Boston, MA, 02/26/2014 (usastockreport) – American Airlines Group Inc (NASDAQ:AAL)‘s rival Delta Air Lines has introduced some radical changes into its frequent flyer program with the aim to get more attention from big spending clients, including corporate fliers. It is to be noted that the big spenders account only 2% of the Delta’s customers, but fetch them 20% of revenue. Delta has announced that the fares paid by their customers will now be based for frequent-flyer rewards instead of the traveled miles. The carrier’s shift of focus from distance to dollars could bring in a lot of perks for the ‘elite’ class customers. Delta Air Lines Inc. (NYSE:DAL)‘s rival American Airlines Group Inc (NASDAQ:AAL) and others are on a close watch over this strategy, because if it works for Delta then it could soon be their strategy as well.
Yahoo! Inc. (NASDAQ:YHOO) introduces News Digest app for iOS in UK. The company had debuted the app in the last month at the Consumer Electronic Show. The app gives a daily dose of important news to its subscribers. Though, it was created to target U.S. audience, but Yahoo! Inc. (NASDAQ:YHOO) released a version in the UK as well. In the U.K., the app will cover all the latest news with only difference that this news will have more of the U.K. flavor.
Rackspace Hosting, Inc. (NYSE:RAX) inched up on Tuesday after the company announced of its stepping out from the Oppenheimer’s presentation, which is scheduled in March and relates to the cloud services discussion. The company cited scheduling conflicts as the reason for cancellation. However, investors were seen excited at the hint of a probable merger and acquisition of the company. Analyst Richard Kugele at Needham & Co. noted that they are highly viewing an opportunity for RAX to be acquired by other market players at a time when its enterprise value if $5 billion. Rackspace Hosting, Inc. (NYSE:RAX) recently declared the departure of its CEO Lanham Napier and Kugele view his exit as not due to M&A but more in line of need for rapid cloud growth.