Bloomberg Boeing Co said it told US regulators “multiple times” that it had expanded the role of flight-control software later linked to two fatal crashes, and that Federal Aviation Administration (FAA) personnel observed the system operating in flight tests before the 737 Max was certified for service. The statement provided a broader explanation to the bombshell revelation that a former ...

Bloomberg Coca-Cola Co’s international sales and low-sugar offerings like Coca-Cola Zero Sugar drove brisk revenue growth in the third quarter. Shares rose the most intraday since July. The beverage giant said unit case volume grew by 2%, while net revenue expanded 8% to $9.5 billion. The key metric of organic revenue, which strips out some items like currency effects, jumped ...

Bloomberg It’s all about that new plane smell. Private jets that can fly faster and go longer distances are causing a surge in new corporate-jet deliveries from General Dynamic Corp’s Gulfstream unit, Bombardier Inc and Textron Inc’s Cessna. Innovations that have spurred sales include better fuel-efficiency, roomier, quieter cabins and gadget-packed cockpits that can predict the weather and smooth out ...

Bloomberg Japan’s largest clothing maker Fast Retailing Co suspended a TV commercial in South Korea which angered consumers, the Kookmin Ilbo newspaper reported. An ad in English promoting Uniqlo’s fall/winter collection had Korean subtitles that some believed made reference to a period of war-time slaves. The commercial was withdrawn from Uniqlo’s Youtube account and TV networks, the paper said, citing ...

Bloomberg Routine drone deliveries of medication, snacks and other small items from a drugstore began in a small Virginia town. Alphabet Inc offshoot Wing, which just received an expanded certification to act as a small air carrier, is starting the nation’s inaugural delivery service via a small civilian aircraft with partners Walgreens Boots Alliance Inc and FedEx Corp. “This is ...

Bloomberg For a taste of CEO Steve Rowe’s ambitions to transform Marks & Spencer Group Plc, look no further than its newly refurbished shop in London’s Clapham neighbourhood. The store looks more like a Whole Foods Market than one of the 135-year-old British retailer’s more traditional outlets. Alongside piles of avocados and herbs grown with the help of artificial intelligence ...

Bloomberg Royal Dutch Shell Plc abandoned two oil projects off Kazakhstan after stubbornly high costs made them uneconomic. Shell has exited the Khazar field, while North Caspian Operating Co. — a joint venture including Shell — has quit the Kalamkas-Sea project, according to TOO PSA, an entity run by the Kazakh Energy Ministry. The retreat from the fields — both ...

Bloomberg Anti-government protests that have shaken the world’s largest copper producing nation Chile for the past three days have spread to the mining sector as unions call for stoppages. Workers at BHP Ltd.’s Escondida mine will hold a “warning stoppage” for 10 hours in solidarity with protests. The stoppage risks disrupting copper supply from the world’s largest producer, with ports ...

The deal Boris Johnson has struck with the rest of the European Union over Britain’s withdrawal follows a familiar pattern. Much like other populist politicians in Europe, the British prime minister is trumpeting a false success. The same agreement could have been reached nearly two years ago at a lower economic cost. He’s now in the same class as Alexis ...

Nestle SA Chief Executive Officer Mark Schneider is in a good spot. He’s on the verge of capping what he set out to do when he became the Swiss food behemoth’s first outside leader for almost 100 years. Nestle is on track to meet its target for operating margin a year early. Its organic sales growth goal for next year ...