Bloomberg Lululemon Athletica Inc sued Peloton Interactive Inc for patent infringement five days after the fitness bike company filed a preemptive suit against the clothing maker, as a dispute over a busted co-branding deal heats up in the booming home fitness space. Peloton “imitated several of Lululemon’s innovative designs and sold knockoffs of Lululemon’s products, claiming them as its own,” ...

Bloomberg Lackluster deals and scarce inventory kept Cyber Monday sales flat compared with a year ago, the latest indication that shoppers made purchases earlier in the season due to concerns about global shipping logjams. US shoppers spent $7.1 billion on Cyber Monday in New York, according to Adobe Inc. It’s too early to determine if Cyber Monday breaks last year’s ...

Bloomberg Singapore started contact tracing for airport staff who may have come into contact with two travelers infected with the omicron variant of Covid-19 who transited through Changi Airport on their way to Australia from South Africa, the health ministry said. Two individuals, described as being from southern Africa, flew from Johannesburg to Singapore on a Singapore Airlines flight, and ...

Bloomberg Retail investors were quick to plow cash into the biggest US exchange-traded funds and industries like airlines and travel stocks when the market was hammered. The day-trading crowd snapped up roughly $2 billion in assets like the SPDR S&P 500 ETF Trust and Invesco QQQ Trust Series 1 as the buy-the-dip crowd stepped in where Wall Street didn’t, according ...

Bloomberg Fresh concerns about the efficacy of existing vaccines against the omicron coronavirus strain pushed markets back into risk-off mode on Tuesday, with stocks in Europe dropping alongside US equity futures. Bonds gained as investors sought havens. The Stoxx Europe 600 index falls more than 1%, more than wiping out an earlier advance. Cyclical sectors including retail, travel and carmakers ...

Bloomberg South Korea’s benchmark stock index erased its gain for the year on renewed outflow of foreign funds amid worries that the new Covid-19 variant could hamper the global economic recovery. The equity benchmark falls 2.4%, with losses accelerating in the afternoon following a Financial Times that Moderna Inc’s CEO said existing vaccines may struggle against the omicron strain. The ...

Bloomberg Oil pared gains in volatile trading after rebounding from one of its biggest daily drops as traders weighed the risks to demand from the omicron variant of Covid-19 and the potential response by Opec and its allies. Futures in New York were up about 3.5% on Monday after earlier rallying as much as 7%. The World Health Organisation warned ...

Bloomberg BP Plc plans to build a green hydrogen facility in northeast England that could start producing the gas by 2025, part of a massive project to help the oil major transition towards cleaner sources of energy. The HyGreen Teesside proposal follows one made earlier this year to develop a blue hydrogen facility in the same location. That would produce ...

Bloomberg Airlines, passengers and businesses had to respond to a deluge of travel restrictions introduced to slow the spread of the omicron coronavirus variant. An initial spate of flight bans from southern Africa, where omicron was first detected, gave way to wider-ranging measures that will make travel more expensive and less convenient — if possible at all — recalling earlier ...

Bloomberg Airbus SE needs to accelerate jetliner deliveries in December if it’s to reach a goal of shipping 600 planes this year, according to people with knowledge of the situation. The European manufacturer’s 2021 delivery tally reached 500 aircraft, according to the people, who asked not to be named before official numbers are published. That leaves Airbus about 100 short ...