April, 2017

• 27 April

  Minimum-wage warriors see certainty in ambiguity

  

    Minimum-wage policy is a fraught issue. People involved in the public debate — writers, business leaders, politicians and think-tankers — often defend their positions with a passion and commitment reserved for religious disputes. That makes it challenging to bring data to bear on the conversation. Nevertheless, as the weight of evidence piles up, it’s getting harder and harder to ...

  Read More »
• 27 April

  Twitter can’t wait to win back advertisers

  

    Good news! Twitter’s business is not doing terribly by the low, low standards of Twitter. Well done. In the first quarter, Twitter Inc.’s revenue fell from the year-ago quarter for the first time. Twitter doesn’t turn a profit, and now its sales are shrinking, too. That is … not good. But Twitter executives had told investors to brace for ...

  Read More »
• 27 April

  Why Apple can’t be able to stop digging holes!

  

    Just before Earth Day, Apple Inc. announced a new goal: to make its computers and phones and watches without mining any new raw materials. Instead, Apple would one day build its products “using only renewable resources or recycled material.” This is what’s known as a “closed loop,” in which new products are made exclusively from older versions of the ...

  Read More »
• 27 April

  Airbus wrestles with problem planes as profit halves in Q1

  

    Bloomberg Airbus SE said three problem aircraft programs are set to remain a bugbear for the rest of the year after weighing on earnings in the first quarter. The planemaker is waiting on a fix for glitches afflicting engines on its new A320neo narrow-body jet, while production delays persist on the twin-aisle A350, Airbus said on Thursday. And talks ...

  Read More »
• 27 April

  United to pay oversold fliers up to $10,000

  

    Bloomberg United Continental Holdings Inc. will offer as much as $10,000 to passengers who voluntarily give up their seats on oversold flights, one of 10 changes the airline is adopting after a customer was dragged off a plane by security officers. The carrier will also reduce the overbooking of flights and refrain from calling in law enforcement officials unless ...

  Read More »
• 27 April

  China seeks European regulatory nod for C919

  

    Bloomberg China plans to get European regulatory approval for the C919, a move that would boost the appeal of the nation’s first domestically produced large jet to overseas buyers. The nation will seek to gain the European Aviation Safety Agency’s certification for the C919 as part of negotiations under a China-E.U. air-safety agreement, Li Jian, deputy administrator of the ...

  Read More »
• 27 April

  American Air pilots, flight attendants to get pay hike

    Bloomberg American Airlines Group Inc. reversed its opposition to mid-contract pay raises as Chief Executive Officer Doug Parker moved to soothe strained labor relations at the world’s largest carrier. Aviators will receive an increase of about 8 percent as soon as next month with flight attendants getting a 5 percent bump, the world’s largest carrier said in a message ...

  Read More »
• 27 April

  Deutsche Bank’s return to growth delayed as trading trails

  

    Bloomberg Deutsche Bank AG’s muted gains in a particularly strong period for Wall Street trading is raising doubts about how quickly Chief Executive Officer John Cryan can recover ground lost to competitors. Europe’s largest investment bank on Thursday reported an 11 percent increase in revenue from trading bonds and currencies in the first quarter. That’s less than half the ...

  Read More »
• 27 April

  Bank of Japan cuts inflation forecast

  

    Bloomberg The Bank of Japan (BOJ) kept its stimulus policies unchanged while lowering its inflation forecast, underscoring that any exit from its unprecedented monetary easing remains far away. The central bank will continue to use its two policy rates and asset purchases to spur prices higher, it said in a statement Thursday. The decision was expected by almost all ...

  Read More »
• 27 April

  DBS cuts pay of senior executive by 13%

    Bloomberg DBS Group Holdings Ltd. cut senior executive pay by 13 percent last year to hold managers accountable for weaknesses in three areas including surging nonperforming loans, Chief Executive Officer Piyush Gupta said. Besides bad loans, the management of Singapore’s largest bank penalized executives for a weaker performance in Greater China and “control lapses” on the regulatory front, Gupta ...

  Read More »