Bloomberg Target Corp will invest $100 million to add six new package-sorting centres in a push to expand its next-day delivery capabilities. The new hubs will be operating by the end of 2026, Target said in a statement. Target already has nine sorting centres, which are located in Colorado, Georgia, Illinois, Minnesota, Pennsylvania and Texas. The company is still …

  Bloomberg EBay Inc projected revenue in the current quarter that didn’t convince investors the company’s efforts to revive sales are beginning to work. The shares declined in premarket trading. Revenue will be $2.46 billion to $2.5 billion in the period ending in March, or about the same as a year earlier. In the fourth quarter, sales fell 3.9% to …

  Bloomberg Rolls-Royce Holdings Plc surged the most in more than two years after new Chief Executive Officer Tufan Erginbilgic embarked on a strategic review, saying the UK engineering firm has underperformed financially for years. The stock jumped as much as 20%, the most since November 2020. Rolls-Royce also reported earnings that beat estimates, with adjusted operating income coming in …

  Bloomberg London’s Heathrow Airport is seeking higher passenger charges to meet rising costs and let it expand services as airlines ramp up operations in the post-pandemic era, Chief Executive Officer John Holland-Kaye said. Passengers flying through the UK’s busiest airport tripled to 62 million in 2022 as countries lifted restrictions, the company said while reporting results. Losses narrowed to …

  Bloomberg FedEx Corp pilots are inching closer to a potential strike as negotiations stall on a new labour agreement. Leaders of the FedEx Express pilots union approved a strike authorisation vote, according to a statement from the Air Line Pilots Association. A date for the vote wasn’t specified. The union said no new talks have been scheduled between the …

Bloomberg Taiwan will offer 500,000 tourists a cash or discount incentive this year as it tries to shore up its post-pandemic travel industry and boost spending. The incentives, worth NT$5,000 ($165) each, were announced as part of a NT$5.3 billion package to attract international tourists. The total value of the perks comes to NT$2.5 billion ($82.4 million). A spokesperson for …

  Bloomberg Data centre operator GDS Holdings Ltd is considering selling a minority stake in its international business for about $300 million to $400 million to a strategic partner, according to people familiar with the matter. The Shanghai-based digital infrastructure company is working with an adviser and is weighing selling about a 30% to 40% stake in the assets, the …

  Bloomberg Thailand plans to enlist the services of private companies to boost response to its long-term resident visa program targeted at highly-skilled foreign workers and wealthy pensioners. The firms will assist government agencies to draw more applications for the 10-year resident visas unveiled last year, according to Narit Therdsteerasukdi, secretary-general of Thailand’s Board of Investment. They will also promote …

  Bloomberg Singapore’s core inflation, the gauge closely-watched by the central bank, rose to a 14-year high, even after the central bank has tightened policy five times since October 2021. The measure, which excludes private transport and accommodation, rose 5.5% in January from a year earlier, the fastest pace since November 2008 according to a statement. That compares with a …

  Bloomberg Grab Holdings Ltd brought forward its profitability target after posting a narrower quarterly loss, helped by reduced spending by the Southeast Asian ride-hailing and food-delivery provider. The stock jumped 8% in pre-market trading after Grab said it expects to reach positive adjusted earnings before interest, taxes, depreciation and amortisation in the final quarter of 2023. It previously expected …