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Nike skids on downbeat guidance by China stance

Bloomberg Nike Inc shares fell as the world’s largest sportswear company offered a downbeat full-year forecast for gross margin and said it was being cautious in its outlook for the vital China market. The retailer said it expects gross margin to be flat to down 50 basis points, after it reported results that surpassed analysts’ estimates and overcame supply-chain pressures ...

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Airbus close to winning $5.5b order from India’s Jet Airways

  Bloomberg Airbus SE has emerged as the front-runner to win an order for as many as 50 aircraft worth up to $5.5 billion from Jet Airways India Ltd, people familiar with the matter said, solidifying the European planemaker’s hold in the world’s fastest-growing aviation market. The talks are for A320neo jets and A220 planes, the people said, asking not ...

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JetBlue again boosts Spirit takeover bid countering Frontier

  Bloomberg JetBlue Airways Corp continued its fight to acquire Spirit Airlines, raising its all-cash bid yet again in response to an increased offer by rival suitor Frontier Group Holdings Inc in the days before a crucial shareholder vote. The new proposal includes an accelerated prepayment of $2.50 a share, structured as a cash dividend to Spirit shareholders after approval ...

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