corporate jets

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Amid Own Turbulence, BlackBerry Splurged on a Jet

Firm says it was to replace 2 others, but now ditching all

(Newser) - BlackBerry's been having a rough patch lately. It made headlines Friday with a second-quarter loss of almost $1 billion and plans to cut 40% of its worldwide workforce; then, USA Today notes, the company postponed its launch of BlackBerry Messenger for Android and iOS because the Android version was... More »

What Writeoffs Might Die in Senate's Tax Code Overhaul

Max Baucus and Orrin Hatch trying 'blank slate' approach

(Newser) - Don't look now, but the Senate is sort of rewriting the entire tax code. Max Baucus and Orrin Hatch are trying an ambitious "blank slate" approach to the code, throwing out every tax provision and putting the onus on their supporters to justify their continued existence—and they... More »

Bailed-Out Bank Execs Fly Corporate Jets to Resorts

Citi, BoA, Morgan Stanley CEOs jetted off after cash infusions

(Newser) - Executives at bailed-out banks are still using company jets to fly to vacation homes and resorts, the Wall Street Journal reports. The newspaper reviewed FAA records to find that banks receiving federal aid have flown top execs to locales such as the Caribbean, Aspen, and Europe. Case in point: Less... More »

Businesses Fight to Keep Corporate Flight Info Private

(Newser) - Business execs who jet around in private planes are fighting to keep their flights secret, reports ProPublica. After a freedom-of-information request from ProPublica, the FAA agreed to change policy and reveal which businesses are allowed to keep their flight records out of public databases. Before the information came out, however,... More »

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