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JetBlue’s raw pilot recruits move forward

  Bloomberg What do a supermarket clerk, an airline baggage handler and a heavy-equipment operator have in common? They’re among the first participants in JetBlue’s new program to turn people with little or no flight experience into pilots. The initial six recruits begin the second phase of training, after three weeks studying meteorology, aerodynamics, aircraft systems and the like. They’ll ...

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IMF warns of profit slump at Indian banks amid bad loans

  Bloomberg India’s banking system is among those most vulnerable to profit declines as loan growth slows and soured debt rises, the International Monetary Fund said. The ability of Indian companies to service debt is the lowest among 19 emerging-market nations tracked by the IMF, according to figures in its semi-annual report on financial stability. The study showed that the ...

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Brazilian bank strike reaches 1 month

  AP Union leaders expressed confidence an agreement with Brazilian banks could be reached in the next few days to end a nationwide strike that has closed more than half the bank branches in Latin America’s biggest country. Roberto von der Osten, president of the National Confederation of Bank Workers, said the strike demanding a nearly 15 percent pay raise ...

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