Bloomberg Starbucks Corp. said its move to put stores in low-income areas such as Ferguson, Missouri, hasn’t been a money-losing endeavour. The three locations open so far as part of the project have been profitable, said Rodney Hines, director for community investments for Starbucks’ U.S. retail operations. And the company is unveiling a fourth cafe on Wednesday on the ...

  Bloomberg Mitsubishi Aircraft Corp., a unit of Mitsubishi Heavy Industries Ltd., may delay the delivery of its MRJ regional jets to its first customer ANA Holdings Inc. due to the possibility of some technical modifications to the aircraft, the Japanese carrier said. The builder of Japan’s first home-made passenger jet informed of the possibility of such a risk late ...

  Bloomberg Delta Air Lines Inc. would give its pilots a 30 percent raise over four years under an agreement in principle with the aviators’ union, potentially paving the way for a new contract after a nine-month standoff. The increase includes an 18 percent gain retroactive to Jan. 1, according to a union memo sent Friday, which was obtained by ...

Bloomberg Boeing Co. is nearing an agreement with Qatar’s flagship airline for a multibillion-dollar commercial jet order, following U.S. approval of a long-stalled sale of F-15 fighter jets to the Persian Gulf nation. Qatar Airways is in late-stage talks to acquire at least 30 Boeing wide-body jets and would take 787 Dreamliner and 777 models, said the people, who asked ...

  Bloomberg Australian steel and iron ore producer Arrium Ltd. may face costs of as much as A$40 million ($30.6 million) following storms that caused blackouts and forced BHP Billiton Ltd. to halt its Olympic Dam copper operation. Arrium’s steelworks in the south-coast town of Whyalla and the mining of iron ore to feed the mill have been halted since ...

  New Delhi / AFP Indians have declared almost $10 billion in hidden wealth under a government amnesty on tax evasion, as part of Prime Minister Narendra Modi’s moves to crack down on huge piles of black money. Finance Minister Arun Jaitley said the four-month scheme that closed on Friday had resulted in 64,275 declarations of previously undisclosed assets and ...

  Bloomberg The yuan took on the mantle of a global reserve currency Saturday, a milestone that is seen breathing life into China’s bond markets by prompting estimated inflows of as much as $1 trillion over the next five years. The currency’s entry into the International Monetary Fund’s Special Drawing Rights — alongside the dollar, euro, pound and the yen ...

  Bloomberg China’s official factory gauge steadied at the highest level in almost two years while services picked up, suggesting that the economy’s stabilization continued last month and reducing prospects for additional policy easing. The data add to evidence of improvement as government fiscal support and a soaring property market help underpin growth. Fresh signs of stability may lead policy ...

  Hanoi / AFP Thousands of Vietnamese protesters surrounded a Taiwanese steel plant on Sunday, some scaling walls and holding signs demanding its closure, as anger flares against the firm for dumping toxic waste into the ocean killing tonnes of fish. Huge crowds on motorbike and foot gathered at the Formosa plant in central Ha Tinh province, with some holding ...

  Bloomberg Lloyds Banking Group Plc, Britain’s largest mortgage lender, may take a 1.6 billion-pound ($2.1 billion) charge in third-quarter earnings to cover a pension deficit and customer compensation, according to analysts. The London-based bank may set aside 800 million pounds to cover its pension fund liabilities and a similar amount for customers who were wrongly sold payment protection insurance, ...