Bloomberg General Electric Co. may not grow this year as low oil prices, a strong dollar and a sluggish economy crimp demand for oilfield equipment and locomotive parts, a setback for Chief Executive Officer Jeffrey Immelt as he pursues a sharpened focus on manufacturing. The stock fell after GE cut its outlook for organic sales growth, projecting the figure ...

  Bloomberg In Germany, fretting about inflation is a political currency that never seems to lose its value. In the past week, for example, at least three national newspapers have run prominent articles telling the populace that their savings — denied the magic of compound interest by the European Central Bank’s low-rate policies — are in for a renewed onslaught ...

  Bloomberg Canada’s listing export sector took another blow as talks to seal a trade deal with the European Union broke down, adding to questions about what will drive the economy forward. The country is already facing three straight years of growth below 2 percent, the weakest stretch since at least the 1960s. Business spending is still hurting from the ...

Bloomberg China is set to overtake the US to become the world’s largest aviation market by passengers by 2024 as more people take to the skies domestically and internationally, according to the International Air Transport Association. The number of people flying to, from and within China will almost double to 927 million annually by 2025, from 487 million last year, ...

  Bloomberg Deutsche Lufthansa AG raised its 2016 profit forecast after premium-class bookings beat the airline’s expectations and as fuel costs decline. The stock rose the most in eight years. Adjusted earnings before interest and taxes this year will about match the 2015 figure, bolstered by a projected decrease of 140 million euros ($154 million) in fourth-quarter fuel expenses, the ...

  Bloomberg Canada’s plane and train maker Bombardier said it was cutting 7,500 jobs, its second major layoff announcement this year following delays in deliveries of its C-series airplanes. The job cuts, to be completed by the end of 2018, are expected to mostly hit administrative posts, with two-thirds from the transport division, a Bombardier spokesman said. These layoffs come ...

  Bloomberg Oceanair Linhas Aereas SA, which operates as Brazilian airline Avianca Brasil, hasn’t paid more than $4 million in lease payments for one of its Airbus A330 airplanes, according to a lawsuit filed by Wells Fargo & Co. The complaint, filed Oct. 14 in federal court in Manhattan, claims the airline is behind on $4.64 million in payments to ...

  Bloomberg Canada’s retail sales unexpectedly fell and the inflation rate trailed forecasts, raising concern about the health of the country’s economic rebound. Retail sales fell 0.1 per cent in August, compared with forecasts for a 0.3 per cent gain. Consumer inflation accelerated for the first time in five months in September to 1.3 per cent, however the jump was ...

  Bloomberg Alaska Air Group can’t complete its merger with Virgin America unless it gives at least seven days advance notice to the San Francisco federal court judge presiding over a consumer antitrust case contending the tie-up is anticompetitive. US District Judge William Alsup issued an order warning Alaska Air that “any consummation will be subject to divestiture,” meaning any ...

  Bloomberg Canada’s banks could see their costs rise by as much as 30 basis points under government proposals that would force them to take on a greater share of mortgage defaults, as policy makers seek to engineer a soft landing in the country’s housing market. The estimates, contained in consultation documents released by the country’s finance department, outline two ...