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 ...