Bloomberg The long goodbye for Boeing Co.’s iconic 747 jetliner is turning out to be a little premature. The planemaker won a $5.65 billion lifeline for the endangered jumbo as United Parcel Service Inc. exercised options for 14 more of the freighters. The deal came weeks after Delta Air Lines Inc. parked the last of its 747 aircraft, marking the …

Bloomberg Boeing Co. is wooing Embraer SA with a plan to form a commercial-jet venture instead of an outright acquisition, people familiar with the talks said. The two planemakers have made good progress on the framework for a deal, but hurdles remain and the final terms are still being hammered out, said one of the people, who asked not to …

Bloomberg India plans to increase its airport capacity more than fivefold to help handle a billion trips as carriers in the surging market await delivery of over 900 aircraft. Airline stocks surged. The proposal is part of an infrastructure boost announced by Finance Minister Arun Jaitley in the federal budget for the year starting on April 1. The government will …

Bloomberg Back in the last century, Ralph Lauren built a business empire by sketching out a national fashion identity with each design. In recent years, though, the influence of his preppy styles has waned. Sales have fallen steadily as shoppers moved on to casual wear, fast-fashion or even upstart preppy brands. Now, the 78-year-old designer is trying to make a …

DUBAI / Emirates Business Off-plan real estate transactions in Dubai increased 60% in 2017, compared to 2016, according to the latest Observer: Dubai Q4 2017 report from leading international property company Chestertons MENA. The figures follow a steep increase in the volume and value of off-plan transactions in the second half of the year, with Dubailand, Business Bay and Al …

Bloomberg The global stock declines that have shaped the week showed signs of easing in the US, with all three major equity indices trading higher. The dollar slump deepened in the wake of President Donald Trump’s State of the Union address. The S&P 500 Index gained for the first time in three days as companies including Xerox Corp., Anthem Inc., …

Reuters Cement shares lifted Saudi Arabia’s stock index on Wednesday while other big bourses in the region were weak, with real estate shares pulling down Dubai. The Saudi index rose 0.3 percent as 13 of the 14 cement stocks climbed in unusually heavy trade. Jouf Cement was up 5.4 percent and Tabuk Cement jumped its 10 percent daily limit. The …

Bloomberg Britain’s five-decade dominance of wing construction for Airbus SE jets is under threat from rival countries playing up the uncertainties surrounding Brexit to pitch for a share of the high-value, manufacturing work. Airbus has been approached by at least seven governments looking to poach future wing production after the company raised concerns about Britain quitting the European Union, stirring …

Bloomberg Hennes & Mauritz AB reported its biggest drop in profit in six years, adding pressure on Chief Executive Officer Karl-Johan Persson, who is trying to right the ailing Swedish clothing chain after recent slipups. Operating profit fell 14 percent to 20.6 billion kronor ($2.6 billion) in the 12 months through November, H&M said in a statement. Analysts expected 20.4 …

Bloomberg Swatch Group AG reported an increase in profit for the first time in four years as Switzerland’s largest watchmaker boosted its share in the intensely competitive low-end timepiece market thanks to growth at Tissot and its namesake plastic brand. Swatch said it has had a “massive gain” in market share in the basic and midrange segments. The company sells …