October, 2019

• 26 October

  Amazon buys Health Navigator for ‘staff clinic’

  Bloomberg Amazon.com said it has acquired Health Navigator, a medical technology startup, in an effort to bolster its healthcare offerings for employees. The startup will be wrapped into a clinic for workers that launched last month at the company’s Seattle-based headquarters. Called Amazon Care, the programme offers virtual and in-person consultations, and delivery of prescriptions to employees’ offices and homes. ...

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• 26 October

  Airbus wins tentative order from Spirit Air for 100 jets

  

  Bloomberg Spirit Airlines Inc agreed to buy 100 Airbus SE A320neo family aircraft, handing the European planemaker a potential order in the $11 billion range during a weak year for sales. The memorandum of understanding would include a mix of all three of Airbus’s workhorse single-aisle models, from the A319neo to the A321neo, Spirit said in a statement. If the ...

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• 26 October

  United targets big spenders with first class in small cities

  

  Bloomberg It’s not often that an airline decides to design its own airplane. On Sunday, United Airlines Holdings Inc will fly customers on a new regional jet crafted to its exact specifications, an aircraft that comes with 10 first- class seats. By putting premium perches on a small regional jet with a total of only 50 seats, United hopes to ...

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• 26 October

  Branson tells Brexit opponents to stand firm against deal

  

  Bloomberg Billionaire UK entrepreneur Richard Branson said opponents of Brexit should hold out for a second referendum and not be seduced into backing Prime Minister Boris Johnson’s revised deal with the European Union. Concern about avoiding a no-deal split combined with a sense of fatigue surrounding the Brexit debate more than three years after the original vote to quit the ...

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• 26 October

  Coty considering sale of its professional hair, nail units

  

  Bloomberg Coty Inc, under pressure to turn its business around, is considering a sale of its professional hair and nail products unit that includes the brands Wella, Clairol and OPI. The shares surged the most in more than five months. The cosmetics company hired Credit Suisse to help it explore options for the professional business, which sells to salons and ...

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• 26 October

  P&G gains after posting strong sales growth

  Bloomberg Procter & Gamble (P&G) Co climbed after raising the high end of its full-year sales forecast and posting organic sales growth across all its divisions. Organic sales, which exclude things like acquisitions and currency fluctuations, rose 7% in its fiscal first quarter, topping the average of analysts’ projections for 4.8% growth. Revenue in fiscal 2020 will increase 3% to ...

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• 23 October

  UAE a major player in global energy sector: Al Mazrouei

  ABU DHABI / WAM Suhail Al Mazrouei, Minister of Energy and Industry, affirmed that UAE is a leading player in global energy sector. He attributed this to its role in finding creative solutions to the challenges of energy sustainability and the diversification of sources of energy, as well as the formulation of a new energy landscape for sustainability and conservation ...

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• 23 October

  Etisalat nine-month profit up 2.1% to AED6.7 billion

  

  ABU DHABI / WAM Etisalat Group on Wednesday announced its consolidated financial statement for the nine months ending September 30. Consolidated revenues reached to AED38.8 billion, while consolidated net profit after Federal Royalty amounted to AED6.7 billion an increase of 2.1 percent compared to same period last year. Aggregate subscriber base reached AED148 million; representing year over year (y-o-y), rise ...

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• 23 October

  Boeing 737 Max design faulted in Lion Air crash

  

  Bloomberg Design flaws in Boeing Co.’s 737 Max, a failure to share vital information with pilots and airline maintenance stumbles contributed to last year’s crash of Lion Air Flight 610, which killed 189 people, investigators have concluded. In a nine-point presentation to victims’ families prior to the Friday release of a formal crash report, the Indonesian National Transportation Safety Committee ...

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• 23 October

  Sharjah lists $750m sukuk at Nasdaq Dubai

  DUBAI / WAM Nasdaq Dubai welcomed the listing of a $750 million issued by the Emirate of Sharjah on Wednesday. It is the second sukuk listing this year on Nasdaq Dubai by Sharjah, following a one $1 billion listing in April, said a press release issued by Nasdaq Dubai on Wednesday. The total value of all the Emirate’s Sukuk listed ...

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