Bloomberg It took a mere decade for airborne web surfing to shift from novelty offering to essential airline service. Yet for Gogo Inc., the largest provider in the field, selling an amenity that almost everyone wants has oddly become a business that stinks. The company operates two units, one focussed on business aviation and the other on commercial airlines. The ...

Bloomberg In the high-stakes drama of soured loans and failed investment banking ambitions that is European finance, Sergio Ermotti has a problem others would love to have: His UBS Group AG is starting to look a little dull. Seven years after a sweeping revamp of the bank, whose tilt toward wealth management became a blueprint for rivals, the chief executive ...

Bloomberg Banks are going even more mobile. US Bancorp this week was the latest to say it will build a nationally available checking-account product as lenders introduce mobile offerings that let consumers do their full banking without a branch. The move follows similar announcements by some of the country’s largest banks including JPMorgan Chase & Co., Citigroup Inc. and PNC ...

Bloomberg The Nordic region’s biggest bank reported profit in the second quarter that exceeded market estimates, and committed to a forecast that it will make more money in 2018 than it did last year. Nordea Bank AB saw net income grow to 1.09 billion euros, just beating the 1.05 billion-euro estimate in a Bloomberg survey of analysts, according to a ...

Bloomberg Citigroup Inc. is expanding its Japan prime brokerage business serving global hedge funds by hiring four people from rivals including Deutsche Bank AG. Two of the recruits will take up newly created positions, division head Toshikatsu Furumi said in an interview. They are Thomas Morrison, who will join from Deutsche Bank in September as head of financial resource management, ...

Bloomberg Argentine Central Bank President Luis Caputo ditched a traditional press conference about monetary policy and instead held a question-and-answer session — with his own staff. It was the central bank’s first quarterly monetary policy report under Caputo, who took over the helm of the institution on June 14. His predecessor, Federico Sturzenegger, used to hold a press conference with ...

Bloomberg The currency war has arrived. So say some of the best and brightest in the $5.1 trillion-per-day foreign-exchange market. US President Donald Trump took to Twitter to accuse China and the European Union of “manipulating their currencies and interest rates lower.” The comments came after the yuan plunged past 6.80 per dollar for the first time in a year ...

Bloomberg Boeing Co. edged out Airbus SE to claim a sales victory at the Farnborough air show as its European rival failed to land an anticipated 100-jet order amid a flurry of late deals at the year’s biggest aviation expo. The US company ended the showafter booking new business worth $79 billion from orders and outline commitments involving 528 jetliners, ...

Bloomberg EasyJet Plc is making it easier for customers to hand over their money. The UK budget carrier raised its 2018 profit guidance, in part because more passengers are paying extra for allocated seating and check-in bags. That’s been encouraged by a website overhaul that’s made it less difficult to book those options. EasyJet shares advanced as much as 5.1 ...

Bloomberg JetBlue Airways Corp. is eliminating an unspecified number of jobs in the latest phase of its campaign to cut as much as $300 million from operating costs by 2020. The reductions follow a reorganisation of certain teams within the airline to streamline operations, the carrier said in a statement. JetBlue declined to say how much it will save with ...