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Levi cuts 2022 profit forecast on softening demand, strong dollar

  Bloomberg Levi Strauss & Co reported quarterly revenue that fell short of expectations, and the denim maker also reduced its outlook for the full year, citing economic uncertainty along with supply-chain disruptions and a stronger US dollar. Revenue in the fiscal third quarter ended August 28 was $1.52 billion, below the $1.6 billion average estimate of analysts surveyed by ...

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F-35 deliveries to resume after Chinese alloy prompted halt

  Bloomberg Deliveries of Lockheed Martin Corp.’s F-35 will resume after the Pentagon’s acquisitions chief issued a “national security” waiver from a ban on a Chinese alloy used in a component on the fighter jet. The component — a magnet in a device supplied by Honeywell International Inc. — has been used in the plane since 2003. After the Chinese ...

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United plans to resume Hong Kong flights from January

  Bloomberg United Airlines Holdings Inc. is planning to restart Hong Kong flights as soon as January, according to people familiar to the matter, becoming one of a handful of major airlines to resume passenger flights to the city, which has largely been cut off to the outside world since the start of the pandemic. The Chicago-based carrier is evaluating ...

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