Bloomberg U.S. stock market investors have put Dec. 14 firmly in their crosshairs. Amid a range of reports showing the U.S. economy can withstand an interest-rate increase, investors are punishing industries likely to suffer with tighter monetary policy and shifting cash into groups that benefit from higher borrowing costs and economic growth. The S&P 500 Index tumbled 0.7 percent to ...

  Bloomberg The United Nations accord reached to clean up pollution from international aviation may cost airlines as much as $23.9 billion annually by 2035. The companies see it as a victory. The landmark deal brokered in Montreal creates a global system requiring airlines to compensate for emissions growth after 2020 by funding environmental initiatives. That spares carriers from exactly ...

  Bloomberg Improvements in Old Navy’s product selection brought a sales surge to Gap Inc.’s biggest chain last month — and the stock’s biggest rally in almost eight years. The brand’s same-store sales gained 4 percent in September, Gap said. Analysts had projected growth of less than 1 percent, according to Retail Metrics. The results helped offset an overall sales ...