JOHANNESBURG / Reuters South Africa’s Steinhoff has increased its stake in Darty to 20.4 percent, it announced after a frantic bidding war with French rival Fnac for Europe’s third-largest electric goods retailer. Five new offers in less than 24 hours lifted Darty shares by more than 23 percent this week to their highest since the end of 2010 and ...

  NEW YORK / Reuters The US aviation regulator has ordered an urgent fix for General Electric engines on upto 150 Boeing 787 Dreamliners, a step to avoid engine failure in icy conditions. The Federal Aviation Administration (FAA) said it was requiring modifications to prevent fan blades from rubbing against the engine casing, which can cause “damage and a possible ...

  Bloomberg Norwegian Air Shuttle ASA is seeking US backing for an expansion of its UK-based long-haul operations that would allow the discount carrier to offer services such as South Africa to New York via London. A successful outcome following an application to the US Department of Transportation could lead Norwegian Air to exercise an option to buy 10 more ...