Bloomberg Deutsche Bank AG’s credit rating was cut by Fitch Ratings, which cited the firm’s lack of progress in improving operations. The bank’s long-term issuer default rating was downgraded to BBB from BBB+, Fitch said in a statement. “The downgrade of Deutsche Bank reflects its continued difficulty and limited progress in improving its profitability and stabilising its business model,” Fitch ...

Bloomberg House lawmakers demanded records from Boeing Co, one of its suppliers and US aviation regulators on why a cockpit alert that might have helped pilots in two fatal 737 Max crashes was installed with a defect that the planemaker didn’t plan to fix it until 2020. Representative Peter DeFazio, the Oregon Democrat who heads the House Transportation and Infrastructure ...

Bloomberg Fosun International Ltd’s tourism unit is in talks to buy Thomas Cook Group Plc’s tour-operating business, Sky News reported. Hong Kong-listed Fosun is already Thomas Cook’s biggest shareholder and is working with JPMorgan Chase & Co on the potential offer. Discussions are at an early stage and it isn’t certain a bid will emerge, Sky said, citing people it ...