Just in time for Thanksgiving, American Airlines has announced the end of the Frequent Flier Era as weve knownit. Starting next year, the airlines customers will earn miles based on how much they spend on a ticket rather than how far they fly. In making the shift, American becomes the last of the big three US airlines to adopt a revenue-based frequent-flier program.
The switch makes goodeconomic sense for the airlines. But if the goal of such programs is to reward and incentivize loyal passengers, then it’s time to replace mileage rewards with something else entirely: cash.
Interestingly enough, American invented the frequent-flier program back in 1981. In the super-competitive...
The National Bank of Ukraine (NBU) has obliged banks to calculate their capital requirements, taking into account the ratio between the credit risk and the sum of reserves for active banking transactions formed under international financial reporting standards (IFRS), the regulator said on its website.
NBU resolution No. 806 of November 19 which amends the procedure for regulating the operations of banks in Ukraine will take effect on December 21, 2015.
According to the document, banks are obliged to observe the capital requirements, taking into account the size of the uncovered credit risk. The size of the uncovered credit risk will be calculated as the ratio between the total...
The Danbury nightclub owner accused of running a Ponzi scheme was convicted Wednesday of wire fraud and money laundering in US District Court in New Haven.
Ian Bick, 20, owner of Tuxedo Junction, was found guilty on six counts of wire fraud and one court of money laundering after three days of jury deliberations.
Bick was charged in January with 11 counts of wire fraud, three counts of money laundering and one count of making a false statement.
ST. LOUIS (KTVI) – Don`t let identity theft, scams or overpriced merchandise ruin your holiday shopping experience.
Arm yourself with information that will help you spend wisely.
Whether you head to the stores on Black Friday or your fingers do the work on Cyber Monday. Warnings are coming from various sources encouraging you to shop with safety in mind. Even Missouri Attorney General Chris Koster says shop and save with security at the top of your list.
- take with you to the store the printed or electronic ads for sale pricing to avoid confusion
- understand the return and exchange policy of the store before purchasing. ...
Russ owned a successful contracting business that did large tenant improvement (TIs) projects for building owners.
In his industry it is common practice that a contractor will have to float the materials and initial labor of a new job for 15-45 days before they receive their first payment from their client.
In Russs case this might mean having to float $50,000-$250,000 until they receive their first check.
As you can imagine, the faster hes grown, the more capital Russ needed access to fund that growth. Bigger jobs required even bigger startup money.
Russ isnt alone. What most business owners dont give enough consideration to is that growth almost always sucks...
A new mobile application will allow UAE residents to give donations to humanitarian organisations around the world each time they make a purchase using a MasterCard.
Dubai-based International Humanitarian City (IHC) and the credit card firm have teamed up to create the free app in an effort to “create transparency” for people in terms of where exactly their money goes.
The donations will be directed to the Global Humanitarian Impact Fund (GHIF), which is connected with 60 other organisations, such as the UN.
Shaima Al Zarooni, CEO of IHC, said: “Because of people’s busy lifestyles here, they might not have time to go donate to the physical address...
CHESAPEAKE, Va. (WAVY) – Police are investigating a former Applebee’s employee for having a skimming device.
According to a search warrant obtained by 10 On Your Side, On April 22 Tequa Caffee confessed to a detective that she had a credit card scanning/skimming device when she worked at the Grassfield Parkway location.
It explains Caffee turned over the device after telling police another employee gave it to her as a way to make easy money.
Last month an investigator filed the search warrant to examine the skimming device.
“The device is used for literally skimming information from the credit card that can later be used to clone into future credit...
Marquette Police say the card was stolen in early October and used at local businesses and online. Investigation resulted in three felony warrants against Whitney Ann Wirkula, 20. She’s charged with one count of larceny in a building and two counts of illegal use/sale of a financial transaction device.
Wirkula was arrested Wednesday and lodged at the Marquette County Jail. Bond is set at 10 percent of $5,000 for each count.
AutoNation, Inc. (NYSE:AN): According to 7 Analysts, The short term target price has been estimated at $ 71.71.The target price could deviate by a maximum of $9.29 from the forecast price. In the near term, the target price could hit a high of $86 and a low of $ 58.
Currently the company Insiders own 2.1% of AutoNation, Inc. shares according to the proxy statements. In the past twelve weeks, the net percent change held by company insiders has changed by -31.18% . Institutional Investors own 65.14% of AutoNation, Inc. shares. During last six month period, the net percent change held by insiders has seen a change of -10.5%. On a different note, The Company has disclosed insider buying...
RMB204 million of securities upgraded
Hong Kong, November 20, 2015 — Moodys Investors Service has upgraded the rating of the Class B asset
backed notes of Bavarian Sky China 2015-1 Trust.
The affected rating is as follows:
Issuer: Bavarian Sky China 2015-1 Trust
….RMB204,000,000 Class B Asset
Backed Notes, Upgraded to Aa3 (sf); previously on Jun 16,
2015 Definitive Rating Assigned A2 (sf)
Moodys upgrade of the Class B notes was primarily prompted by the strong
build-up in credit enhancement since closing...