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How to upgrade America’s ‘third world’ airports

  It’s the one opinion that Donald Trump and his opponents seem to share: America’s airports are so bad, it’s like “they’re from a third world country,” as Trump said in the first debate. Vice President Joe Biden used the same phrase to describe New York’s LaGuardia two years ago. Much of the flying public seems to roughly agree. The ...

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There’s family, and then there’s insider trading

  The connection between the law of insider trading and the nature of the sibling relationship may not be immediately obvious — but the U.S. Supreme Court will consider it Wednesday in what may be one of the most interesting cases of a term that the justices have designed to be boring. Salman v. U.S. turns on whether one brother ...

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We agree on Obamacare’s flaws, but not on fixes

  For weeks, rumors have been flying that WikiLeaks would deliver an “October surprise” for Hillary Clinton’s campaign, a bombshell revelation that she would struggle to recover from in the short weeks remaining until the election. (So far, it’s a dud — surprise!) But Clinton should be worried about a “November surprise” — the wave of policy cancellations and rate ...

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EasyJet posts first profit drop since 2009 on terror, Brexit

  Bloomberg EasyJet Plc’s annual profit fell for the first time since 2009 as a spate of terror attacks clipped demand and the decline of the pound following Britain’s vote to quit the European Union inflated foreign-currency costs. Pretax profit for the 12 months ended Sept. 30 is expected to have been in the range of 490 million pounds to ...

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Future Group to raise US$1bn sales by 2021

  Bloomberg Future Group, which runs India’s largest chain of department stores, expects record growth in the current financial year as a favorable monsoon boosts agricultural output and rural incomes. The group, which controls four listed entities including Future Retail Ltd., is expecting to register 25 percent to 28 percent growth, Chief Executive Officer Kishore Biyani said in an interview ...

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Wal-Mart boosts stake in JD.com, forays into China

  Bloomberg Wal-Mart Stores Inc. is pushing more aggressively onto Alibaba Group Holding Ltd.’s turf. The Bentonville, Arkansas-based retailer boosted its stake in China’s second-largest e-commerce website JD.com Inc., strengthening an alliance to win more market share in the world’s largest online market. Wal-Mart lifted its holding to 10.8 percent from 5.9 percent, according to an amended 13-G filing on ...

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JetBlue’s raw pilot recruits move forward

  Bloomberg What do a supermarket clerk, an airline baggage handler and a heavy-equipment operator have in common? They’re among the first participants in JetBlue’s new program to turn people with little or no flight experience into pilots. The initial six recruits begin the second phase of training, after three weeks studying meteorology, aerodynamics, aircraft systems and the like. They’ll ...

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IMF warns of profit slump at Indian banks amid bad loans

  Bloomberg India’s banking system is among those most vulnerable to profit declines as loan growth slows and soured debt rises, the International Monetary Fund said. The ability of Indian companies to service debt is the lowest among 19 emerging-market nations tracked by the IMF, according to figures in its semi-annual report on financial stability. The study showed that the ...

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Brazilian bank strike reaches 1 month

  AP Union leaders expressed confidence an agreement with Brazilian banks could be reached in the next few days to end a nationwide strike that has closed more than half the bank branches in Latin America’s biggest country. Roberto von der Osten, president of the National Confederation of Bank Workers, said the strike demanding a nearly 15 percent pay raise ...

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Pakistan to issue $1bn sukuk bond

  Reuters Pakistan will issue a $1 billion sukuk bond within hours, the finance ministry said, returning to the international U.S. dollar sukuk market after a two-year absence. The ministry said roadshows in Dubai, London, Boston and New York scored “unprecedented interest”. Pakistan’s economy grew 4.7 percent in the last fiscal year, its fastest pace since 2008, rebounding from a ...

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