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JPMorgan vet Moraes picked to run PE fund in Brazil

Bloomberg Patricia Moraes got lots of job offers after leaving JPMorgan Chase & Co. in January, but the only one she said “made my hands start to sweat” came from the billionaire families that run Magazine Luiza SA. Moraes said yes when the retail giant’s chairwoman, Luiza Helena Trajano, asked her to become one of the few women in Brazil ...

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Airbus replaces sales head Schulz after less than a year

Bloomberg Airbus SE replaced its head of sales after less than a year, adding to the rapid changeover at the top of the planemaker and highlighting the challenge of filling the shoes of inimitable predecessor John Leahy. Eric Schulz, who joined the European planemaker from Rolls-Royce Holdings Plc, will be succeeded by Christian Scherer, 56, an Airbus veteran who has ...

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900 Hong Kong flights cancelled as typhoon batters city

Bloomberg Airlines and passengers over parts of Asia have been grounded as Typhoon Mangkhut belted Hong Kong with mammoth gales and rain before moving towards China’s Guangdong province. According to the Hong Kong Airport Authority, 889 flights were canceled Sunday because of the storm. The city’s Airport Express train and bus service were also suspended. Cathay Pacific Airways Ltd. said ...

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