JetBlue workers to seek union representation

  Bloomberg JetBlue Airways Corp baggage handlers and other airport ground workers are looking to gain union representation, potentially following pilots and flight attendants in joining an organised labor group at the carrier. The International Association of Machinists and Aerospace Workers (IAM) said it will file an application with the National Mediation Board after a sufficient number of the 3,000 ...

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Japanese airline ANA plans to increase international flights

  Bloomberg All Nippon Airways will increase international flights and cabin staff numbers to meet an anticipated jump in demand when Japan abolishes Covid-19 border controls next month. “We’ve long been waiting for the easing of restrictions,” Chief Executive Officer Shinichi Inoue told reporters at Haneda Airport in Tokyo on Friday. “We want to welcome visitors from overseas with increased ...

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Canadian retail sales rise slightly in August

  Bloomberg Canadian retail sales rise slightly in August, a welcome rebound from the largest decline in more than a year in July. Receipts for retailers increased 0.4% in August, Statistics Canada reported Friday in Ottawa, according to an advance estimate. That follows a 2.5% sales drop in July, which was the first decline in seven months and the largest ...

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Barclays sued by investors over multibillion securities blunder

Bloomberg Barclays Plc was sued by shareholders who claim they suffered significant losses after the British lender disclosed that paperwork errors led it to accidentally issue billions of dollars more in structured and exchange-traded notes than it had registered for sale. The bank and its executives “made materially false and misleading statements” and failed to disclose important information about both ...

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Citi seeks final bids for Mexico unit by October

  Bloomberg Citigroup Inc is seeking a second and perhaps final round of bids for its Mexican retail arm Banamex by the end of October in what could be one of the year’s biggest banking deals, according to people familiar with the matter. Carlos Slim’s Grupo Financiero Inbursa, the Mexican bank Grupo Financiero Banorte and mining tycoon German Larrea are ...

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Klarna to cut staff, growth plans after losses mount

  Bloomberg Klarna Bank AB, months after announcing major job cuts and taking a $39-billion hit to its valuation, is planning to restructure parts of its business further to suit a slower-growing, smaller operation. In a meeting this week, a manager in the internal engineering unit of the Swedish buy-now-pay-later company told staff, some of whom were about to lose ...

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GM’s commitment to electric cars still has skeptics

Bloomberg In a surprise move, General Motors Co joined forces with the Environmental Defense Fund (EDF) to recommend tougher emissions rules for passenger vehicles. But skeptics remain unconvinced by the company’s professed commitment to going green, citing GM’s history of battling tougher fuel economy rules. GM and the EDF are recommending that the Environmental Protection Agency (EPA) establish standards ensuring ...

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Mazda sees no return path to production in Russia: Yomiuri

Bloomberg Mazda Motor Corp is considering a permanent exit from Russia after its invasion of Ukraine put a halt on the Japanese carmaker’s production in the country. The company said its withdrawal is under discussion as it sees no path to restarting production in Russia, following a Yomiuri report that said it had decided to pull out. The Hiroshima-based carmaker ...

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Meta sued for skirting Apple privacy rules to snoop on users

Bloomberg Meta Platforms Inc was sued for allegedly building a secret work-around to safeguards that Apple Inc launched last year to protect iPhone users from having their internet activity tracked. In a proposed class-action complaint in San Francisco federal court, two Facebook users accused the company of skirting Apple’s 2021 privacy rules and violating state and federal laws limiting the ...

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Roblox boasts of its popularity in Russia

Bloomberg Roblox Corp.’s popularity in Russia is increasing even as almost every other publicly traded gaming company has retreated from the country after its invasion of Ukraine. At Roblox’s developer conference on Friday, Chief Executive Officer Dave Baszucki said Russia sees more than 2 million active Roblox users a day. Russians are among Roblox’s largest consumer base after the US, ...

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