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Private-plane purchases drop as commodities market shakes

Bloomberg Spending on business aircraft fell 3.1 percent last year as a commodities downturn crimped demand for long-range jets in emerging markets. Companies and wealthy individuals spent $18.7 billion on private jets, according to the General Aviation Manufacturers Association. The report is adjusted because Bombardier Inc. hasn’t reported fourth-quarter results yet. Sales of large-cabin planes, such as Bombardier’s Global 5000, ...

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Whole Foods forecasts key sales could slip for year

AUSTIN/ AP Whole Foods says its sales at established locations slipped in its fiscal first quarter and forecast the figure to be flat to down 2 percent for the year, as it works to keep prices down and fend off rivals. The Austin, Texas company noted that its comparable store sales have been “particularly difficult to predict” given the competitive ...

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Tesla’s 4Q net loss doubles but shares up

DETROIT / AP Tesla Motors posted its 11th straight quarterly loss, and its results badly missed Wall Street’s forecasts. But the electric car maker’s shares soared anyway on news that its lower-priced Model 3 sedan is on schedule to be released next year. Tesla said it will unveil the much-anticipated $35,000 car on March 31 and expects to start production ...

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