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Interjet in talks to avoid potential tax fraud charges

Bloomberg The founders of troubled Mexican airline Interjet are negotiating a settlement with tax authorities in an effort to avoid potential criminal fraud charges that could be filed as soon as next month, said an official familiar with the matter. Miguel Aleman Magnani, Interjet’s chief executive officer, and his father, Chairman Miguel Aleman Velasco, could face fraud charges, as could ...

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Foot Locker rises on sales

Bloomberg Foot Locker Inc rose in early trading after surprisingly robust same-store sales powered earnings past analysts’ estimates. The athletic-footwear retailer said that comparable sales rose 7.7% in the period, better than the 0.9% analysts expected according to Consensus Metrix. Adjusted earnings of $1.21 a share topped the estimate of 66 cents compiled by Bloomberg. Foot Locker continued the resilience ...

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Trump faces pressure from allies to concede to Biden

Bloomberg President Donald Trump is facing rising pressure from prominent Republicans to begin a transition to President-elect Joe Biden — or even concede defeat — as Trump’s long-shot legal challenges failed to gain traction. Several key allies for Trump appeared to lose their patience over the weekend. Senators Lisa Murkowski of Alaska and Kevin Cramer of North Dakota — one ...

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