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W.W. Grainger Inc.’s results weren’t stellar, but what exactly were investors expecting? The industrial-parts distributor has lost about a quarter of its market value over the past year amid worries that its efforts to combat Amazon.com Inc. with lower prices won’t work and will make it less profitable. We got further proof of that Wednesday when Grainger reported a further ...

It’s the silly season for financial predictions about Apple Inc. With history as our guide, it is folly to place much faith in them. Nearly every day brings deeply researched reports from stock analysts on their Apple sales forecasts. And this is not about the next quarter or two. The most pressing question analysts are trying to answer is how ...

Bloomberg Barclays Plc’s clients may have to pay as much as 350,000 pounds ($455,000) to get the top service package from its equities analysts once free research is banned in Europe, the first price for stocks coverage to emerge from a major bank. The firm is proposing three levels of service — bronze, silver and gold — with the premium ...

Bloomberg A London judge rejected an application by a group representing 46 million consumers to pursue a lawsuit against Mastercard Inc. that would have been the largest of its kind since U.S.-style class actions were introduced in the UK. The 14 billion-pound ($18 billion) lawsuit initiated by Walter Merricks, a lawyer who once led the UK organization that handles consumer ...

Abu Dhabi / Emirates Business The UAE Banks Federation (UBF), a professional body representing 48 member banks operating in the UAE, announced that it has secured support of the Central Bank for its initiative which aims at developing a unified framework for handling complaints of bank customers in the country. “The proposed framework was developed as part of UBF’s continued ...

Bloomberg Bank of America Corp. (BofA) has picked Dublin to locate its main European Union hub in preparation for Britain quitting the bloc in 2019, the latest global bank to finalize its contingency arrangements after Brexit. The bank will move some roles from London to the Irish capital and other cities across the EU, it said in a statement. Bank ...

Bloomberg Andbank, the Andorran private bank with $26 billion under management, is joining the rush to grab market share among wealthy Brazilians living in Miami. The micro-state’s largest bank has hired seven people for its Latin America private-banking business in Miami in 2017, bringing the total to 22, and could add as many as eight more by year-end, Carlos Moreno ...

Bloomberg Britain’s strategy for boosting the aviation sector will seek to enhance international connectivity as the UK quits the European Union, tighten noise and pollution curbs, tap new anti-terrorist technologies and improve the travel experience with everything from personal baggage collection to smoother border controls. The plan would also seek to safeguard Britain’s aerospace manufacturing base, advance the development of ...

Bloomberg Louis Vuitton launched an e-commerce service in China, seeking to capitalize on a rebound in the world’s largest luxury-goods market, where online sales have been dominated by local Internet giants. The site will let customers buy Louis Vuitton leather goods, shoes, accessories, watches, jewelry, luggage and perfume, the LVMH-owned brand said in a statement Friday. The site will cover ...

Bloomberg Spring Airlines Co., China’s biggest budget carrier, plans to resume some flights to South Korea as easing tensions between the two neighbors encourage mainland tourists to return to the peninsula’s popular destinations. Relations between China and South Korea are better than a few months ago, and that should enable the airline to boost its services, Chairman Wang Yu told ...