January, 2017

• 19 January

  California warns of break from Washington on clean-air rules

  

    Bloomberg California sent a warning shot in a potential showdown with the incoming Trump administration, with the state’s clean-air regulators digging in on mandates for an ever-greater number of electric and fuel-cell cars. The staff of California’s Air Resources Board called national efforts to promote electrification “very modest” after 2025 as it released a more than 660-page report on ...

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• 19 January

  WeWork plans S America expansion amid worldwide co-working boom

  

    Bloomberg WeWork Cos., the world’s largest co-working startup, is preparing to enter Argentina and Brazil while scouting potential sites in nearby countries as part of an expansion in Latin America. The New York-based shared-office startup, which was most recently valued at $16 billion, plans to open two locations in Sao Paulo in June, as well as at least one ...

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• 19 January

  Greenwich luxury-home sales quicken as sellers haggle on prices

  

    Bloomberg Luxury residences in Greenwich, the Connecticut town that’s home to hedge funds and Wall Street executives, sold at a quicker pace in the fourth quarter as owners became more amenable to negotiating on price. Homes that sold in the top 10 percent of the Greenwich market — those priced $3.79 million or higher — spent an average of ...

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• 19 January

  Safran to buy Zodiac in €10bn deal

  

    Bloomberg Aircraft-engine maker Safran SA agreed to buy plane-seat supplier Zodiac Aerospace SA for almost 10 billion euros ($10.5 billion) in an all-French deal that will unite two of the country’s biggest aerospace groups. Safran will offer 29.47 euros per share in cash, 26 percent above Wednesday’s close, the companies said on Thursday. If half of Zodiac’s equity is ...

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• 19 January

  Ryanair may scrap UK domestic routes post Brexit

  

    Bloomberg Ryanair Holdings Plc could cease flights within Britain once the country leaves the European Union, rather than take steps to comply with new regulations. As an Irish company, Europe’s biggest discount carrier could require a UK air operating certificate, or AOC, in order to continue domestic services there once Brexit is implemented, Chief Financial Officer Neil Sorahan said. ...

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• 19 January

  Shoprite lures shoppers with cheaper food

  

    Bloomberg South African shoppers with limited spending money are turning to low-cost supermarket chains such as Shoprite Holdings Ltd. for cheaper food and eschewing new clothes to counter accelerating inflation. Africa’s biggest food retailer reported 7.4 percent half-year sales growth at South African stores that have been open for more than a year, equal to how much the company ...

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• 19 January

  Stronger airfare boosts United’s profit

  

    Bloomberg United Continental Holdings Inc.’s fourth-quarter profit exceeded expectations as a rebound in pricing power took hold across the airline industry. Earnings excluding certain items were $1.78 a share, compared with the average analysts’ estimate of $1.75 a share. Revenue rose less than 1 percent to $9.05 billion, the Chicago-based airline said in a statement. Analysts had predicted $9.06 ...

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• 19 January

  Singapore Air backs two-stop trips as Manchester gets A350 boost

  

    Bloomberg Singapore Airlines Ltd. deepened its commitment to two-stop flights after deploying the world’s newest wide-body jet on services that call in at Manchester, northern England, en route to Houston, Texas. The Asian carrier this week upgraded the flight, which it operates under so-called fifth-freedom rights, to Airbus Group SE’s A350-900 jet, of which it has only 10 in ...

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• 19 January

  AirAsia mulls dividend after sale of plane-leasing unit

    Bloomberg AirAsia Bhd., the region’s biggest budget airline, is likely to use most of the proceeds from a proposed sale of its aircraft-leasing arm to pay a dividend, its chief executive officer said in an interview. The airline expects to get binding bids for the unit by March and close the deal by summer, Group CEO Tony Fernandes, 52, ...

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• 19 January

  Oil industry on acquisition trail as outlook brightens

  

    Bloomberg The world’s top oil companies are back in acquisition mode, targeting smaller exploration and development firms to boost oil and gas reserves rather than the mega-mergers that followed previous slumps in crude prices. Since late November, major oil companies have announced 11 deals worth more than $500 million each with a combined value of $31 billion, the clearest ...

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