Bloomberg Norwegian Air Shuttle ASA surged as much as 12 percent after Deutsche Lufthansa AG Chief Executive Officer Carsten Spohr said his company was in takeover discussions with the Scandinavian discount specialist, raising the possibility of a bidding war. Lufthansa has been in contact with Norwegian and whether an agreement is reached will depend on the price on offer and ...

Bloomberg Google is investing $550 million in cash in China’s JD.com Inc. as the US search giant pushes deeper into online commerce. Alphabet Inc.’s Google will buy newly issued Class A shares at $20.29 per share, equivalent to $40.58 per ADS, the companies said in a joint statement. The pair plan to explore joint development of retail solutions in regions, ...

Bloomberg David Neeleman, who started JetBlue Airways Corp. with $100 million in 2000, is raising money to launch a new low-cost carrier focussed on secondary airports in the US, according to Airline Weekly. The airline, to be called Moxy Airways, has secured orders for 60 Bombardier CS300 aircraft, the trade journal reported, citing people familiar with the matter. The first ...