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Wal-Mart boosts stake in JD.com, forays into China

  Bloomberg Wal-Mart Stores Inc. is pushing more aggressively onto Alibaba Group Holding Ltd.’s turf. The Bentonville, Arkansas-based retailer boosted its stake in China’s second-largest e-commerce website JD.com Inc., strengthening an alliance to win more market share in the world’s largest online market. Wal-Mart lifted its holding to 10.8 percent from 5.9 percent, according to an amended 13-G filing on ...

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JetBlue’s raw pilot recruits move forward

  Bloomberg What do a supermarket clerk, an airline baggage handler and a heavy-equipment operator have in common? They’re among the first participants in JetBlue’s new program to turn people with little or no flight experience into pilots. The initial six recruits begin the second phase of training, after three weeks studying meteorology, aerodynamics, aircraft systems and the like. They’ll ...

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IMF warns of profit slump at Indian banks amid bad loans

  Bloomberg India’s banking system is among those most vulnerable to profit declines as loan growth slows and soured debt rises, the International Monetary Fund said. The ability of Indian companies to service debt is the lowest among 19 emerging-market nations tracked by the IMF, according to figures in its semi-annual report on financial stability. The study showed that the ...

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