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Training jetmaker AviChina soars 40%

Bloomberg China’s push to bolster its military firepower has turned a state-run aviation stock into one of Asia’s best performers this year. AviChina Industry & Technology Co., a maker of training jets, transport helicopters and airplane electronics systems, jumped 40 percent in Hong Kong since the start of February through April 9 as Beijing pledged to boost defense spending. That ...

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Walmart gets selective with web sellers

Bloomberg Walmart Inc.’s online marketplace is getting more choosy. The retailer’s website — where third-party vendors sell their own wares — is adding far fewer sellers a month compared with a year ago, according to data tracker Marketplace Pulse. The site, which Walmart created in 2009 to compete with a similar offering from Amazon.com Inc., now includes about 18,000 sellers. ...

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LVMH to maintain China-driven demand with e-comm

Bloomberg After demand from China drove another quarter of rapid growth for LVMH, Chief Executive Officer Bernard Arnault is counting on e-commerce to help keep his luxury empire ahead of the pack. First-quarter sales rose 13 percent on an organic basis, the Paris-based owner of Sephora and Christian Dior said. That beat analysts’ average estimate of 8.5 percent and spurred ...

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