Bloomberg Bank of Baroda, India’s third-largest state-run lender, is seeking to sell unit Nainital Bank Ltd. as it sheds non-core assets to bolster its balance sheet, people familiar with the matter said. A decision on the size of the stake to be sold will depend on approvals from the Indian central bank, the people said, asking not to be identified ...

Bloomberg Morgan Stanley countered Bill Gross’s call that Treasuries are in a bear market. “Don’t worry, Treasuries continue to offer value,” Morgan Stanley strategists Matthew Hornbach and Guneet Dhingra in New York wrote in a note. “This isn’t the bear market you’re looking for,” according to the firm, one of the 23 primary dealers that underwrite US debt securities. A ...

Bloomberg JetBlue Airways Corp. has delayed a decision on updating its fleet of regional jets as it watches a brewing rivalry between Boeing Co. and Airbus SE to gain sway in the market for smaller planes. The carrier had hoped to decide by the end of 2017 whether to keep its 60 Embraer SA E190s. But an Airbus agreement to ...