Bloomberg Faulty Rolls-Royce Holdings Plc engine blades are deteriorating faster than expected, prompting additional groundings of Boeing Co.’s 787 jetliners for early repairs. The discovery affects about 120 Trent 1000 turbines, or about 8 percent of the global fleet, and has frustrated efforts to reduce the number of idled planes after a series of engine issues, a person familiar with ...

Bloomberg Amazon.com Inc. will open a new store in New York City featuring top-selling and highly rated products, the online retailer’s latest effort at physical stores, where most consumer spending still occurs. Dubbed “Amazon 4-Star,” the new location will feature devices, kitchen items, toys, books, and games. All products are items sold on Amazon that customers have rated four stars ...

Bloomberg Millennials feel better about their future earnings than older consumers and spend more on luxury goods. That’s according to a survey of more than 3,000 consumers across China, Europe and the US by UBS Group AG. Eighteen to 35 year olds have contributed 85 percent to growth in the luxury market last year and will represent 45 percent of ...