Bloomberg JetBlue Airways Corp. plans to increase daily flights from Boston by about 40 percent, including new service to Atlanta as the carrier steps up competition with Delta Air Lines Inc. In addition to the Boston-Atlanta route starting March 30, JetBlue plans to add flights in the second half of 2017 between the Georgia city and New York’s John ...
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Steinhoff acquires S African shoe retailer as profit rises
Bloomberg Steinhoff International Holdings NV said it sees further opportunities for growth in its main markets as the acquisitive South African clothing and furniture retailer announced its latest purchase and reported a 20 percent rise in full-year profit. The company agreed to buy Tekkie Town, a South African shoe retailer with 302 stores, Steinhoff said in a report posted ...
Read More »Canada’s Aritzia to raise $234mn in Toronto IPO
Bloomberg Aritzia LP, the Canadian women’s fashion retailer, aims to raise about C$300 million ($234 million) from its initial public offering, in what would be the country’s largest IPO since the C$1.83 billion sale of electric utility Hydro One Ltd. in October. Aritzia shareholders Berkshire Partners and company founder Brian Hill plan to sell 20 million subordinate voting shares ...
Read More »Experts discuss way out for UAE’s cooling bill
Dubai / Emirates Business Sustainability and construction experts have said that a new approach to traditional architecture designs, intelligent products, climate-tailored building designs, and 3D technology are optimal solutions for tackling the UAE’s cooling bill. The carbon footprint of the Emirates will be one of the core topics discussed at the upcoming Middle East Façades Summit, taking place on ...
Read More »Dubai Property Show to return to Mumbai
Dubai / Emirates Business Geared by the successful Mumbai exhibition last year that raked in approximately AED 400 million into Dubai real estate and attracted almost 6000 visitors, Dubai Property Show is all set to return to the Indian metropolis this year in December. The realty expo is being organised by Sumansa Exhibitions in partnership with Dubai Land Department. ...
Read More »du launches new ‘happy home’ offers
Abu Dhabi / Emirates Business As part of its efforts to place customers at the heart of its business, du has launched a new ‘Happy Home offer that delivers value-added deals and promises great savings. The special offers cater to new and existing customers who subscribe to du’s new Internet, TV and Home phone plans. Benefits include two months ...
Read More »Ajman gears up to welcome Eid visitors
Ajman /Emirates Business Hotels and hotel apartments in Ajman are all set to welcome visitors to the emirate during the Eid Al Adha holiday. Majority of the establishments have reported 80% occupancy but expecting to reach full occupancy this week from last-minute bookings after the announcement that the public sector would enjoy a week-long Eid holiday and three days ...
Read More »Joyalukkas adds extra spark to Eid fiesta
Abu Dhabi / Emirates Business It’s a great time to give your loved ones something special for Eid Al-Adha from Joyalukkas. The world’s favourite jeweller is giving away FREE GOLD COINS on purchase and an exclusive old gold jewellery exchange offer in time for the festivities. “At Joyalukkas, everything we do is aimed at enhancing customers’ lifestyles. So from ...
Read More »Danaher strikes $4bn Cepheid deal
Reuters Danaher Corp said it would buy medical diagnostics company Cepheid in a deal valued at $4 billion, including debt, that will strengthen its presence in molecular diagnostics. Danaher, which develops technology for the dental, life sciences, diagnostics and environmental industries, spun off its industrial division in July to focus on science and technology. Piper Jaffray analysts said the ...
Read More »Norway’s sovereign fund bars US group over pollution
AFP Norway’s sovereign wealth fund, the world’s biggest, has placed US group Duke Energy and three subsidiaries on its blacklist for causing “unacceptable” environmental damage, Norway’s central bank said on Wednesday. The fund, which is worth around $900 billion has sold its stakes in the companies in line with a recommendation from its Ethics Council in April. The Council ...
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