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Nike shows sales strength; profit falls short of estimates

BLOOMBERG Nike Inc fell the most in the Dow Jones Industrial Average after the athletic-gear maker’s outlook for the full year failed to win over Wall Street. Full-year revenue for fiscal 2024 should grow in the mid-single digits, led by its direct-to-consumer business, Chief Financial Officer Matthew Friend told analysts during a conference call. Analysts project growth of close to ...

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United may slash Newark flights as it seeks more gates to stem delays

BLOOMBERG United Airlines Holdings Inc will have to change, and possibly reduce, its flight schedule at Newark Liberty International Airport while work is under way to expand the number of gates for the carrier, Chief Executive Officer Scott Kirby said in a letter to employees. The letter follows days of extensive flight disruptions as airlines across the US dealt with ...

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Singapore Airlines drops most in one year

BLOOMBERG Singapore Airlines Ltd slumped the most in more than a year after a block of shares amounting to nearly 3% of the float traded on June 30. Singapore state-owned investment firm Temasek Holdings Pte had earlier offered to sell the same number of shares, according to terms of the deal seen by Bloomberg. The carrier closed down 4.7% at ...

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