April, 2017

• 15 April

  Google’s ad tech rivals seize opportunity after YouTube boycott

  

    Bloomberg Weeks after scores of advertisers boycotted YouTube, Google is still trying to mitigate the damage. Meanwhile, long-struggling competitors in the digital ad market are seizing the moment. MediaMath Inc., a New York-based seller of software for automated online ad buying, is introducing a new service to ensure that ads only run alongside hand-picked, “high quality” content. The “curated ...

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• 15 April

  Struggling tech giant LeEco loses global corporate finance head

  

    Bloomberg LeEco Inc.’s global head of corporate finance is leaving, according to a person familiar with the matter, the latest sign of retrenchment by the Chinese technology giant. Winston Cheng, who joined LeEco in 2015, will be president of international at Chinese e-commerce company JD.com Inc., leading new business initiatives including investments and mergers and acquisitions, the person said. ...

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• 15 April

  Nintendo to release mini switch in 2019

  

    Bloomberg Expect more variations of the Switch as Nintendo Co. continues to refine its home and portable business strategy. That’s the message from Citigroup Inc., which says the new console is doing well, but is too big to truly combine home and portable gaming for everyone. That’s why they expect the Kyoto-based company to release a smaller version of ...

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• 15 April

  Boeing’s largest 737 Max takes maiden flight

  

    Bloomberg Boeing Co.’s newest and largest 737 Max gunned down the runway and soared over the shore of Lake Washington, south of Seattle, on its way to an almost three-hour maiden flight. The latest model in Boeing’s best-selling jet family took wing five days ahead of schedule, during a week marking the 50th anniversary of the first 737 flight. ...

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• 15 April

  Alitalia workers urged to okay compromise deal

  

    ROME / AP Premier Paolo Gentiloni urged Alitalia workers to approve a compromise deal to relaunch Italy’s struggling flagship airline that was reached in last-ditch, government-mediated negotiations between unions and Alitalia management. The deal reached early on Friday reduces proposed job and salary cuts and calls for greater investment in the long-range routes that analysts say are critical for ...

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• 15 April

  Iran Air signs $536mn order for 20 aircraft

  

    ROME / AP European turboprop manufacturer ATR sealed a long-awaited deal with Iran Air worth $536 million at list prices, making it the latest aerospace company to benefit after a nuclear accord eased international restrictions on trade with the Middle Eastern state. Iran Air will take 20 ATR 72-600 aircraft and has options for 20 more, ATR spokesman David ...

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• 15 April

  Delta Air Lines hikes payouts for overbooked fliers

  

    Bloomberg Delta Air Lines Inc. increased the payouts its airport agents can offer passengers on overbooked flights, moving to prevent a public relations nightmare similar to the one plaguing United Continental Holdings Inc. Customer service agents will be able to offer passengers as much as $2,000 when they’re asked to give up a seat on an oversold flight, up ...

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• 15 April

  Aramco CEO sees oil market balance despite US boom

  

    Bloomberg The global oil market is moving closer to balance even as increases in US oil production push prices down in the short-term, Saudi Arabian Oil Co. Chief Executive Officer Amin Nasser said. “This is not a good indication of where the market is likely to be headed going forward, as the large new production capacity and investment we ...

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• 15 April

  Bankers’ fading fear of oil lending boon for shale

  

    Bloomberg Wall Street banks’ growing optimism about the energy industry is the latest boost for US oil and natural gas producers already enjoying higher prices. JPMorgan Chase & Co., Wells Fargo & Co. and Citigroup Inc. said in their first-quarter earnings results that rising oil prices have helped them free a combined $370 million they previously set aside to ...

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• 15 April

  German offshore wind farms to offer subsidy-free power

  

    Bloomberg German’s electricity grid regulator approved bids to build what will be the first offshore wind farms that depend entirely on market prices instead of government support and subsidy. The decision by Bundesnetzagentur, or BNetzA, grants power purchase agreements for 1,490 megawatts of wind farms to be built in the North Sea. Developers promised to supply power from the ...

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