April, 2019

• 20 April

  Boeing nears Max 737 software fix as FAA review looms

  

  Bloomberg Boeing is working through the final steps before asking US regulators to review an update for anti-stall software linked to two fatal 737 Max accidents, an early milestone to lifting a global grounding of its best-selling jet. But there are many steps in the Federal Aviation Administration’s (FAA) assessment of the proposed fix, and that process could stretch well ...

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• 20 April

  Kering’s sales beat estimates as flagship Gucci growth cools

  

  Bloomberg Kering reported sales that narrowly beat analysts’ estimates as growth at its flagship Gucci brand cooled from last year’s relentless pace. Gucci’s growth has been slowing gradually in the third year of a blockbuster turnaround under CEO Marco Bizzarri and designer Alessandro Michele, whose decadent products like crystal-coated sunglasses and serpent-painted handbags ushered in an era of new maximalism ...

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• 20 April

  UK retail sales surge as consumers defy ‘Brexit’

  Bloomberg UK retail sales unexpectedly increased for a third consecutive month in March, underlying the resilience of consumers in the face of Brexit uncertainty. The volume of goods sold in stores and online jumped 1.1 percent from February, the Office for National Statistics (ONS) said. Sales excluding auto fuel increased 1.2 percent. Both measures had been expected to show a ...

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• 20 April

  NTSB probes American hitting JFK runway sign

  Bloomberg US aviation accident investigators have opened a probe into how an American Airlines plane struck a runway sign while taking off from New York’s John F. Kennedy International airport, forcing the plane back to the airport where it landed safely. The plane, an Airbus SE A321 headed for Los Angeles carrying 102 passengers and eight crew members, hit the ...

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• 20 April

  Amazon to shut down part of its China e-comm business

  

  Bloomberg In a rare retreat for Amazon.com Inc, the e-commerce giant plans to shut down its Chinese marketplace business in July as it shifts its focus to offering mainland consumers overseas products rather than goods from local sellers. Amazon will keep running its other businesses in China, including Amazon Web Services, Kindle e-books, and cross-border operations that help ship goods ...

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• 20 April

  Trump’s LNG push helps power German green cruise liner boom

  

  Bloomberg President Donald Trump’s bid to dump a glut of liquefied natural gas (LNG) on Europe is getting an unlikely boost: stringent regulations on shipping emissions that are prompting the continent’s shipyards to hunt for alternatives to high-polluting diesel. The International Maritime Organization will clamp down next year on sulfur and carbon emissions from diesel-powered ships. That’s sparked a hunt ...

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• 20 April

  Nestle, Unilever post sales growth despite price hike

  

  Bloomberg Europe’s consumer-goods giants are showing new signs of life by selling more food and cleaning supplies, even at higher prices. Nestle SA and Unilever surprised investors with strong starts to the year, reporting first-quarter sales growth that handily topped analysts’ estimates. The Swiss maker of KitKat bars and the Anglo-Dutch owner of Dove soap each cited a combination of ...

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• 20 April

  Pinterest IPO raises $1.4 billion as it shuns social-media tag

  

  Bloomberg Pinterest Inc.’s message to investors was don’t compare us to social media or a search engine. The outcome was that it raised about $1.4 billion in an above-range initial public offering. Pinterest operates in a crowded digital marketing space, where Google and Facebook Inc. get the lion’s share of ad dollars, and a smattering of smaller platforms like Twitter ...

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• 20 April

  UK home prices stagnate as buying activity plunges

  

  Bloomberg UK house prices stagnated in March as the number of transactions plunged, according to LSL Acadata. Values were flat on an annual basis last month as falls in London and southern England offset gains elsewhere, the firm said in a report. In March alone, prices rose just 0.1 percent, and transactions fell a seasonally-adjusted 15 percent, despite the month ...

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• 20 April

  US housing starts fall to weakest pace since 2017

  Bloomberg US new-home construction unexpectedly fell in March, decelerating to the slowest pace since May 2017 and suggesting builders remain wary even as lower mortgage rates and steady wage gains offer support to consumers. Residential starts fell 0.3 percent to a 1.139 million annualised rate after a downwardly revised 1.142 million pace in the prior month, according to government figures ...

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