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Down $20bn, Boeing stuffs pension fund with its shares

Bloomberg Like so many companies in America, Boeing Co. has largely neglected the gaping deficit in its employee pension as it doled out lavish rewards to shareholders. What’s raising eyebrows is how it plans to shore up the retirement plan. Last month, Boeing made its largest pension contribution in over a decade. But rather than put up cash and lock ...

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Ryanair cancels 82 flights, seeks to clear pending ‘crew vacation’

Bloomberg Ryanair Holdings Plc scrapped 82 flights on Sunday, the start of a six-week programme of cancellations it’s making as it seeks to reduce a backlog of crew vacation required by Irish regulators before the end of the year. “We have messed up in the planning of pilot holidays and we’re working hard to fix that,” Kenny Jacobs, Ryanair’s chief ...

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Swatch CEO says sales growth to accelerate

Bloomberg Swatch Group AG Chief Executive Officer Nick Hayek forecast sales growth to accelerate through the rest of the year as wholesalers stock up on watches and local demand for timepieces improves in markets from China to Switzerland and France. A stronger euro also should boost profitability at the maker of Omega and Breguet timepieces, Hayek said. “We’ve seen the ...

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