After HP Inc. rebuffed Xerox Holdings Corp.’s attempted $34 billion takeover attempt, don’t be surprised if the printer company’s next step is to say, “You don’t buy us, we buy you.” But don’t expect any offer to be generous. A counteroffer from its bigger rival may have been Xerox’s plan all along. The two companies have been involved in tentative ...

You know times are hard in provincial South Korea when the guy selling walkers and hearing aids can only make ends meet by day trading. Ho Cheol Lee, 52, keeps his eyes on flashing stock quotes while his shop, crammed with wheelchairs, canes and other equipment for seniors, sits empty. Lee has run the store for roughly two decades, and ...

Bloomberg American equity-index futures declined along with stocks in Europe and Asia after the US Senate passed legislation supporting Hong Kong protesters, drawing a rebuke from China and potentially complicating trade talks. Bonds gained. Contracts on all three major US indexes declined, signalling a weak open in New York. The 10-year Treasury yield fell to a three-week low and the ...

Bloomberg A world-beating stock gain is quickly unraveling in Hong Kong, showing how fast sentiment can change as protests convulse the city. The Hang Seng Index lost 0.8% on Wednesday. It had surged 2.9% in two days, with volatility sinking 11% in that time. Short-selling volume reached 16% of total equity turnover — near a record of 20% in August ...

Bloomberg Europe’s wealthiest man is spending more than $1 billion on a Paris department store at a time when other shops are going out of business and consumers are turning to Amazon.com Inc. La Samaritaine, part of billionaire Bernard Arnault’s LVMH luxury empire, is set to reopen next April after a 15-year renovation. The company gave reporters a tour of ...

Bloomberg Nestle SA expects to get about a quarter of a billion dollars in extra revenue from Starbucks-branded products this year after it began selling items including Nespresso-compatible capsules under a partnership with the US coffee giant. Starbucks-branded merchandise will add about 250 million Swiss francs ($252 million) to sales this year, a spokesman said in response to questions. Last ...

Bloomberg South Africa’s government ruled out an intervention in the ongoing battle between the struggling state airline and unions leading a strike, with public enterprises minister Pravin Gordhan refusing to step in to fund wage demands. The state has already given South African Airways (SAA) more than $1.4 billion over the past three years, Gordhan said in an emailed statement. ...

Bloomberg EasyJet Plc plans to become the first carrier to offset carbon emissions from all its flights as the aviation industry responds to a growing outcry over its contribution to climate change. “It’s not to say that this is the perfect solution, we know it’s an interim step before new technologies come into play,” CEO Johan Lundgren told Bloomberg TV. ...

Bloomberg The US National Transportation Safety Board (NTSB) recommended that the Boeing Co 737 NG (Next Generation) be redesigned to prevent a repeat of a fatal accident last year in which an engine part broke off in flight, killing a passenger. More than 7,000 so-called 737 Next Generation planes could be affected by the recommendation that the inlet to the ...

Bloomberg Air Botswana plans to reduce its workforce to 210 from 450 to prepare for the government’s latest attempt to privatise the loss-making state-owned carrier. The job cuts will come from separating the ground-handling operation into a new unit that could then be sold to private-equity firms, chairman Tebogo Masire told reporters in Gaborone. “Air Botswana must be lean and ...