Bloomberg Delta Air Lines Inc. is studying a purchase of roomier regional jets with a list value of as much as $2.3 billion — provided the company can get the pilots’ union to accept an overhaul of the small-plane fleet. The Atlanta-based carrier told the Air Line Pilots Association it wants the option of adding as many as 50 …

  Bloomberg Wal-Mart Stores Inc. is in advanced discussions to invest as much as $1 billion into India’s Flipkart Online Services Pvt. Ltd, as the two companies battle Amazon.com Inc. in e-commerce, according to a person familiar with the matter. Wal-Mart, the world’s largest retailer, would take a minority stake in Flipkart, the person said, asking not to be identified …

  AFP Australian carrier Qantas has warned of the danger of mobile phones being crushed in reclinable plane seats and catching fire after one ignited during a US flight, according to a safety report on Wednesday. The findings came just weeks after Qantas and domestic competitor Virgin Australia, as well as other international airlines, told customers not to use or …

Bloomberg American Airlines is poised to clear one of the final major hurdles in the integration of US Airways on Oct. 1 when it meshes the flight operating systems of both carriers in a move that travelers shouldn’t notice. The change will unify 15,000 American, US Airways and America West pilots into one workforce and remove barriers that tied them …

  Bloomberg Corporate pilots routinely take off without performing required safety checks, a study of thousands of flights by a trade group has found. Prompted by the 2014 crash of a corporate jet that killed billionaire Lewis Katz, which occurred after pilots neglected to ensure their flight controls worked, the National Business Aviation Association discovered that similar lapses are common. …

  AFP Postal Savings Bank of China (PSBC) made a low-key debut on the Hong Kong bourse on Wednesday, despite notching up the world’s biggest IPO in two years aimed at expanding the business. China’s fifth-biggest lender raked in a colossal $7.4 billion in the flotation, with a report in the Chinese language financial news portal Caixin saying a fund …

  AFP The board of the World Bank has unanimously agreed to name Jim Yong Kim to a second term as president, the global lender announced. Kim had been the only candidate in a process criticized by World Bank staff and campaigners as lacking in transparency and dominated by the United States. In a statement announcing the decision, the Bank’s …

  AFP Royal Bank of Scotland (RBS) on Wednesday said it had agreed a fine of $1.1 billion (982 million euros) with US authorities over the alleged mis-selling of mortgage securities ahead of the 2008 financial crisis. It comes a week after US authorities said they would seek $14 billion from Deutsche Bank over similar allegations. “The Royal Bank of …

  Bloomberg Deutsche Bank AG rose in Frankfurt trading after the German lender agreed to sell its U.K. insurance business for 935 million euros ($1.2 billion) and Chief Executive Officer John Cryan ruled out a capital increase. Responding to investor concerns that the bank may be forced to raise capital to meet mounting legal costs, Cryan told Germany’s Bild newspaper …

  AFP Germany’s second-largest lender Commerzbank could slash around a fifth of its staff in the coming years as part of a billion-euro restructuring programme, a German newspaper said. Chief executive Martin Zielke is to present his vision for the bank’s future up to 2020 — including some 9,000 job cuts — to fellow board members on Friday, according to …