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Foot Locker plunges most in 2 years as sales miss estimates

Bloomberg Foot Locker Inc fell the most in nearly two years after it reported first-quarter sales and profit that missed analysts’ estimates. The athletic-shoe retailer’s shares tumbled as much as 19 percent in New York trading, the most since August 2017. The stock is now at its lowest level in a year, erasing a series of gains over the past ...

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Boeing faces SEC investigation into its 737 Max disclosures

Bloomberg The US Securities and Exchange Commission (SEC) is investigating whether Boeing Co properly disclosed issues tied to the grounded 737 Max jetliner, according to people familiar with the matter, as regulators intensify their scrutiny of the company following two deadly crashes. Officials in the SEC’s enforcement division are examining whether Boeing was adequately forthcoming to shareholders about material problems ...

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Bali flights resume after Indonesia volcano erupts

Bloomberg Flights to and from Indonesia’s Bali island have returned to normal, allowing the resort island to continue welcoming tourists, after a volcanic eruption. Airlines resumed flights to and from the I Gusti Ngurah Rai Airport on Saturday, Polana Pramesti, director general of civil aviation, said in a text message on Sunday. Several flights were cancelled after the Mount Agung ...

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