September, 2019

• 8 September

  American Air says goodbye to MD-80 jetliner after 36 years

  

  Bloomberg Julio Gomez has flown the MD-80 for his entire 20-year career at American Airlines. But he can’t bring himself to make that final trip into the New Mexico desert. “I just cannot take that airplane to its grave,” Gomez, 52, said of the iconic jets’ retirement flights. “It’s just too heartbreaking.” The retirements mark the end of an era ...

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• 8 September

  Facebook, Google brace for antitrust probes from states

  

  Bloomberg Facebook Inc and Google are facing intensifying scrutiny by state law enforcement officers with authority to impose vast fines and even break up companies that are found to have violated antitrust and privacy rules. New York is leading a coalition of states in a wide-ranging investigation of Facebook and the Texas attorney general said that he’ll announce a separate ...

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• 8 September

  Le Maire: No room for Renault-Fiat talks amid Italy revival

  

  Bloomberg Renault SA and Nissan Motor Co need to define a common strategy first before discussing a potential tie-up with Fiat Chrysler Automobiles NV, French Finance Minister Bruno Le Maire said. The coolness towards the possibility of extending the alliance to the Italian-American carmaker comes against the background of a revival of France’s relationship with Italy after the installation of ...

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• 8 September

  Volkswagen replaces head of its ride-hailing business Moia

  

  Bloomberg Volkswagen AG said it is shuffling the leadership at its Moia unit to map out next steps in the development of its ride-sharing operations. Ole Harms, who has led Moia since its founding in 2016, will take on “a new, responsible task” within the world’s biggest automaker, the German manufacturer said in a statement. His successor will be the ...

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• 8 September

  Billionaire donates $360mn to USC

  Bloomberg Billionaire founder of Public Storage, B Wayne Hughes Sr, donated almost $400 million to the University of Southern California (USC), most of which was given anonymously, according to the Los Angeles Times. The son of a sharecropper, Hughes fled from dust storms in Oklahoma to Los Angeles, where he graduated from USC in 1957. The newspaper identified him as ...

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• 8 September

  Brexit bounty for carbon farming as market replaces subsidies

  

  Bloomberg Subsidies paid to UK farmers could be replaced after Brexit by cash from selling carbon credits, inducing more landowners to plant trees and protect marshlands that sequester greenhouse gases. Carbon farming has gained traction alongside markets that put a price on pollution. It’s an agricultural technique that stores carbon dioxide emissions by regenerating soil and vegetation. Farmers can potentially ...

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• 8 September

  Should Fed fight back?

  

  “To the barricades.” That’s one way of characterising Bill Dudley’s recent proposal that the Federal Reserve fight back against President Trump’s unrelenting attacks. Although it’s a phenomenally bad idea, it has the curious and paradoxical effect of revealing the primary defects of Trump’s economic policies. First, some background. Dudley — a former chief US economist for Goldman Sachs — was ...

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• 8 September

  Italy’s new coalition looks shaky

  

  Giuseppe Conte looks set to form a new government in Italy, after activists from the Five Star Movement backed an alliance with the Democratic Party. The speedy resolution of Italy’s political crisis offers a striking contrast with the enduring chaos in Britain. But the basis of the new coalition, including the program and the likely ministerial team, appear extremely shaky ...

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• 8 September

  Key secrets to success to manage a pension fund

  

  How often does it happen that a public pension fund chooses someone to manage its money — and then sticks with that person for 43 years? Only one streak I know of has lasted this long. The Atlanta-based investment counseling firm Bowen, Hanes and Company Inc., run by Jay Bowen, has received national acclaim for its long tenure overseeing the ...

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• 8 September

  On Brexit, Boris Johnson has badly miscalculated

  After just 43 days in office, UK Prime Minister Boris Johnson has gotten himself into a dire fix. Unfortunately, there’s no easy way out — for him or for the country he nominally leads. Thanks to a series of miscalculations, Johnson’s party is cracking up, his government is collapsing, and his political strategy is backfiring. This week, he ejected 21 ...

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