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JD leaps to 20-month high after sales outlook quells virus fears

Bloomberg JD.com Inc surged to its highest since June 2018 after its forecast for at least 10% revenue growth this quarter suggested online retail in China was proving more resilient to the coronavirus epidemic than anticipated. Its shares rose more than 12.4% in New York, their biggest gain since August, after the company reported fourth-quarter revenue of 170.7 billion yuan ...

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Frankfurt ops resume after drone sightings

Bloomberg Frankfurt airport is operating again after several drone sightings prompted the suspension of all flights for almost two hours. German air navigation service provider DFS suspended all incoming and outgoing flights between about 11.20 am and 1 pm on March 2 after a pilot spotted a drone, Fraport AG spokesman Dieter Hulick said by phone. Airlines cancelled 77 flights ...

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Berkshire boosts Delta Air stake by $45 million

Bloomberg Warren Buffett’s Berkshire Hathaway Inc boosted its stake in Delta Air Lines Inc last week, taking advantage of bargain prices amid market declines. Berkshire acquired more than 976,000 shares for about $45.3 million, or an average price of $46.40, according to a filing. Delta stock dropped about 20% last week as markets plummeted on concern about the coronavirus. Buffett, ...

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