Bloomberg Boeing Co. is trying to assuage 737 Max customers concerned about a little-known anti-stall feature that has emerged as a focus of investigators probing a crash in Indonesia last month that killed 189 people. Southwest Airlines, the largest 737 Max operator, American Airlines and United Airlines are among the carriers globally pressing Boeing for details of the formerly obscure ...

Bloomberg As J.C. Penney Co. discounts more merchandise to clear the shelves of slow-moving inventory, investors are hopeful the painful overhaul is nearing its end. The department-store chain, which has been aggressively trying to get the right mix of merchandise in stores, reported a sales contraction in its latest quarter. It also withdrew its prior 2018 earnings guidance, replacing a ...

Bloomberg Canada Goose Holdings Inc. wants its customers to know what real cold feels like—from the comfort of a $1,000 parka. The company is adding frigid rooms to some of its stores where shoppers can test the luxury coats in temperatures as low as -25 degrees Celsius. A Montreal location is the fifth to include the fancy freezer, and Beijing ...

Bloomberg The maker of Oreo cookies has become the latest target by Greenpeace in its campaign to stop the destruction of rainforests for palm oil. The environmental group accused palm oil suppliers to snack giant Mondelez International Inc., which makes the famous black and white cookie as well as Cadbury chocolate bars, of deforestation and destroying orangutan habitats in Indonesia. ...

Bloomberg In an industrial park outside Cologne, German grocer Rewe Group is fighting back against Amazon.com Inc. with what it describes as the most technologically sophisticated online-shopping facility in Europe. The closely held retailer’s building, the size of 2 1/2 soccer fields, holds 20,000 items from drinks to diapers, twice as many as a typical supermarket. Products are stored in ...

Bloomberg Billionaire Mukesh Ambani-owned Reliance Industries Ltd is considering a plan to boost its oil-refining capacity by about half, people with knowledge of the matter said. The proposed plant, to come up at the world’s biggest refining complex in Jamnagar, will be able to process as much as 30 million tonnes of crude a year, the people said asking not ...

Bloomberg BGC Partners Inc is entering the shipbroking market for the first time, buying Poten and Partners Group Inc to bet on demand for liquefied natural gas. Poten, which is based in New York, specializes in the LNG tanker and liquid petroleum gas markets, with 170 staff in offices from London to Singapore, Houston, Athens, Guangzhou and Perth. BGC didn’t ...

Bloomberg Nissan Motor Co. will remove Carlos Ghosn as chairman after he was arrested in Tokyo for violations of financial law, throwing the auto industry’s largest global alliance into turmoil. Ghosn, among the most prominent car-industry leaders globally and also the Chief Executive Officer of Renault SA, has been arrested over the suspected breach of Japanese financial trading law, the ...

Bloomberg Disappointing earnings may not be over for Taiwan companies, dragged by waning demand for Apple Inc.’s flagship iPhone and deteriorating relations between the island’s two biggest trade partners. Net income for companies on the Taiex index is expected to drop 9.2 percent on-year this quarter after undershooting estimates in the three months through September, the first miss since the ...

Bloomberg Ping An Insurance Group Co., China’s biggest insurer by market value, led investors in injecting 41.5 million euros ($47 million) into Germany’s Finleap GmbH in its latest round of funding. The Chinese behemoth’s $1 billion-Global Voyager Fund led the investment round, the companies said in a statement on Monday, which didn’t disclose additional terms. The deal values the Berlin-based ...