Bloomberg US airline investors may see the three legacy carriers perform differently in the near future, Morgan Stanley analyst Rajeev Lalwani wrote in a note. United Continental Holdings Inc is likely to see upside to earnings, while American Airlines Group Inc may observe a cost reset from labour, Lalwani said. Shares of Delta Air Lines’s has finally started getting some …

Bloomberg Niki Lauda, the Austrian race-car driver who survived a near-fatal crash to win three Formula 1 world championships and went on to found his own airline, has died, German news agency Deutsche Presse-Agentur (DPA) reported. He was 70. Lauda died in his sleep surrounded by family, a family spokeswoman told DPA in a statement. He received a lung transplant …

Bloomberg Nordstrom Inc has set a date for the opening of its Manhattan flagship location as construction continues on the department-store chain’s biggest-ever bet. The retailer plans to throw open the doors of its seven-story, 320,000-square-foot store on West 57th Street on October 24, a spokeswoman for Nordstrom confirmed. With Nordstrom and rival Neiman Marcus both coming to town in …

Bloomberg Oil rose after Saudi Arabia and other Opec+ members signalled their intention to keep supplies constrained, while US President Donald Trump ratcheted up tensions with Iran. Futures in New York jumped as much as 1.7%, before paring some of those gains. Saudi Energy Minister Khalid Al-Falih urged members of Opec+ gathered in Jeddah to “stay the course” on output …

Bloomberg In the Netherlands, once Europe’s largest natural gas supplier, one of the big questions is how to deal with declining production and incre- asing reliance on imports. For hundreds of energy traders, utility executives and analysts gathering in Amsterdam for the Flame Conference, the Netherlands epit- omises the European energy security situation. Whether through pipelines from Russia or northern …

Bloomberg Tesla Inc. is planning to cut the price of its solar panels, and the chief of rival Sunrun Inc. isn’t worried. In fact, Sunrun Chief Executive Officer Lynn Jurich said she thinks it’s great that Tesla gets so much attention. “More attention really raises the boat for everybody,” she said on a call with analysts. “Having Tesla out there …

Bloomberg Canadian National Railway Co. is open to transferring the crude-by-rail contracts that it signed with Alberta to private companies or to striking other arrangements that put its spare shipping capacity to use, Chief Executive Officer Jean-Jacques Ruest said. The company shipped about 125,000 to 150,000 barrels a day last month, but could “easily” ramp that up to 200,000 if …

Bloomberg US new-home construction rose for a second month and topped estimates in April in a sign of positive momentum for the housing sector at the start of the second quarter. Residential starts increased 5.7% to a 1.24 million annualised rate after a 1.7% gain in March that was previously reported as a drop, according to government figures. Permits, a …

Bloomberg US equity futures dropped alongside stocks in Europe as the fallout of White House moves against Chinese telco giant Huawei rippled through the technology industry. Bonds pared an earlier loss while crude oil advanced. Contracts on the Nasdaq 100 led US declines and pointed to a weak opening in New York, while software and chip maker shares helped pull …

Bloomberg China’s stocks traded near their lowest since February, with the damage caused by escalating tensions with the US rout now topping $1.1 trillion. The Shanghai Composite Index fell 0.4% at the close, after earlier losing as much as 1.5%. The gauge is now among the world’s worst-performing national benchmarks this quarter, after beating every other market earlier in the …