News – Featured

Hurricane Irma Has Sent Airline Ticket Prices Skyrocketing | TheStreet

Hurricane Irma Has Sent Airline Ticket Prices Skyrocketing | TheStreet

United Airlines (UAL – Get Report) was showing prices on more than $6,000 for a flight from Miami to Denver, according to the Telegraph. The airline, however, said the price was quoted in error, citing a computer glitch. “United did not change how we priced our seats for flights out of Florida, and we will […]

Amazon Water Case Prices Spike Ahead Of Hurricane Irma | Crime Time

Amazon Water Case Prices Spike Ahead Of Hurricane Irma | Crime Time

In a statement, the company denounced surge pricing. “We do not engage in [it],” the spokeswoman said in a statement. “Amazon prices do not fluctuate by region or delivery location. Prices on bottled water from Amazon, and third-party sellers that are doing their own fulfillment to customers, have not widely fluctuated in the last month.” That […]

JetBlue and Delta offer special pricing to people fleeing Hurricane Irma – MarketWatch

JetBlue and Delta offer special pricing to people fleeing Hurricane Irma – MarketWatch

Delta said on Wednesday it’s capping airfares for areas affected by the hurricane. Delta is also adding additional flights to and from San Juan, Miami, Palm Beach, Fort Lauderdale, and Key West, and increasing the size of aircrafts flying from San Juan and South Florida to allow more people to leave. This comes after a […]

Uber introduces new UberFLASH and UberTaxi services | Digital News Asia

Uber introduces new UberFLASH and UberTaxi services | Digital News Asia

UBER Malaysia has introduced two new services, UberFLASH and UberTaxi to its users in the Klang Valley. Under the new UberFLASH service it will connect riders with the closest drive-partner to them be it an UberX or taxi. The second service, UberTaxi, on the other hand, will allow riders to specifically request for a metered […]

Amazon faces complaints of price gouging ahead of Irma | CBS News

Amazon faces complaints of price gouging ahead of Irma | CBS News

Amazon said it doesn’t engage in surge pricing, and denied that bottled water prices have changed recently. “We do not engage in surge pricing,” the spokeswoman said in a statement. “Amazon prices do not fluctuate by region or delivery location. Prices on bottled water from Amazon, and third-party sellers that are doing their own fulfillment […]

Airlines accused of hiking prices as people escape Hurricane Irma | Metro News

Airlines accused of hiking prices as people escape Hurricane Irma | Metro News

Airlines have been accused of hiking flight prices from Florida airports as thousands try to escape Hurricane Irma’s path. John Lyons said he booked a one-way American Airlines ticket for his daughter to come home on Thursday night. More than 1,000,000 left without power as Hurricane Irma batters Caribbean He paid $160. However, now the […]

Blockchain to shift media industry power | ITWeb

Blockchain to shift media industry power | ITWeb

The Deloitte report details how blockchain technology will provide new pricing options for paid content, as consumers increasingly demand an individual, customised content experience, as evidenced by the success of music and video streaming services. “While transaction costs have made it difficult to market low-priced content items or small bundles competitively and profitably, blockchain-enabled micro-payments […]

Thousands were fleeing Harvey. This Texas hotel started nearly tripling room prices | Fort Worth Star-Telegram

Thousands were fleeing Harvey. This Texas hotel started nearly tripling room prices | Fort Worth Star-Telegram

“Because people are calling to take rooms,” the clerk said, according to KXAN, adding that “we need to (inaudible) the price. I don’t have any control on the price.” The next morning, the TV crew again confronted a hotel clerk. They got a clerk to confirm that room rates were normally around $119 a night—but […]

Amazon Cuts Whole Foods Prices as Much as 43% on First Day | Bloomberg

Amazon Cuts Whole Foods Prices as Much as 43% on First Day | Bloomberg

“Price was the largest barrier to Whole Foods’ customers,” said Mark Baum, a senior vice president at the Food Marketing Institute, an industry group. “Amazon has demonstrated that it is willing to invest to dominate the categories that it decides to compete in. Food retailers of all sizes need to look really hard at their […]

Why Pharma May Not Fear the Latest Drug-Price Probe | Bloomberg Gadfly

Why Pharma May Not Fear the Latest Drug-Price Probe | Bloomberg Gadfly

The investigation will throw an unwelcome spotlight on these companies’ pricing practices and force the release of a lot of documents they’d rather not make public. But this is a pageant we’ve seen before. As uncomfortable as it will be for the drugmakers, it may not result in much lasting damage. Behind the investigation? The fact that list prices […]