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Air China flight diverted after midair ruckus

BEIJING / Reuters An Air China flight bound for Beijing made an unscheduled landing in the central Chinese city of Zhengzhou on Sunday after a passenger threatened a flight attendant with a fountain pen, the country’s civil aviation authority said. In a brief statement on its website, the Civil Aviation Administration of China said a male passenger on Air China ...

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Toys ‘R’ Us draws 11th-hour offer from Little Tikes’s Larian

Bloomberg Billionaire Isaac Larian, the toy marketer whose lineup includes Little Tikes and Bratz dolls, offered to save part of Toys ‘R’ Us from liquidation with an almost $900 million bid for stores in the US and Canada. Larian would pay $675 million and $215 million for outlets in Canada, he said. The funds will come from Larian himself and ...

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Could the Fed’s rate hikes trigger a debt bomb?

The US Federal Reserve minutes show that central bank officials are increasingly committed to raising rates and shrinking the bank’s balance sheet. While economic signs remain mixed, continued growth, rising inflationary expectations, tightening labor markets and the need to temper asset prices would all seem to argue in favour of higher rates. Other central banks are likely to follow. The ...

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