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HNA Group eyes stake in CWT logistics

  shanghai / bloomberg HNA Group Co., the Chinese conglomerate that controls the country’s fourth-largest airline, is in exclusive talks with the biggest shareholder of CWT Ltd. for a potential acquisition of shares in the Singapore-based logistics company. There is no certainty that the negotiations will result in an agreement, CWT said on Monday. The company’s shares rose after the ...

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Delta cuts growth to boost unit revenue

  Washington / Bloomberg Delta Air Lines Inc., the second-largest U.S. carrier, is trimming planned growth in the second half of this year to help counter rising fuel prices and weak foreign economies. It’s also delaying deliveries of four wide-body aircraft. The carrier will hold expansion to less than 2 percent while reducing domestic capacity increases to 2.5 percent in ...

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Acer enters virtual realm where PC makers fear to tread

  Taipei / Bloomberg Acer’s announcement that it will work with the Swedish games maker Starbreeze to produce a virtual-reality headset could be the ailing PC maker’s most brilliant move in years. Or it could be a colossal failure. According to their joint release, the companies plan to form a joint venture to design, make and sell the StarVR headset. ...

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