Bloomberg On the same day that President Donald Trump’s top economic adviser, Gary Cohn, publicly promoted the administration’s plans to overhaul financial regulations, part of Cohn’s stake in Goldman Sachs Group Inc. was sold, according to federal financial-disclosure documents. The bank’s share price rose that day by 4.5 percent on news of the planned regulatory review, as other financial-industry …

  Bloomberg United Continental Holdings Inc. changed its policy on employee travel and will now ensure crews riding on its aircraft as passengers are booked at least 60 minutes before departure, according to a statement from the company. The change, issued Friday, came after the backlash created by a video showing a United passenger being pulled from his seat and …

  Dubai / Emirates Business The Philippines’ leading airline, Cebu Pacific, offers a special all-in seat sale for its flights from Dubai to the Philippines. For as low as AED149 all inclusive, travelers from Dubai can fly non-stop to Manila from September 1 to March 31, 2018. The sale period runs from April 16 to April 22, or until seats …

  Bloomberg Overbooking is a necessity for the airline industry, according to Azul SA Chief Executive Officer and JetBlue Airways Corp. founder David Neeleman. “There are a lot of no-shows,” Neeleman said at the New York Stock Exchange, shortly after Azul went public. Shares closed up 7.2 percent from their offering price in U.S. trading. “What would hurt the airlines …

  FORT LAUDERDALE / AP Low-cost Spirit Airlines is the latest carrier to cut flights to Cuba. The Miramar-based airline began serving Havana on December 1 with twice-daily flights from Fort Lauderdale-Hollywood International Airport. But Spirit President and CEO Bob Fornaro said that “the costs of serving Havana continue to outweigh the demand for service.” The airline will reduce its …

  Bloomberg US Energy Secretary Rick Perry is ordering a study of the US electric grid, with an eye to examining whether policies that favor wind and solar energy are accelerating the retirement of coal and nuclear plants critical to ensuring steady, reliable power supplies. The 60-day review, which Perry set in motion on Friday, comes as regulators increasingly wonder …

  BAHRAIN / EMIRATE BUSINESS GE Oil & Gas (NYSE: GE) has signed a long-term multi-outage agreement with Gulf Petrochemical Industries Company (GPIC), to drive the operational excellence of GPIC’s plant in Bahrain. The partnership will strengthen the competency of GPIC to supply products including ammonia and methanol that drive the growth of downstream industries and contribute to Bahrain’s national …

  Bloomberg With a $3 billion purchase from ConocoPhillips, billionaire oilman Jeffrey Hildebrand is once again trying to succeed in a corner of the oil and gas world others are leaving behind. Hildebrand’s Hilcorp Energy Co. agreed to buy the fields in the San Juan Basin, taking on holdings in the southwestern US that Conoco sees as less appealing given …

  Bloomberg China’s bond issuers, faced with 9.7 trillion yuan ($1.4 trillion) of maturing debt this year, are stepping on the gas. Companies and governments sold 1.3 trillion yuan of onshore notes in March, about as much as in the first two months of the year combined, according to data compiled by Bloomberg that excludes certificates of deposit. Fitch Ratings …

  Bloomberg Malaysia is weighing tougher enforcement of a cap on foreign ownership of insurers as it seeks to boost local participation in the industry, people with knowledge of the matter said. The central bank is considering more strictly applying an existing policy that foreign companies owning 100 percent of local insurance firms must pare their stakes to no more …