Bloomberg Bang &Olufsen (B&O) named Henrik Clausen as its new chief executive officer, less than two weeks after the Danish luxury hi-fi system maker walked away from takeover talks with a billionaire Chinese suitor. Clausen will take over from Tue Mantoni on July 1, the company said in a statement on Tuesday. Clausen comes from the Nordic region’s largest ...

  Bloomberg Saudi Arabia’s new state-owned discount carrier plans to build a fleet of as many as 50 aircraft by 2020 and will choose within weeks between narrow-body models made by Airbus Group SE and Boeing Co. Flyadeal will select either Airbus A320s or Boeing 737s that it will lease or obtain through a transfer of orders from parent company ...

  Bloomberg Whitbread Plc, the owner of Premier Inn hotels, reported a 12 percent increase in full-year earnings, exceeding analysts’ estimates, fueled by its Costa Coffee chain. Full-year underlying pretax profit rose to 546 million pounds ($792 million), Whitbread said in a statement on Tuesday. The median analyst estimate was for 539 million pounds. “Premier Inn and Costa benefit from ...