BLOOMBERG General Electric (GE) Co jumped the most in more than two years after forecasting continued expansion of profit margins at its aviation division as an independent business. The GE Aerospace business, which now primarily makes and services jet engines, should also see revenue growth at a mid- to high-single-digit rate and generate free cash flow “in line with net ...

BLOOMBERG Gap Inc shares tumbled after the retailer reported quarterly sales that missed Wall Street’s estimates, an indication that it struggled to attract shoppers during the holiday season despite deep discounts. Comparable sales, a key gauge for retailers, fell 5% in the fourth quarter ended on January 28, compared with analysts’ average estimate of a 2.7% decline. Gap expects the ...

BLOOMBERG Travellers are set to come out in fuller force across the Asia-Pacific region this year, though still-high inflation and structural hurdles likely will leave the critical industry still far from pre-Covid levels. Tourist arrivals across the region should reach about half of their 2019 levels, with a full recovery to pre-pandemic norms pushed back to 2025 or 2026, according ...