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Singapore Air profit surges to 7-year high on web shoppers

Bloomberg Singapore Airlines Ltd., the carrier that is spending $850 million to refit its A380 jets and attract premium passengers, got a boost to its third quarter earnings. That didn’t come from passengers, but from cargo. Southeast Asia’s biggest carrier reported its best quarterly profit in seven years for the quarter through December as a jump in cargo demand from ...

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H&M writes off hopes of 2018 recovery as markdowns mount

Bloomberg Hennes & Mauritz AB executives, addressing a gathering of investors for the first time since reporting an earnings slump, failed to convince shareholders that the apparel retailer’s turnaround plan is on track. The Swedish company said it expected sales in comparable brick-and-mortar stores to recover in 2019 but said they’d continue to slide this year. The shares fell as ...

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Drone’s close encounter with jet spurs call to tighten regulations

Bloomberg A video from a drone that flew within feet of an airliner over Las Vegas and prompted outrage on the internet has spurred three influential US aviation lobbies to call for tighter regulations on hobby drones. Legislation exempting certain hobbyist drone pilots from oversight by the Federal Aviation Administration has hampered the aviation agency’s ability to oversee safety of ...

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