May, 2018

• 1 May

  Boeing buys jet parts supplier KLX Aerospace in $4.25bn deal

  

  Bloomberg Boeing Co. is acquiring KLX Inc. for $4.25 billion in an all-cash transaction that includes $1 billion of net debt, as the world’s largest planemaker bolsters a fast-growing new division that offers maintenance, spare parts and other services to airlines. The aircraft maker will pay $63 per share for the purchase that includes KLX’s Aerospace Solutions Group and the ...

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• 1 May

  Heathrow confident of getting Parliament’s nod for new runway

  

  Bloomberg London’s Heathrow airport is putting the champagne on ice in anticipation of final approval for the new runway it’s been seeking for decades after a poll showed the plan has the overwhelming backing of lawmakers. The company survey suggests the 16 billion-pound ($22 billion) project is supported by 75 percent of parliamentarians, Chief Executive Officer John Holland-Kaye said on ...

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• 1 May

  Prologis buys rival to boost presence in growth markets

  

  Bloomberg For Prologis Inc., the world’s largest warehouse owner, the biggest challenge to growth has been acquiring land in the markets most important to its e-commerce tenants. The solution: buy a rival. The real estate investment trust agreed to acquire DCT Industrial Trust Inc. for $8.4 billion in stock and assumed debt. REITs that lease out space at warehouses and ...

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• 1 May

  Can the man who made Coach a fashion icon remake Tiffany

  

  Bloomberg Reed Krakoff, the designer who catapulted Coach to fashion prominence, and made it a $5 billion handbag Goliath, has officially traded in his leather for diamonds. Hired by Tiffany & Co. last year as chief artistic director, he was brought in to overhaul the iconic jewelry brand’s design, attract younger shoppers and reverse an extended sales slump. On Tuesday, ...

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• 1 May

  Walmart refines global plan with $10bn Asda sale

  

  Bloomberg Walmart Inc.’s plan to shed control of its UK grocery chain, Asda, reflects a global strategy to emphasize faster-growing markets over some of its more mature ones. The world’s largest retailer said that Asda will combine with British retailer J Sainsbury Plc, mixing the UK’s second-biggest supermarket chain with No. 3 Asda in a deal worth about $10 billion. ...

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• 1 May

  What a paradox! Mexico City is always either too wet or too dry

  

  There may be other major global metropolises (Los Angeles springs to mind) that have invested more effort and money than Mexico City to bring in water from afar. But there is surely none that has invested as much effort and money to send the water back out. Mexico City’s hydrological paradox is that (unlike Los Angeles) it gets more than ...

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• 1 May

  Being Bezos means never apologising about profits

  

  It is awesome to be Jeff Bezos. The Amazon.com Inc. CEO is the world’s richest person. He has a meme-worthy physique. And investors love him when he shows them the tiniest bit of profit love. Amazon recently reported a dinky 3.8 percent operating profit margin on more than $51 billion in sales. It was the highest operating profit margin since ...

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• 1 May

  It’s a terrible time for automakers to stop making small cars

  

  The state of the auto industry in 2018 reads like a series of paradoxes. In order to sell cars now so they can invest in the next-generation electric and environmentally friendly vehicles, auto producers are moving away from the production of smaller, more environmentally friendly sedans. And at a time when oil prices and interest rates are rising, creating affordability ...

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• 1 May

  Deals bonanza in UK set to hit record amid Brexit fears

  

  Bloomberg Brexit is helping to drive big year for UK mergers. Dealmaking by UK companies such as J Sainsbury Plc, GlaxoSmithKline Plc and Sky Plc is poised to hit a record this year amid a surge in foreign takeover interest and domestic consolidation as local businesses brace for Brexit. Acquisitions involving British firms have soared to more than $275 billion ...

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• 1 May

  Twitter signs more than 30 video deals with publishers

  

  Bloomberg Twitter Inc. inked more than 30 deals with publishers including Walt Disney Co. and NBCUniversal to beef up its video offerings with more news, entertainment and sports. NBCUniversal, part of Comcast Corp., agreed to distribute live video and clips on Twitter through its media properties, including NBC News, MSNBC and E! News. Viacom Inc. is creating new show formats ...

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