Cheddar Afternoon Business Report 10/03: Wells Fargo grill, Uber in London, ‘Placer’ appPosted: Updated:
Wells Fargo’s chief executive Timothy Sloan was on Capitol Hill today. Lawmakers say the bank hasn't done enough to fix problems that led to a massive accounts scandal, when the bank opened millions of fake accounts without customer permission. Sen. Elizabeth Warren, who has been critical of Wall Street before told Sloan he should be fired.
Uber may not have to pull its service from London after all. Uber's new CEO headed to London to meet with the city's transport commissioner after the city pulled Uber's license. Uber says it will do whatever it takes to make things right and will appeal the decision. The Transport of London was critical of Uber for not doing driver background checks.
There's a new app called “Placer” where people can hire line sitters to wait on line at some of the trendiest bakeries, bagel stores or even for tickets to a show. The placer alerts the jumper when they're near the front of the line and the jumper cuts in. According to the New York Post, line sitters make an average of $45 per job.
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- American Airlines is joining United and JetBlue in reducing the number of flights out of New York area airports as the city braces for its worst week since the coronavirus outbreak began.
- New York City is banning the video conferencing platform Zoom in schools over security concerns.
- American Airlines is cutting international flights by 60% this summer as travel demand continues to slow.
- Apple has acquired popular weather app Dark Sky,