Tokyo / Bloomberg Siemens AG is setting up a unit to invest 1 billion euros ($1.1 billion) over five years on “disruptive ideas,” the latest bid by Europe’s largest engineering company to move into digitalization and shed a reputation for being slow and cautious. Named next47, the unit will initially be overseen by Chief Technology Officer Siegfried Russwurm and ...

  Manila / Bloomberg Philippine Airlines Inc. hired Morgan Stanley to help look for an investor as it seeks to become a five-star carrier, President Jaime Bautista said. The airline, wholly owned by billionaire Lucio Tan, plans to find a “specific equity investor” as early as next year, Bautista told reporters in Manila. “There are on-going talks with possible investors,” ...

  Washington / Bloomberg Top pay rates for United Airlines flight attendants would rise as much as 31 percent, a union spokeswoman said, under a proposal to bring the 25,000 members under a single labour contract for the first time. The maximum pay for veterans with at least 13 years of experience would be set at $62 an hour, the ...