Business Newsreel: New airport service launches
FlightCar offers travelers free airport parking near Boston’s Logan Airport, with an opportunity to earn up to 0.20 cents a mile if they rent their vehicles out to other travelers.
Catering to business travelers whose employers pay for airport parking, FlightCar will now offer a new option. Instead of free parking, customers who chose to pay $15 per day will earn 0.50 cents per mile instead of .20 cents when their car is rented.
NEW YORK — Time Inc. Chief Executive Officer Joe Ripp is reorganizing the structure of the world’s largest magazine publisher and consolidating oversight as it prepares to spin off from its corporate parent Time Warner, according to a memo to staff on Tuesday.
The company also plans to cut about 500 positions globally, or roughly 6 percent of its workforce, said a person familiar with the company.
Apple, U.S. clash in court over e-books
The iPhone maker asked the 2nd U.S. Circuit Court of Appeals in New York to halt monitor Michael Bromwich’s work while the court considers Apple’s bid to remove him altogether, a process that could last several months.
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