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NYC Taxi Commission Accused Of $810 Million Fraud

PYMNTS

New York Attorney General Letitia James announced plans to sue New York City for allegedly fraudulent practices by its Taxi and Limousine Commission (TLC), according to reports on Thursday (Feb. A taxicab medallion is a numbered plate required to operate a yellow cab.

Fraud 223
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Foot Locker Reports Same Store Sales Up 18 Pct

PYMNTS

Diluted earnings per share, which include pre-tax charges of $37 million related to the purchase of Runners Point Group, the German specialty retailer, restructuring of its Eastbay division and costs incurred in connection with the recent social unrest, are expected to be 38 cents to 42 cents per share, down from 55 cents last year.

Report 135
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Getting Past ‘Standard’ To ‘Fair’: Tech Brings Efficiency To Mileage Reimbursements

PYMNTS

In a new PYMNTS webinar, Karen Webster and Danielle Lackey, chief legal officer at expense management provider Motus , spoke about those changes, and how companies can get with this trend to save money and even make employees happier. It does work well for mobile workers who drive less than 5,000 miles” annually, Lackey said.

Taxes 128
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B2B FinTech Firms Brace For Growth With New VC

PYMNTS

Growth of FinTech funding seems unstoppable, with the latest analysis from Hampleton Partners finding enterprise financial services and integration, online financial services, enterprise financial software and Software-as-a-Service (SaaS) risk management as some of the hottest spots for investors this year. 2nd Address.

Fintech 188
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Uber Facilitated More Than $600M In Tips For Drivers

PYMNTS

In May, it launched mid-trip ratings and tips, and that has driven a 30 percent increase in tipping, said Uber Product Manager Dhruv Tyagi. Lyft , noted the report, is operating in fewer markets than Uber — Lyft is in the U.S. and Canada while Uber has operations around the world.

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Top cash flow forecasting mistakes

Abrigo

Additionally, going through each item will raise important questions for the financial oversight of the company, and it can be used to hone in on poor strategic or financial decisions and help shape strong management. Tax liabilities are another source of variability in projecting cash flows. He resides in New York City with his wife.

Taxes 150
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Lessons to apply to business valuations

Abrigo

To accurately ascribe a value to a company, a manager must first project cash flows into the future. Most seasoned and talented investors look for EBITDA, which is an acronym for what the company makes from its operations; it excludes non-operational concerns such as taxes and capital structure. turns into $1.50