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Africa’s biggest grocer plunges most since 1999 on profit warning

Bloomberg Shoprite Holdings Ltd shares slumped the most since 1999 after Africa’s biggest grocer said first-half earnings dropped as much as 26 percent, with South African food deflation and IT troubles compounding weakness in the rest of the continent. Headline earnings per share declined between 16 percent and 26 percent to as little as 3.89 rand, the Cape Town-based supermarket ...

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United Air drops fee for in-flight TV

Bloomberg United Continental Holdings Inc. is dropping the fee to watch DirecTV live television and films on jets equipped with the service. Free television will now be available on 211 of United’s Boeing Co. single-aisle 737s, United said in a statement on Wednesday. Like most of its rivals, the airline also offers free streamed content across its fleet even as ...

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Boeing’s decision of the decade: Does it build the 797?

Bloomberg Boeing Co. executives are closing in on one of their most important decisions of the decade: whether to plow an estimated $15 billion into a new jetliner family. The aircraft nicknamed the 797 would feature Boeing’s first all-new design since the 787 Dreamliner’s unveiling in 2004, while shoring up its product line against recent Airbus SE advances. The European ...

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