Bloomberg India’s oil demand grew for a fourth month in March, although the pace of gains slowed from February as falling vehicle sales weighed on transportation fuel consumption even amid campaigning for federal elections. Total usage of oil products rose 1.3% y/y to 18.9m tonnes in March, according to the oil ministry’s Petroleum Planning & Analysis Cell Demand in the ...

Bloomberg Boeing Co said it’s helping to investigate how a 737-800 plane arriving from Cuba slipped into a river after skidding off a runway near Jacksonville, Florida. The chartered flight operated by Miami Air International Inc was carrying 136 passengers and seven crew when it left the runway at Naval Air Station Jacksonville on Friday evening, Boeing said in a ...

Bloomberg Scandinavian Airlines operator SAS AB reached a deal with pilot unions to end a seven-day strike that left hundreds of thousands of customers in the lurch and may have wiped out profit for the Nordic carrier this year. SAS and the Danish, Norwegian and Swedish pilots agreed on a new three-year wage and labour deal after two days of ...

Bloomberg The top lender of ailing Jet Airways India said the burden of reversing the grounded carrier’s negative net worth before it can fly again is the biggest challenge for any potential investor. “Liabilities and losses are considerable,” Rajnish Kumar, chairman of State Bank of India, said. “All these past liabilities and then, profitably, can they fly in future? These ...

Bloomberg Under Armour delivered first-quarter earnings that topped analysts’ estimates, another indication that its three-year transformation is getting the athletic brand back on track. Earnings amounted to 5 cents a share, Under Armour said, compared with estimates of break-even. Sales were $1.2 billion, just a slight gain from a year earlier, but above the projected $1.18 billion. Shares jumped in ...

Bloomberg Tyson Foods Inc will expand a voluntary recall of frozen, ready-to-eat chicken strips after more consumers reported fragments of metal in “a small number of products,” the company said in statement. It originally issued a recall of 69,093 pounds of strip products in March and now the expansion includes an additional 11.8 million pounds, the US Department of Agriculture ...

Bloomberg Watches of Switzerland Group, the UK’s biggest seller of luxury timepieces, said it’s considering an initial public offering in London that could help fuel expansion into the US market. The move would allow private-equity company Apollo Global Management to reduce its stake in the retailer, which handles about half of Rolex’s UK sales. It also could give impetus to ...

Bloomberg Homebuyers took advantage of Brexit uncertainty to get steep discounts in London’s fanciest neighborhoods in the first quarter. Prices for homes under 2 million pounds ($2.6 million) in the capital’s most sought-after districts fell the most in a decade in the three months through March as politicians failed to agree on a deal for the UK’s orderly withdrawal from ...

Bloomberg As FedEx Corp and United Parcel Service Inc beef up automation to keep pace with surging e-commerce and a potential threat from Amazon.com Inc, they’ve been stumped at a crucial stage: loading and unloading trucks. Robot makers are getting close to solving part of that puzzle. Siemens AG and Honeywell International Inc have built machines that pull packages from ...

Bloomberg Elon Musk’s Space Exploration Technologies Corp launched its 17th commercial resupply mission to the International Space Station for longtime customer NASA. The Falcon 9 rocket and Dragon space capsule rumbled aloft from Cape Canaveral Air Force Station in Florida. Dragon will deliver almost 5,500 pounds of science, supplies and hardware, according to NASA, and is slated to attach to ...