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Bloomberg Boeing Co directors agreed to a $237.5 million settlement of claims they turned a blind eye to safety issues related to 737 Max jetliners whose crashes have cost the company more than $20 billion, according to court documents. The settlement, which is being paid by insurers covering Boeing’s directors and executives, will be handed over to the company rather …

Bloomberg Selfridges & Co held discussions with potential investors about splitting off its e-commerce business while also considering a potential sale of the department store group, according to people familiar with the matter. The luxury emporium, best known for its giant department store on London’s Oxford Street, considered spinning off Selfridges.com from its lucrative property holdings, which are far larger …

Bloomberg Bed Bath & Beyond Inc soared in late trading after announcing accelerated share buybacks and the launch of a new digital marketplace for merchandise from third-party producers. The company said it expects to complete its $1 billion share repurchase plan by the end of its fiscal year in February — two years ahead of schedule. There is $400 million …

Bloomberg A shortage of homes for sale and a buoyant labour market are expected to underpin the UK housing market as consumers come under pressure from soaring inflation and higher interest rates, according to Halifax. The average cost of a home rises 0.9% in October to a record $365,000, the mortgage lender said. That left values 8.1% higher than a …

Bloomberg A lot of the content on Facebook’s social-media services may be seen as being toxic, but that hasn’t stopped investors from pouring money back into beaten-down stock. Shares of the social media giant, now known as Meta Platforms Inc, posted their first weekly gain since early September, before a trove of internal data from a whistle-blower unleashed another round …

Bloomberg Apple Inc, bolstering its car-development efforts, hired a former engineer from Tesla Inc. who drew controversy this year for remarks about that company’s Autopilot feature. The iPhone maker tapped Christopher “CJ” Moore for its team working on a self-driving car, according to people with knowledge of the matter. Moore is working on the effort’s software, reporting to Stuart Bowers, …

Bloomberg BMW AG earnings jumped to beat expectations after higher vehicle prices and prioritizing money-spinning models like the $75,000 X7 SUV helped the company offset output reductions due to the dearth of chips. Group earnings before tax surged 50% to 2.9 billion euros ($3.4 billion) in the third quarter, BMW said, compared with an average analysts’ estimate of 2.5 billion …

Bloomberg Ferrari NV slightly raised its full-year profit target after the Italian supercar maker managed to dodge most of the supply-chain snarls weighing on mass-market automakers. Ferrari forecasts adjusted earnings before interest, taxes, depreciation and amortisation of about $1.76 billion for 2021 after a jump in third-quarter shipments and profit, it said. New Chief Executive Officer Benedetto Vigna is under …

Bloomberg The Royal Dutch Shell Plc is looking into developing a production site next to a Swedish nuclear power plant to make synthetic sustainable jet fuel for Scandinavian airline SAS AB. Together with plant operator Vattenfall AB and synthetic fuel maker LanzaTech Inc, the companies agreed to investigate starting a facility that could provide SAS with a quarter of its …

Bloomberg The razor-thin staffing that contributed to thousands of canceled US passenger flights in October doesn’t bode well for smooth holiday travel. American Airlines Group Inc scrapped about 1,900 flights since Saturday, including 302 by November 1, as cancellations continued to ripple from the disruption of flights by high winds at its main hub near Dallas. Just three weeks ago, …