January, 2019

• 23 January

  Spirit Air sees decision on adding smaller jets

  

  Bloomberg Spirit Airlines Inc is targeting a decision by the middle of the year on its next order of single-aisle jets as the carrier prepares its expansion plans over the next five years. The heavy discounter is talking to each of the major manufacturers, Airbus SE, Boeing Co and Embraer SA, Chief Financial Officer Scott Haralson said on the sidelines …

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• 23 January

  Lowe’s NFL marketing push kicks off in rival’s backyard

  

  Bloomberg Lowe’s Cos, looking to gain an edge on Home Depot Inc, is teaming up with the National Football League (NFL) in a sponsorship deal that kicks off in its competitor’s hometown. The chain is now the league’s official home-improvement retail sponsor, capitalising on the run-up to next month’s Super Bowl in Atlanta. Lowe’s will place billboards along the city’s …

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• 23 January

  Patek Philippe may come up for sale: analysts

  Bloomberg Patek Philippe, the closely held maker of $10,000-plus Calatrava watches, may be coming up for sale, according to analysts at Berenberg who cited industry talk. The 180-year-old Swiss watchmaker could fetch 7 billion to 9 billion euros ($8 billion to $10 billion), analysts led by Zuzanna Pusz wrote in a note. Patek Philippe has been owned by the Stern …

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• 23 January

  Flights resume at Newark Airport after drone sighted nearby

  

  Bloomberg Flights at Newark Liberty International Airport were briefly halted after a drone was spotted flying nearby in an episode reminiscent of the ones that disrupted traffic at London’s major facilities in recent months. The device was spotted over nearby Teterboro Airport north of Newark at an altitude of 3,500 feet, Federal Aviation Administration (FAA) spokesman Greg Martin said. The …

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• 22 January

  Stocks fall with US futures over cloudy outlook for trade

  

  Bloomberg Stocks dropped on Tuesday alongside US futures as a cloudy outlook for trade and growth continued to weigh on risk appetite. Treasuries climbed and the yen strengthened. Futures on the S&P 500, Dow and Nasdaq all pointed to a softer open a day after American markets were shut for a holiday. EBay Inc bucked the trend, surging in early …

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• 22 January

  Pound strengthens on upbeat wage data

  

  Bloomberg The pound gained for a second day as upbeat UK employment data buoyed investor sentiment that was already underpinned by optimism the nation will avoid a no-deal Brexit. Sterling rose above $1.29 as official data showed wage growth in Britain was the fastest since the financial crisis during the three months through November, while the unemployment rate declined to …

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• 22 January

  PetroChina brushes off $1.5bn writedown while profit doubles

  

  Bloomberg PetroChina Co brushed off a $1.5 billion writedown from the disposal of some assets as it estimated full-year net income more than doubled last year thanks to higher crude prices. China’s biggest oil and gas producer said net income could have jumped as much as 132 percent in 2018, according to a filing to the Hong Kong stock exchange, …

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• 22 January

  EDP plans to double size in Brazil by 2020

  

  Bloomberg The Brazilian unit of EDP — Energias de Portugal SA plans on boosting investments once Latin America’s largest economy starts to recover, aiming to double in size by 2020. The firm, which began operating in Brazil during the privatisation wave of the 1990s, is “completely optimistic” with the outlook for the country, Chief Executive Officer Miguel Setas said in …

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• 22 January

  MEG plans to spend less, boost output

  

  Bloomberg MEG Energy Corp looks to be on its own again after Husky Energy Inc pulled its hostile bid for the Canadian oil-sands producer and no white knight emerged during the takeover battle. The data room that MEG had opened to entice other suitors during the Husky tussle is now closed, and its strategic review process has concluded, said Megan …

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• 22 January

  UBS warns of headwinds as clients pull $13bn in assets

  

  Bloomberg UBS Group AG warned that the worst may not be over after clients pulled $13 billion in assets during a market meltdown in the final months of 2018. Increased volatility, rising protectionism and geopolitical tensions are still weighing on investors, which will hit wealth and asset management revenue in the first quarter, the Zurich-based bank said on Tuesday. Withdrawals …

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