Bloomberg Alibaba Group Holding Ltd. added $7.5 billion to its market value after reporting quarterly results that beat estimates and raising its full-year sales forecast. China’s biggest e-commerce company increased its projection for fiscal 2017 revenue growth to 53 percent, from 48 percent previously, as Chinese spending stays strong and the company wrings revenue from fledgling areas such as ...

  Bloomberg Boeing Co. profit rose as the 787 Dreamliner emerged from a decade of losses and helped the planemaker weather a turbulent market for wide-body jetliners. Adjusted earnings were $2.47 a share, despite an accounting loss for an aerial tanker program, the company said on Wednesday in a statement. That exceeded the $2.32 average of analyst estimates compiled by ...

  Bloomberg Standard & Poor’s (S&P) downgraded Rolls-Royce Holdings Plc’s credit rating to three levels above junk after factoring in 670 million pounds ($836 million) in fines for bribery and corruption charges. The aircraft engine-maker’s long-term investment rating has been downgraded to BBB+ from A-, S&P said in a statement, cautioning that a new mandatory accounting system could weigh on ...