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Frankfurt airport reopens after evacuation

Bloomberg Frankfurt Airport reopened after a partial evacuation caused by a French family being mistakenly waved through security despite a positive test for explosives, according to police. The four-person family was questioned and allowed to continue travel after the mistake by a security assistant, the Frankfurt airport police said on Twitter. Police had cleared some areas in the airport’s Terminal ...

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Cathay Pacific slumps to surprise loss as crude hobbles recovery

Bloomberg More passengers, higher ticket prices and a cargo rebound couldn’t save Cathay Pacific Airways Ltd. from slumping into yet another loss. For Chief Executive Officer Rupert Hogg, that means his restructuring efforts need to strengthen further to turn the tide. After back-to-back annual losses, the carrier is midway through a transformation program under Hogg, who has been cutting jobs ...

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Newark gets ready to pitch Amazon a $1bn tax package for HQ2

Bloomberg As the battle to land Amazon.com Inc.’s second headquarters comes down to the wire, one of the less glamorous contenders is poised to add as much as $1 billion in tax breaks to its pitch. Newark, New Jersey, is expected to approve the big bag of cash, part of a $7 billion package the state is dangling in front ...

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