More choices, more rides bring transit renaissance
LOS ANGELES (AP) — With more trains and buses to take, and the appeal of using travel time for pursuits other than dodging traffic, Americans are taking greater advantage of a renaissance in public transit, according to a report released Monday.
EBay rejects Icahn board nominees, asks investors to do same
EBay Inc on Monday rejected activist investor Carl Icahn's two nominees to its board, saying both were unqualified, and urged shareholders to vote against them at its next annual meeting. Icahn, who owns just over 2 percent of the e-commerce company, has been pressuring eBay for weeks to spin off its PayPal payments business. He has also repeatedly accused eBay of poor corporate governance. The chairman of eBay's corporate governance and nominating committee, Richard Schlosberg III, said the board considered both but rejected them because "neither nominee has relevant experience or expertise." EBay said since each Icahn nominee currently sits on four public company boards, they are not in compliance with eBay's guidelines on "overboarding." EBay founder and Chairman Pierre Omidyar in a statement urged shareholders to support the company's slate, which includes Chief Executive John Donahoe.
Flight cancelations take a toll on airline revenue
DALLAS (AP) — Airlines are still tallying up the damage from this winter's storms, but solid demand for travel means they are likely to weather the rocky start to 2014 in good shape.
NATO sending surveillance planes to Ukraine border
BRUSSELS (AP) — NATO says it is dispatching surveillance aircraft to fly over Poland and Romania to monitor the crisis unfolding in neighboring Ukraine.
Boeing joining Malaysia crash investigation
Boeing said Monday it has joined an official US team investigating the still-mysterious disappearance of a Malaysia Airlines 777 aircraft, feared to have plunged into the Gulf of Thailand. Boeing said it would act as technical advisor to the US National Transportation Safety Board team already in Southeast Asia to offer assistance. The Malaysia Airlines plane that went missing Saturday on a flight from Kuala Lumpur to Beijing was a Boeing 777, a model which up to now has seen only one fatal crash. In the sole fatal crash involving the planes, a Boeing 777-200 operated by South Korea's Asiana Airlines skidded off the runway upon landing at San Francisco's international airport in July 2013, with three dead as a result.