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Toyota Invests In Grab, Which Is Beating Uber In Southeast Asia

Add Toyota Motor (TM) to the list of investors in ride-hailing service Grab, the startup that is looking to knock out Uber in Southeast Asia. Grab (formerly known as GrabTaxi) is a technology company that offers a wide range of ride-hailing and logistics services through its app in Malaysia and neighbouring Southeast Asian nations such as Singapore, Indonesia, Philippines, Vietnam, and Thailand. As of

Expedia Appoints New CEO, Expecting Smooth Transition

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,,, trivago,, Travelocity, Orbitz, and HomeAway. The company operates about 200 travel booking websites in

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

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

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

Nigeri’s Arik back to 4,000 passengers per day

... Airline now fly to Ghana, Togo, Senegal   Nigerian flag carrier, Arik, has disclosed that it is now back to flying around 4,000 passengers per day with its fleet of aircraft. Speaking with journalists in Lagos, Roy Ilegbodu, the managing director of Arik Air, commended the measures put in place by Asset Management