Bloomberg Online mattress retailer Casper Sleep Inc is working with Morgan Stanley and Goldman Sachs Group Inc on a US initial public offering, according to people with knowledge of the matter. The New York-based company could go public as soon as this year or the first half of 2020, said the people, who asked not to be identified because the …

Bloomberg Danone, already struggling with falling yogurt sales as consumers shift to vegan alternatives, is getting hit by a decline in its bottled-water business. Shares of the owner of Evian water headed towards their biggest fall in more than a decade after it lowered its annual sales outlook. The cut deals a blow to Chief Executive Officer Emmanuel Faber’s turnaround …

Bloomberg Spirit Airlines Inc will build a new South Florida headquarters that will cost $250 million over three years. The new office campus of as much as 500,000 square feet will consolidate more than 1,200 employees, Spirit said in a statement. The project is scheduled to open in 2022 in Dania Beach, Florida, just south of the carrier’s largest operational …

Bloomberg Hedge funds are increasingly pessimistic on oil as US stockpiles surge and crude refining plunges. Bets on a West Texas Intermediate crude rout rose 7.6% in the week ended October 15 and almost tripled since mid-September. A report showing American crude storage rose for a fifth week while refiners cut processing rates to the lowest since 2017 only reinforced …

Bloomberg Tanzania is open to discussions with investors on the $10 billion Bagamoyo Port project, but will prioritise the interests of the East African nation, the Daily News newspaper reported, citing Tanzania Ports Authority Director General Deusdedit Kakoko. Talks on the proposed port have stalled because investors’ conditions were likely to prevent Tanzania from reaping the maximum benefit from the …

Washington / WAM The global economy is projected to grow by about 3 percent this year, but the pace has continued to weaken since April,according to the International Monetary and Financial Committee (IMFC). ”Growth is projected to pick up next year, but the outlook is highly uncertain and subject to elevated downside risks. These include trade tensions, policy uncertainty, and …

Bloomberg Google’s latest smartphone demonstrates how artificial intelligence (AI) and software can enhance a camera’s capabilities, one of the most important selling points of any mobile device. The Pixel 4, the latest entrant in a phone line defined by its cameras, touts an upgraded ability to zoom in when shooting photos as its biggest upgrade. But the Alphabet Inc company …

Bloomberg Yandex NV, Russia’s largest internet firm, said its self-driving cars have passed 1 million miles in fully autonomous driving since it started testing the technology in December 2017, joining an elite group in the emerging robotaxi industry. The milestone matters for Yandex’s quest to compete with the likes of Alphabet Inc’s Waymo for a share of the market, which …

Bloomberg Samsung Electronics Co said it will issue a software update early next week to address a major security vulnerability that’s emerged on the company’s flagship Galaxy smartphones, the latest technological mishap for the world’s largest smartphone maker. Consumers noticed in recent days that Samsung’s in-screen ultrasonic fingerprint scanner — used to unlock the company’s latest Galaxy S10 and Note …

Bloomberg Adobe Inc is nearing the consumer launch of Photoshop for Apple Inc’s iPads a year after it was officially announced, however the company and early testers have said that the application will lack some key features from the desktop version. The San Jose, California-based company will hold its annual creative software conference, Max, in early November in Los Angeles …