October, 2018

• 24 October

  United Continental catering workers vote to join union

  

  Bloomberg Catering employees at United Continental Holdings Inc. have voted to join the Unite Here union, marking the last group of front-line employees at the carrier to seek labor representation. The vote was announced by the National Mediation Board, with 72 percent of those eligible to vote supporting the effort. Overall, Chicago-based United has about 2,900 catering employees who work ...

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• 24 October

  Mexico airport threatens to turn into investor standoff

  

  Bloomberg A referendum on the future of Mexico City’s partially built airport this week is shaping up to be president-elect Andres Manuel Lopez Obrador’s first standoff with investors who have taken a wait-and-see approach to the new government. The nationwide vote from October 25 to October 28 will ask people whether they want to push ahead with the $13 billion ...

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• 24 October

  Shot of crew asleep on airport floor was staged, saysRyanair

  Bloomberg Ryanair Holdings Plc’s year-long dispute with unions took a bizarre turn with the release of CCTV footage the discount carrier says shows cabin crew staging a photo of them being forced to sleep on the floor at Malaga airport in Spain. The original shot, posted on a Facebook page critical of Ryanair, appeared to depict staff bedded down at ...

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• 23 October

  Europe’s moment of truth as investors bid QE farewell

  

  Bloomberg The days of quantitative easing in the euro area are long gone, according to signals from the region’s $3 trillion corporate bond market. Investors are demanding ever-higher premiums for companies lower down the ratings spectrum over high-quality peers — a turning point for a market long distorted by the European Central Bank juggernaut. The gap between triple B and ...

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• 23 October

  Bank Indonesia leaves rate unchanged

  Bloomberg Indonesia’s central bank left its benchmark interest rate unchanged on Tuesday, opting to save some of its policy ammunition for possible further market volatility triggered by higher US rates. The seven-day reverse repurchase rate was held at 5.75 percent, in line with the forecasts of 21 of the 30 economists surveyed by Bloomberg. Senior Deputy Governor Mirza Adityaswara, who ...

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• 23 October

  Banks face off with fintech rivals in payments war

  Bloomberg The humdrum business of helping companies pay suppliers and collect funds from customers has turned into a battleground between banks and technology upstarts, with $250 billion of revenue at stake, according to Oliver Wyman. Fintech firms such as TransferWise Ltd. and Revolut Ltd. are capturing market share from the banks that once had a stranglehold over the wholesale payments ...

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• 23 October

  JetBlue sees cheap luxury seats spurring trans-Atlantic travel

  Bloomberg JetBlue Airways Corp. is ready to brag about its premium offerings on potential trans-Atlantic routes, even if it hasn’t yet decided whether to start flying to Europe. If it jumps into one of the world’s busiest markets for business travel, the airline would be betting on replicating the success it’s had on cross-country US flights with its high-end Mint ...

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• 23 October

  Gulfstream to boost output of G550 jet

  

  Bloomberg Gulfstream will increase output of the G550 business jet next year as fliers continue to covet one of the oldest models in the company’s lineup. The G550 was the General Dynamics Corp. unit’s longest-range plane until the G650 went on sale about six years ago. Since then, Gulfstream had steadily reduced production of the older jet. “The plane continues ...

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• 23 October

  Jet Airways seeks loan moratorium

  

  Bloomberg Jet Airways India Ltd. has approached banks for a moratorium on loans and asked for fresh funds to ease a cash cru-nch, according to people with direct knowledge of the matter, adding to signs the carrier is sliding deeper into trouble. The airline has already gro-unded about a dozen planes as part of a review of its network aimed ...

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• 23 October

  Lululemon founder mulls rejoining board

  

  Bloomberg If you want to score a meeting with Chip Wilson, you better be prepared to sweat. The founder of Lululemon Athletica Inc likes to start his days hiking a 2.9 kilometer (1.8 mile) trail up the face of Vancouver’s Grouse Mountain. It’s his preferred way to conduct meetings and he’s sometimes accompanied by as many as 20 people seeking ...

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