Bloomberg Airline executives and directors sold $49.9 million of stock in February, the most in three years, as industry shares posted a record rally fuelled by a widening vaccination effort. The top individual sellers were at Allegiant Travel Co. and Southwest Airlines Co., two leisure-focused carriers that are among analyst picks to benefit from a rebound in vacation travel as ...

Bloomberg British Airways, United Airlines Holdings Inc. and Singapore Airlines Ltd. were among carriers affected by a cyberattack that hit the Star and Oneworld alliances, exposing some loyalty-program member information. Sita Passenger Service System Inc.’s processing services were hit by a “highly sophisticated but limited” breach that targeted personal data stored on servers at its data center in Atlanta, the ...

Bloomberg Boeing Co. Chief Executive Officer Dave Calhoun got total compensation of $21 million last year, but his take-home pay was a small fraction of that as the planemaker slogged through a deep crisis caused by the coronavirus pandemic. When Covid-19 sent the aviation industry into the sharpest decline on record last March, Calhoun waived his salary for the rest ...

Bloomberg Fix Price’s initial public offering in London and Moscow raised $1.7 billion, on track to be the biggest listing from a Russian company in more than a decade, possibly prompting more share sales from local issuers. Russia’s largest dollar-store chain priced 178 million global depositary receipts, representing one ordinary share each, at the top end of an initial $8.75 ...

Bloomberg UK house prices rose unexpectedly in February, continuing a surge fueled by a temporary tax relief on purchases and Covid-induced shifts in people’s lifestyles. Values increased 0.7% from January to an average of 231,068 pounds ($321,000), Nationwide Building Society said. They climbed 6.9% from a year ago, accelerating from the 6.4% pace registered a month earlier. Housing boomed last ...

Bloomberg Swedish house prices soared to the highest level ever recorded, as a growing number of people make use of unprecedented central bank stimulus to upgrade into bigger homes. “From a credit perspective, one can only conclude that the market has been gripped by hysteria, which is connected to central banks pumping money into the system,” said Carl Johan Lagercrantz, ...

Bloomberg Google is under growing pressure to pay for information that, for two decades, the search provider snipped from the web — and made a mint from — without paying a penny. Australian and French efforts to force Google to compensate news publishers are only the latest examples of a trend spanning the globe. Canada is considering a similar requirement ...

Bloomberg Volvo Cars set an ambitious goal to only sell battery cars by 2030, accelerating its plans after sales of electric vehicles surged. The Chinese-owned Swedish brand is rolling out a new lineup of electric cars and will unveil its second battery-only model later. Going one step further than recent rivals’ decisions on EVs, Volvo’s electric vehicles will be available ...

Bloomberg Huawei Technologies Co. is planning to manufacture electric cars under its own brand, Reuters reported, as it shifts away from a consumer electronics business battered by US sanctions. The Chinese tech giant could roll out some models this year, Reuters said. Huawei is in talks with Chongqing Changan Automobile Co. and other carmakers to use their plants to manufacture ...

Bloomberg Samsung Electronics Co. revealed additional details about its plans to build a cutting-edge semiconductor facility in the US in a filing with the Texas government, making the disclosure as the Biden administration vows to make the security of the US chip supply a national priority. The South Korean company plans to invest about $17 billion in its Project Silicon ...