Expedia late Wednesday announced that its board of directors approved the appointment of Mark Okerstrom as its new president and chief executive. Expedia, Inc. is an American travel company that owns and operates several international global online travel brands, primarily travel fare aggregator websites and travel metasearch engines including Expedia.com, Hotels.com, Hotwire.com, trivago, Venere.com, Travelocity, Orbitz, and HomeAway. The company operates about 200 travel booking websites in
Business
How a Danish startup is using math to cut airport wait times in half
(Business Insider) - Danish startup Copenhagen Optimization has become the go-to for making airports run more smoothly. Like they did at Geneva Airport in Switzerland, where the average waiting time was reduced by more than 50%. "It's all about numbers," says Anders Dohn, Managing Partner and co-founder at Copenhagen Optimization. "At the core, we have a
How Conveyor belt operators’ strike over unpaid 8 months salary grounded flights at Lagos airport
...Airport authority denies owning operators (Guardian) - Flights at the international wing of the Murtala Muhammed Airport, Lagos were disrupted yesterday for several hours following a strike action by operators of the belt conveyor to protest against alleged unpaid salaries. The workers, in the employ of OTIS Nigeria Limited, a private company engaged to
Uber Gets Deal-Maker, Trump Agitator as CEO
Dara Khosrowshahi will take over as chief of ride-hail company Meg Whitman and Jeffrey Immelt were finalists for the job (Bloomberg) - Uber Technologies Inc. will appoint Expedia Inc.’s Dara Khosrowshahi to run the global ride-hailing Leviathan, two people familiar with the matter said. He’ll succeed co-founder Travis Kalanick, who led the
How Plan to Sell Arik at a Paltry Amount Failed
Uber Racks Up Rides, Losses Amid Setbacks
San Francisco (Fox) - Uber Technologies' scandal-plagued year apparently hasn't deterred ridership, though the ride-hailing company is still reporting heavy financial losses. The San Francisco company reported a $645 million loss for the second quarter, narrowing from $708 million in the first quarter. Revenue, not including a one-time outlay for drivers in
Volkswagen, Fiat Discussing Joint Production of Light-Utility Vehicles
HAMBURG (Reuters) - Volkswagen and Fiat Chrysler Automobiles have held discussions on joining up to produce some light-utility vehicles, a source close to the matter said on Thursday. “It’s still very vague, we have to see if this will be pursued,” the source said, without giving any details. Fiat Chrysler declined to
U.S. Port Volumes Rise as Retailers Add Inventory Ahead of Holiday Season
Ports around the country took in near-record imports in July, pointing to rise in consumer confidence. U.S. retailers and manufacturers are stocking-up their inventories with newfound confidence heading into this year’s peak shipping season when imports typically tick up ahead of the end-of-year holidays. American ports took in the equivalent of 1.72
Hyundai to launch pickup, more SUVs to reverse U.S. sales slide
DETROIT/SEOUL (Reuters) - Hyundai Motor (005380.KS) plans to launch a pickup truck in the United States as part of a broader plan to catch up with a shift away from sedans in one of the Korean automaker's most important markets, a senior company executive told Reuters. Michael J. O’Brien, vice president
Ford wants to build electric vehicles in China
(Reuters) - Ford Motor is exploring setting up a joint venture with Chinese firm Anhui Zotye Automobile Co to build electric passenger vehicles in China under a new brand, tapping into a boom for such vehicles in the world's top auto market. China, struggling with alarming pollution levels in major cities,