Bloomberg Airstream—the maker of bullet-shaped, aluminum-clad trailers—finally has some contemporary technology to go with its Jetsons aesthetic. The brand from RV giant Thor Industries is introducing a new app for controlling its campers, from AC to lights. “It’s effectively a blend of a smart home and a connected vehicle,” said McKay Featherstone, Airstream’s vice president of product development. “We’re trying ...

Bloomberg Federal Reserve policy makers look to be leaning towards shortening the average maturity of their holdings of Treasury securities once they complete normalization of the balance sheet later this year. Fed Vice Chairman for Supervision Randal Quarles and Cleveland Federal Reserve Bank President Loretta Mester both said this week they would favor such a move, while also noting that ...

Bloomberg Officials at one of France’s biggest lenders have moved to quell internal concerns about a stock disposal by its chief risk officer just one month before the bank disclosed a large trading loss, people familiar with the matter said. Senior officials at Natixis SA addressed employees’ questions about the trade at a series of meetings this month, according to ...

Bloomberg European Central Bank President Mario Draghi launched into a defense of the European Union project as a way for countries to protect their sovereignty in an increasingly uncertain global environment. Speaking at a time when the EU is grappling with Brexit and rising populism, Draghi said the trading bloc’s institutional framework has allo- wed its members to be free ...

Bloomberg Societe Generale SA is drawing up plans to cut jobs at its investment bank and find a partner for its cash-equity business in a bid to offset increasing cost pressure from regulation, people familiar with the matter said. The bank could cut hundreds or even thousands of jobs at its global banking and investor solutions unit, including roles in ...

Bloomberg After five consecutive days of increases in the monetary policy rate, leaving it close to 50 percent annually, analysts expect Argentina’s central bank will maintain this level until next month to reduce the peso’s volatility and avoid further inflationary pressure. The abrupt capital outflow that took place this week made Argentina’s peso the worst emerging markets performer year to ...

Bloomberg Debenhams Plc’s lenders are prepared to grant the struggling department store chain more credit in an effort to ward off a potential low-ball buyout from billionaire shareholder Mike Ashley. After extending a 40 million-pound ($52 million) loan facility to Debenhams last week, the group of about 10 firms including hedge funds Alcentra, Angelo Gordon & Co. and Silver Point ...

Bloomberg Cathay Pacific Airways Ltd. forecast an end to a record two-year run of losses after job cuts and better service offerings in an overhaul kicked off by Asia’s biggest international carrier start to yield results. The Hong Kong-based airline expects to announce next month a profit for 2018, helped in part by a strong cargo business and growth from ...

Bloomberg Buyout firm Warburg Pincus is considering a sale of Consolidated Precision Products Corp. that could value the aerospace parts manufacturer at more than $2 billion, according to people with knowledge of the matter. Cleveland-based CPP is working with an adviser to examine strategic options including the possibility of a sale in the second half of the year, said the ...

Bloomberg Southwest Airlines Co. slid after warning that the US government shutdown hit sales harder than previously estimated. The political stalemate that ended last month will reduce first-quarter revenue by $60 million as the aftereffects lingered on, Southwest said in a regulatory filing. When the discounter reported earnings late last month, it estimated the impact would be $10 million to ...