July, 2016

• 10 July

  Illusionist Copperfield buys record $17.5 million home in Las Vegas

  

    AP A business group says the $17.55 million paid for a northwest Las Vegas home by Strip illusion show headliner David Copperfield set an area record. The Greater Las Vegas Association of Realtors said Thursday the price eclipsed the $17.375 million paid in 2007 for a mansion at the Shadow Creek Golf Club in North Las Vegas. The broker, ...

  Read More »
• 10 July

  Brexit turmoil spurs race for office space in Europe

  

    Bloomberg Regus Plc, the world’s largest provider of serviced offices, is speeding up expansion plans in Frankfurt ahead of an anticipated surge in inquiries from financial firms leaving London. In Amsterdam, demand for its workspaces is already rising. “It will be a big opportunity for us to give banks a temporary home,” said Daniel Grimm, head of German development ...

  Read More »
• 10 July

  US proposes direct Cuba flights

  

    Bloomberg The US government proposed eight airlines to begin scheduled passenger service to Havana, as carriers hustle to open regular flights to the Cuban capital for the first time in half a century. Flights may begin as early as this fall, the Department of Transportation said in a statement. The airlines winning approval for Havana service were American, Delta, ...

  Read More »
• 10 July

  American Air beats rivals with premium-coach cabin

  

    Bloomberg American Airlines Group Inc will be the first US carrier to offer a premium economy cabin with more legroom, in a bid to win overseas travelers seeking extra perks at a lower price than in business class. The 21-seat, three-row section will debut Nov 4 on the carrier’s first Boeing Co 787-9 Dreamliner on flights between Dallas-Fort Worth ...

  Read More »
• 10 July

  Delta’s mistaken landing sparks govt’s safety review

  

    Bloomberg The National Transportation Safety Board is investigating a Delta Air Lines Inc flight that mistakenly landed at a South Dakota Air Force base, about 12 miles (19 kilometers) from its intended destination. Delta Flight 2845 departed from the Minneapolis-St Paul airport Thursday evening en route to Rapid City, South Dakota, carrying 130 passengers on an Airbus Group SE ...

  Read More »
• 10 July

  CFM confident about A320Neo schedule despite slow start

  

    Bloomberg CFM International Inc., which competes with Pratt & Whitney to power Airbus’s new A320neo aircraft, said it’s confident that deliveries of its Leap 1A engines will stick to the planned schedule even after the European planemaker said its deliveries of the single aisle model this year will be backloaded in the second half. The engine maker, a joint ...

  Read More »
• 10 July

  Trade to contribute to UK economy

    Bloomberg Trade appears set to make a rare contribution to U.K. economic growth in the second quarter despite a sharp decline in exports in May. Figures published by the Office for National Statistics showed the deficit in goods and services widened to 2.3 billion pounds (US$3 billion) from 2 billion pounds in April. Exports fell 4.4 percent, with shipments ...

  Read More »
• 10 July

  Gap June sales top estimates as traffic improves at Old Navy

    Bloomberg Gap Inc, the biggest US apparel-focused retailer, posted June sales that topped analysts’ estimates, a sign the company’s long-promised turnaround could be taking hold. Total same-store sales, a key benchmark, rose 2 percent in June, the San Francisco-based retailer said in a statement. Analysts had predicted a 3.6 percent decline, according to estimates compiled by Retail Metrics. The ...

  Read More »
• 10 July

  UK retailers experience Brexit chill

  

    Bloomberg UK retailers had their worst June in a decade as consumers reined in spending ahead of the country’s European Union referendum, according to figures from accounting firm BDO. Sales at stores open at least a year fell 3.6 percent last month, with weekly figures deteriorating progressively, BDO research showed. A separate report from researcher GfK showed UK consumer ...

  Read More »
• 10 July

  Getaways to brighten up your summer

  

    Relaxnews With the summer getaway just around the corner, Booking.com has given a selection of great destinations for families thinking of heading to Asia and Oceania. Here’s some food for thought for families still in search of the ideal vacation location. The accommodation booking giant has delved into its 91 million user reviews, gauging the opinion of experienced family ...

  Read More »