’s the equivalent of the UberX service in the United States, where safe drivers who just have regular licenses, not livery licenses, hire themselves out to drive people around for a lower price than taxi service. The reason wasn’t the pending legal challenge: the company claims that it feared for the safety of its drivers and passengers. Read More >
Indiana Governor Mike Pence spoke at a press conference announcing 1,200 new jobs at SIA. Read More >
According to the LA Times, Volkswagen’s falsified emissions data made certain 2009 model year vehicles eligible for a $1,300 green car subsidy. That subsidy, applicable to 39,500 Jetta and Jetta Sportwagen units sold, equated to a total of $51.35 million available to buyers from the government. Read More >
PwC recruits heavily on college campuses, hiring 11,000 freshly graduated students every year. Now it's going to start helping those with student loans by giving them $1,200 a year in assistance. Read More >
Read More >
DUBLIN – FLY Leasing Limited, a global leader in aircraft leasing, announced that it has contracted to sell 12 older aircraft from its portfolio for $240 million. The sale is anticipated to produce a $12 million pre-tax gain. In connection with the transaction, FLY anticipates recording $3 million in non-cash charges relating to debt modification and extinguishment costs. The aircraft will transfer individually to the new owner, with all transfers expected to be completed by year end. The gain and the associated expenses will be recognized on a pro rata basis at the time of each transfer. The sale is subject to customary closing conditions.