Bloomberg Boeing Co has spent decades spreading big money around Washington. Now the aerospace giant will need to lean on its network of lawmakers and lobbyists as it grapples with one of the worst crises in its history. The company has almost tripled its spending on US politicians and political committees in the past decade. It’s also shelled out $15 ...

Bloomberg Sycamore Partners is looking to take most of its cash out of Staples Inc through a recapitalisation that will saddle the company with roughly $1 billion of additional debt, according to people with knowledge of the plan. If successful, the debt sale will allow the private equity firm to recoup roughly two-thirds of the $1.6 billion it put up ...

Bloomberg India is mulling options to save jobs at Jet Airways India Ltd including asking low-cost carrier SpiceJet Ltd to consider taking over some of the debt-laden company’s aircraft, people with knowledge of the matter said. The proposal involves SpiceJet, led by Chairman Ajay Singh, acquiring as many as 40 of Jet Airways’ grounded planes that are owned by lessors, ...

Bloomberg Portuguese airline TAP, partially privatised by the government in 2015, said it’s preparing for an initial public offering. The carrier, part-owned by airline tycoon David Neeleman, is readying itself for a sale but can’t be sure when that might be, Chief Executive Officer Antonoaldo Neves said at a press conference in Lisbon. “We’re preparing the company so that when ...

Bloomberg Avon Products Inc spiked after rival Natura & Co confirmed that it has engaged in talks with Avon about a “potential transaction,” without giving further details. The confirmation, made in a regulatory filing, comes hours after the Wall Street Journal reported Avon and Natura were in early discussions about a potential sale that could put the cosmetics maker and ...

Bloomberg Oil fell the most in three weeks as disappointing economic data sowed new fears of slowing global growth. West Texas Intermediate futures in New York dropped 1.6 percent, paring the week’s gain to less than 1 percent. Weaker than expected manufacturing data from Germany and France cast fresh doubts on Europe’s economic outlook, dragging equities down. The US treasury ...

Bloomberg Sales of previously owned US homes rebounded in February to fastest pace in almost a year, topping estimates and snapping a three-month streak of declines to offer a robust indication that the housing market is stabilising after last year’s slump. Contract closings increased 11.8 percent, the most since 2015, from January’s pace to a 5.51 million annual rate, the ...

Bloomberg Ford Motor Co plans to spend about $900 million and hire about 900 workers to build electric and self-driving vehicles in Michigan, while moving production of a small commercial van to Mexico from Europe. The moves, announced the same day Donald Trump visits an Ohio tank plant, follow the president’s sharp criticism of General Motors Co for idling a ...

Bloomberg Facebook Inc’s Oculus division unveiled a new version of the Rift virtual-reality headset, the Rift S, adding a higher-resolution display and a new design. The new model, which goes on sale for $399 sometime in the spring, plays the same games as the original Rift, but adds embedded sensors instead of external cameras for tracking. The previous model, which ...

Bloomberg Sony Corp and Nintendo Co shares slid after Alphabet Inc’s Google outlined a major push into video games with a streaming service called Stadia. Nintendo dropped as much as 4.6 percent and Sony declined 4.5 percent, the biggest intraday drop in six weeks. Stadia lets developers put games on a streaming platform that will allow players to access the ...