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Southwest workers narrowly approve deal for higher pay

Bloomberg Southwest Airlines Co. workers who handle baggage, stock planes with food and operate airport jetways barely approved a contract that will raise pay more than 20 percent over its five-year term. Members voted 50.4 percent to 49.6 percent in favor of the agreement, Transport Workers Union (TWU) Local 555 said. The contract also provides $80 million in bonus pay ...

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Boeing gets $440 million order from Papua New Guinea carrier

Singapore / AFP US aircraft maker Boeing said it had won a $440 million deal with Papua New Guinea’s flag carrier Air Niugini for four 737 MAX 8 planes. Announcing the deal along with Boeing at the final trade day of the Singapore Airshow, Air Niugini chairman Sir Frederick Reiher said the carrier needed the planes “urgently”. The airline currently ...

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North Face owner to add brands as valuations fall

Bloomberg VF Corp., owner of the North Face, Lee and Wrangler clothing brands, sees change coming to its stable of brands as valuations begin to decline. Sluggish consumer demand has taken a toll on retail and apparel companies, leading VF to reevaluate what’s not working and what’s missing in its business, Chief Executive Officer Eric Wiseman said in an interview. ...

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