Bloomberg Reports of the death of the sovereign-bank “ doom loop” are greatly exaggerated. Italian government bonds have blown up, with the yield on two-year notes skyrocketing by as much as 192 basis points on Tuesday to the highest level since 2012. Spreads on subordinated de-bts from euro-area financial companies, meanwhile, have jumped in sympathy as Rome’s political turmoil reverberates ...

Bloomberg Bombardier Inc. will build two new private planes in response to growing demand for large-cabin business jets. The Global 5500 and Global 6500 aircraft will come equipped with redesigned cabins, an optimised wing and all-new Rolls-Royce engines, Bombardier said in a statement. The models, which will have ranges of 5,700 and 6,600 nautical miles, respectively, will likely enter service ...

Bloomberg JAB Holding Co. agreed to buy sandwich chain Pret A Manger, adding a UK business to its portfolio of coffee and food brands that includes Panera Bread Co. and Au Bon Pain. JAB and the seller, private equity firm Bridgepoint Advisers Ltd., didn’t disclose the terms of the deal in a statement. The price is about $2 billion, including ...