Bloomberg Spending months to find the perfect home in your price range, only to have your mortgage application rejected, or a home inspection turn up expensive repairs, is a nightmare—one that is coming true with increasing frequency, according to a new report from real estate listings website Trulia. A Trulia analysis of US listings shows that 3.9 percent of ...

  Bloomberg Takata Corp. admitted to hiding the deadly risks of its exploding air bags for about 15 years in an agreement to pay US regulators, consumers and car manufacturers $1 billion in penalties. The faulty air bags have been linked to at least 17 deaths worldwide. The Tokyo-based manufacturer also agreed to plead guilty to one criminal charge. The ...

  Bloomberg Mexico’s fuel market liberalization has done something rarely seen before: make California’s pump prices look cheap. Drivers are flooding across the border to southern California to fill up on gasoline, after protesters blocking distribution centers near the Baja California capital of Mexicali caused stations to run dry. Antunez’s Shell gas station in Calexico is just five blocks away ...

  Bloomberg The UK will do “whatever we have to do” to boost its competitiveness if it fails to secure post-Brexit access to the European Union single market, Chancellor of the Exchequer Philip Hammond said in an interview published on Sunday in a German newspaper. “If Britain were to leave the European Union without an agreement on market access, then ...

  Bloomberg German Transport Minister Alexander Dobrindt, escalating a months-long feud with Italy over vehicle emissions, said the European Commission must ensure that Fiat Chrysler cars that break pollution rules are taken off the market, Bild am Sonntag reported. “The Italian authorities have known for several months that Fiat, in the opinion of our experts, uses illegal shut-off devices,” the ...

  PARIS / Reuters Qatar Airways is seeking strict guarantees as it talks to CFM International about supplying engines for a revamped order for Airbus narrow-body jets, which it expects to finalise ‘soon’, its chief executive said. The Gulf airline has cancelled four A320neo jets powered by alternative Pratt & Whitney engines and expects to swap the overall aircraft order, ...

  Bloomberg Elon Musk’s Space Exploration Technologies Corp. returned to the skies with a flawless delivery of communications satellites into orbit, its first flight since a September 1 fireball destroyed a rocket and its payload on a Florida launch pad. A Falcon 9 rocket carrying 10 Iridium Communications Inc. satellites rumbled aloft from Vandenberg Air Force Base on California’s central ...

  Bloomberg London’s Heathrow airport, which has operated close to the capacity of its two runways since the start of the decade, eked out a further 700,000 passengers to extend its lead as Europe’s top travel hub in 2016 as growth in Paris stuttered and Istanbul and Frankfurt fell back. Heathrow’s traveller tally increased 1 percent to 75.7 million, while ...

  Bloomberg As Britain’s retailers reported on what for most was a successful holiday season, one of the biggest and most storied of all warned that it expects a particularly difficult year ahead. Employee-owned John Lewis Partnership said that Brexit-induced inflation and a rise in online competitors are increasingly pressuring earnings. Such is its concern that the owner of John ...

  Bloomberg Air France-KLM Group Chief Executive Officer Jean-Marc Janaillac delivered a downbeat assessment of the carrier’s prospects for 2017, saying it faces ‘difficult’ times in the year ahead amid rising oil prices and an ongoing struggle to rein in expenses. Weak margins combined with high debt remain the greatest challenges to Europe’s biggest airline, Janaillac said in an address ...