Bloomberg United Technologies Corp can’t seem to get its aerospace megadeal across the finish line. But that isn’t stopping the company from capitalising on a booming market. The manufacturer boosted its forecast for the year and topped Wall Street’s third-quarter profit estimates as demand surged for the latest in aviation know-how. Sales at the Pratt & Whitney jet-engine operation jumped ...

Bloomberg Once upon a time, shoppers at the great American malls bounced from Sears to Bon-Ton to Borders Books and Circuit City, stopping along the way at all the smaller stores in between. Now the anchor model, which relied on big-box retailers to drive traffic, is fading. Sears Holding Corp filed for Chapter 11 protection on October 15, saying it ...

Bloomberg Deutsche Lufthansa AG is trying to decide whether to take its first Boeing Co 787 Dreamliners, or to expand its fleet of Airbus SE’s marquee A350 wide-body jets as it updates its long-range aircraft, according to people familiar with the plans. Lufthansa has requested proposals from both Airbus and Boeing, and is looking to order about 20 jets in ...

Bloomberg Catering employees at United Continental Holdings Inc. have voted to join the Unite Here union, marking the last group of front-line employees at the carrier to seek labor representation. The vote was announced by the National Mediation Board, with 72 percent of those eligible to vote supporting the effort. Overall, Chicago-based United has about 2,900 catering employees who work ...

Bloomberg A referendum on the future of Mexico City’s partially built airport this week is shaping up to be president-elect Andres Manuel Lopez Obrador’s first standoff with investors who have taken a wait-and-see approach to the new government. The nationwide vote from October 25 to October 28 will ask people whether they want to push ahead with the $13 billion ...

Bloomberg Ryanair Holdings Plc’s year-long dispute with unions took a bizarre turn with the release of CCTV footage the discount carrier says shows cabin crew staging a photo of them being forced to sleep on the floor at Malaga airport in Spain. The original shot, posted on a Facebook page critical of Ryanair, appeared to depict staff bedded down at ...

Bloomberg The days of quantitative easing in the euro area are long gone, according to signals from the region’s $3 trillion corporate bond market. Investors are demanding ever-higher premiums for companies lower down the ratings spectrum over high-quality peers — a turning point for a market long distorted by the European Central Bank juggernaut. The gap between triple B and ...

Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged on Tuesday, opting to save some of its policy ammunition for possible further market volatility triggered by higher US rates. The seven-day reverse repurchase rate was held at 5.75 percent, in line with the forecasts of 21 of the 30 economists surveyed by Bloomberg. Senior Deputy Governor Mirza Adityaswara, who ...

Bloomberg The humdrum business of helping companies pay suppliers and collect funds from customers has turned into a battleground between banks and technology upstarts, with $250 billion of revenue at stake, according to Oliver Wyman. Fintech firms such as TransferWise Ltd. and Revolut Ltd. are capturing market share from the banks that once had a stranglehold over the wholesale payments ...

Bloomberg JetBlue Airways Corp. is ready to brag about its premium offerings on potential trans-Atlantic routes, even if it hasn’t yet decided whether to start flying to Europe. If it jumps into one of the world’s busiest markets for business travel, the airline would be betting on replicating the success it’s had on cross-country US flights with its high-end Mint ...