On PR Newswire: Drake Summer Tour, Facebook Q1, Priceline and Valeant Executive Changes
With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire for Journalists. Here are some of this week’s most newsworthy releases you might have missed. Members of the media can register for PR Newswire for Journalists at prnmedia.prnewswire.com. Customize your profile to get the news releases you want before they make headlines. It’s free and takes only a few moments to sign up.
Priceline Group announced on April 28 that Darren Huston has resigned from the company, effective immediately. The company has appointed former CEO and current Chairman Jeffery H. Boyd as interim chief executive officer and president of Priceline Group while the board conducts a search to name a successor. Boyd is a 16-year veteran of Priceline Group, previously serving as president and chief executive officer from 2002 to 2013, during which time he led the company through a period of significant global expansion and growth in stockholder value. See the full release to learn more about the changes at Priceline.
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Facebook Inc. on April 27 reported financial results for the quarter ended March 31, 2016. “We had a great start to the year,” said Mark Zuckerberg, Facebook founder and CEO. “We’re focused on our 10-year roadmap to give everyone in the world the power to share anything they want with anyone.” The company also announced that its board has approved a proposal to amend and restate its existing certificate of incorporation to create a new class of non-voting capital stock, known as the Class C capital stock. If the proposal is approved, Facebook intends to issue two shares of Class C capital stock as a one-time stock dividend in respect of each outstanding share of our Class A and Class B common stock. See the full release to see more about Facebook’s quarterly results.
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Record profits driven by lower fuel costs are allowing airlines to invest in the in-flight experience, resulting in higher passenger satisfaction according to the American Customer Satisfaction Index’s (ACSI) Travel Report 2016. Airline satisfaction is up 4.3% to 72 on the ACSI’s 100-point scale, matching the all-time high set in 1994. “Airlines have always been one of the lowest-scoring industries in the ACSI because the in-flight experience was miserable,” says Claes Fornell, ACSI founder and chairman. “Historically, people were generally happy before they got on the plane. Now, that is changing. New planes, more options for in-flight entertainment, and the return of free snacks have resulted in higher passenger satisfaction.” See the full release to see more about how passengers feel about the airlines.
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Valeant Pharmaceuticals International Inc. on April 25 announced that its board has named Joseph C. Papa to become Valeant’s chairman and chief executive officer. Papa is expected to join Valeant by early May. Papa will join Valeant from Perrigo Co., a global healthcare supplier that develops, manufactures and distributes over-the-counter and prescription pharmaceuticals, where he served as chairman and chief executive officer. Papa, who will also join Valeant’s board, will succeed J. Michael Pearson, who is expected to remain as CEO and a director until Papa arrives at Valeant. See the full release to learn about the moves at Valeant.
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Grammy Award-winning and multi-platinum selling artist Drake will launch the DRAKE SUMMER SIXTEEN TOUR WITH FUTURE AND SPECIAL GUESTS in support of his brand new album, View. The North American tour, promoted exclusively by Live Nation, will kick off on Wednesday, July 20 in Austin, Texas and visit over 30 cities throughout the U.S. and Canada with multiple shows scheduled in New York City, Los Angeles, Chicago, and Houston. Other cities on the DRAKE SUMMER SIXTEEN TOUR WITH FUTURE AND SPECIAL GUESTS include Philadelphia, Vancouver, Boston, Atlanta, Washington DC and more. See the full release to learn more about the tour.
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Larry Grady is online content manager at PR Newswire for Journalists. He has worked in business media for nearly 30 years and enjoys reality TV and daydreaming about travel and wine.