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China’s first large homemade jet to fly this year

  DUBAI / Reuters After years of delays, China’s first large homemade passenger jetliner will take to the air for its maiden flight in the first half of this year, state media reported on Monday. State-owned aircraft maker Commercial Aircraft Corp. of China Ltd., or Comac, based in Shanghai, has nearly completed work on the 175-passenger C919, the ruling Communist ...

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Sharp climbs after narrowing loss outlook

  Bloomberg Sharp Corp. rose the most in two weeks after the company narrowed its full-year loss outlook and posted its first quarterly profit in more than two years. The shares climbed as much as 4.5 percent to 327 yen in Tokyo on Monday, the biggest intraday jump since Jan. 23. The net loss will reach 37.2 billion yen ($330 ...

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Berkshire’s airline bet to stem from faith in Parker’s call

  Bloomberg Warren Buffett once quipped that a ‘farsighted capitalist’ should have shot down Orville Wright at Kitty Hawk to spare investors all the losses they would suffer on airlines in the decades after the birth of flight. That’s why it was a surprise when, in November, the billionaire’s Berkshire Hathaway Inc. disclosed investments in the four largest US carriers: ...

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