Flight Prices to Get Personal? Airfares Could Vary Depending on Who Is Traveling
Travelers are annoyed by the very real possibility that they’ll sit down on a plane next to someone who paid much less for the same flight. Potential changes to how flights are priced in the future could be even more annoying. Consumers like the idea of an even playing field: Everyone gets the same opportunity to snag a good price on a product or service. Getting a deal is generally a matter of perseverance and timing. The price is the price, and the dollar figure one sees has nothing to do with who you are or your history of purchases. A system that functions otherwise—with “personalized” prices, causing some to pay more and others less for the same item, purchased at the same exact time—strikes many as unfair. Consumers have had reactions ranging from outrage to mild “they’re-screwing-us-again” aggravation when news has broken of such “personalized” or “customized” pricing. Three recent examples: Delta was apparently overcharging frequent fliers last year; Orbitz ...
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Should NYC Mayor Michael Bloomberg Buy the Financial Times?
What is it about the Financial Times that inspires such longing among billionaires? The salmon-hued daily newspaper, which is owned by London-based publishing and education giant Pearson, is widely considered a must-read on Wall Street and in the upper echelons of the business world. In fact, more so than perhaps any other daily news publication, the FT can lay claim to being the paper of record for so-called C-suite executives, a term that refers to a company’s most senior management. Billionaire media mogul Rupert Murdoch reportedly eyed the FT for many years. He ultimately bought the Wall Street Journal, but it’s noteworthy that the Journal’s current top editor, Robert Thomson, and its incoming top editor, Gerard Baker, are both FT veterans. The latest billionaire said to be enamored with the FT is none other than New York City Mayor Michael Bloomberg, founder of the giant media company that bears his name. On Monday, the New York Times reported that Bloomberg is “weighing the ...
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Should NYC Mayor Michael Bloomberg Buy the ‘Financial Times’?
What is it about the Financial Times that inspires such longing among billionaires? The salmon-hued daily newspaper, which is owned by London-based publishing and education giant Pearson, is widely considered a must-read on Wall Street and in the upper echelons of the business world. In fact, more so than perhaps any other daily news publication, the FT can lay claim to being the paper of record for so-called C-suite executives, a term that refers to a company’s most senior management. Billionaire media mogul Rupert Murdoch reportedly eyed the FT for many years. He ultimately bought the Wall Street Journal, but it’s noteworthy that the Journal’s current top editor, Robert Thomson, and its incoming top editor, Gerard Baker, are both FT veterans. The latest billionaire said to be enamored with the FT is none other than New York City Mayor Michael Bloomberg, founder of the giant media company that bears his name. On Monday, the New York Times reported that Bloomberg is “weighing the ...
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E*Trade to close UK operation, focus on U.S.: WSJ
Online financial services company E*Trade Financial Corp will shut down its British brokerage business as the company shifts focus back to its core U.S. operations, the Wall Street Journal reported, citing people familiar with the decision.
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Found more than 1 month ago on channel
Reuters
South Korea mall says 'Hello shopper, nice to see you'
Wednesday, October 10, 2012 - 04:36 Chung Sung-Jun/Getty Images People walk through a mall in Seoul's Gangnam District in Seoul, South Korea. Here's an idea: Put kiosks throughout a mall armed with facial recognition cameras that figure out a shopper's gender and age. The Wall Street Journal says it's happening now at the International Finance Center Mall in Seoul, South Korea. The system then makes shopping recommendations and will soon generate customized ads. The demographic data is being gathered, but the company involved says there's no personal information. Chester Wisniewski, at the online security firm Sophos, "The creepy factor to it all is that the technology being used isn’t really all that different than the technology that could be used to more pinpoint who you actually are or potentially record you." He says it's not much a leap between tech that recognizes you in the mall to tech that links that with your social media profile. Which is happening now in the U.S. although ...
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