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Cargomatic - an 'Uber for truckers' with high-profile VC investment - laid off 50% of its staff

2016-04-05 22:13:34| Trucking - Topix.net

Cargomatic, a Los-Angeles based logistics startup described as the "Uber for truckers" which has raised more than $10 million in funding, "blindsided" staff by laying off half of its workforce - around 50 to 60 employees - over the past couple of months, according to people familiar with the matter. What most surprised staff was that up until recently the three-year-old company, which provides an app to connect businesses that need to ship goods locally with nearby truckers who have capacity in their vehicles, had been on a hiring spree.

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New state pension: Millions 'worse off'

2016-04-04 18:00:23| BBC News | Business | UK Edition

More than 11 million workers now in their 20s and 30s will end up worse off as a result of reforms to the state pension, a think tank says.

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Sunglass Maker to C-Store: Knock It Off

2016-04-03 23:29:00| Apparel - Topix.net

Oakley Inc. is suing Treasure Franchise Co. LLC, an ampm franchisee with convenience stores in California, Nevada and Arizona, in the U.S. District Court for the Southern District of California in San Diego for selling sunglasses that it said infringe on the company's patents and trademarks.

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Why has landing-slots auction at Hong Kong's airport failed to take off?

2016-04-03 16:34:55| Airlines - Topix.net

Precious runway slots are becoming scarcer for private jets at Hong Kong's airport because a new online booking platform has been hijacked by unscrupulous players rigging the system for profit ... As an April Fool's joke, I have to admit it isn't quite up with the one we carried years ago of how Singapore Airlines had bought six supersonic Concordes for the Changi to Jurong run. But there is as much foolishness in it, even if it is true, and I cannot see the boss allowing our front page lead story to be an April Fool's joke.

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Stakes High as Tesla Gets Ready to Pull the Wraps Off Model 3

2016-04-01 00:01:31| TechNewsWorld

Tesla fans around the world queued up to add their names to a reservation list in anticipation of Tesla Motors' planned Thursday night unveiling of its Model 3. The long-awaited new addition to the Tesla line is a more affordable sedan that targets not just early adopters, but a larger audience of luxury car owners. Company founder Elon Musk has shared key details in advance of the reveal.

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