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Bloomberg Dennis Muilenburg was ousted as chief executive officer of Boeing Co., a once-unthinkable turning point for a US industrial champion engulfed in turmoil after two deadly crashes of its top-selling 737 Max jetliner. David Calhoun, a General Electric Co. veteran who had served as chairman since October, will replace Muilenburg as CEO and president on January 13, Boeing said ...

Bloomberg Airbus SE officially cancelled a book commissioned for its 50th anniversary, citing a shift in its ‘‘communication content goals.” “Airbus acknowledges the quality of the finished manuscript,” the company said in a statement, which was titled ‘‘Airbus: The First 50 Years” and written by ex-New York Times journalist Nicola Clark. Bloomberg News reported in July that the book was ...

Bloomberg Ryanair Holdings Plc lost a bid to stop a top executive joining rival EasyJet Plc next month after a bitter legal battle. An Irish judge ruled Chief Operating Officer Peter Bellew can join EasyJet in the same role on January 1 as planned. Ryanair had argued that Bellew must abide by a 12 month non-compete clause before moving to ...

Bloomberg After hitting a record high, Nike Inc. is finding it harder to keep investors happy. Even though the company posted quarterly results that sailed past Wall Street estimates, the shares dipped, suggesting some investors were looking for an even bigger upside surprise. Fiscal second-quarter profit rose to 70 cents a share, Nike said, beating 58-cent average of analysts’ estimates. ...

Bloomberg Kuwait and Saudi Arabia could reach an agreement by the end of this year to renew oil output in the shared neutral zone along their border, Kuwaiti Oil Minister Khaled Al-Fadhel said. The neutral zone, which has been shuttered for at least four years, can produce as much as 500,000 barrels a day. The zone’s Wafra and Khafji fields ...

Bloomberg China is taking a major step to open up sectors ranging from oil and gas to telecommunications and railways, easing market regulations and lowering financing costs for private companies. The government will offer more tax breaks and broaden incentives to more firms, according to a government statement published by the official Xinhua News Agency, which didn’t specify the industries. ...

Abu Dhabi / WAM Etihad Airways, the national airline of the United Arab Emirates, and Kuwaiti flag carrier, Kuwait Airways, have signed a codeshare partnership on selected services on bookings effective December 22, for travel from January 5, 2020. According to a statement by Etihad airways, the national airline will place its ‘EY’ code – subject to regulatory approvals – ...

Bloomberg This year has been one of moderate gains for the price of oil, but it has been bleak for producers. West Texas Intermediate crude is heading for an annual increase of more than 30%, but the best performance among the global oil majors has been Chevron Corp, which has posted a gain of just 10%. The S&P 500 Energy ...

Bloomberg Mexican stocks are set to underperform emerging market stars next year amid worries about domestic economic policy, sluggish growth and U.S. trade ties. Mexico’s benchmark IPC index is projected to rise 7% next year to 47,800, according to the median of seven analysts surveyed by Bloomberg. That growth would be in line with the gauge’s performance so far in ...

Bloomberg South Africa’s biggest labour group is proposing that more than half the debt of state-owned Eskom Holding SOC Ltd be put into a special purpose vehicle to help save the utility and avoid job cuts. The Congress of South African Trade Unions urged the government strike a deal with the Public Investment Corp, Africa’s biggest money manager, to help ...