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(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.British Airways parent IAG SA will almost halve its planned expansion, reducing expected earnings growth, as it responds to slowing economies and a glut of seats that’s depressed prices.IAG, which also owns Spain’s Iberia, Aer Lingus of Ireland and discount operators Vueling and Level, will now increase capacity by 3.4% a year in the 2020-2022 period, it said Friday. The previous target was 6% through 2023.As a result, earnings per share will rise at a 10% pace instead of 12%, Chief Executive Officer Willie Walsh said in a capital markets day presentation. Capital spending will rise 80% to 4.7 billion euros ($5.2 billion).IAG said Oct. 31 that full-year profit will be lower than forecast as it grapples with the impact of BA’s first pilot strike since 1979. Like other European carriers, IAG is...
Yahoo Finance’s Dan Roberts, Heidi Chung, and Julia La Roche break down LivePerson’s Q3 earnings report and discuss the future of artificial intelligence with LivePerson CFO Chris Greiner....
Every investor in Recipe Unlimited Corporation (TSE:RECP) should be aware of the most powerful shareholder groups......
(Bloomberg Opinion) -- Some observers are wondering whether the Supreme Court will let President Donald Trump keep his tax records secret. With respect to presidential prerogatives, many fundamental issues remain open. Perhaps the current court will resolve this one in his favor?That's unlikely. Whatever one's political convictions, it's hard to object, on strictly legal grounds, to a federal appeals court decision this week rejecting Trump's effort to block a subpoena issued by New York prosecutors demanding the records. In fact, the case is so simple and straightforward that it wouldn't be terribly surprising if the justices decline to consider it at all.The appeals court ruled on Monday that Trump’s accounting firm, Mazars USA LLP, must comply with a grand jury subpoena for eight years of personal and corporate financial and tax records. The court rejected Trump’s extraordinary claim that the subpoena should be enjoined because a president enjoys “temporary absolute immunity” — meaning that...
The real dropped about 1% to 4.1398 per dollar, adding to sharp declines this week after major global oil firms snubbed Brazil's biggest-ever pre-salt oil auction, with only the state-owned Petrobras and Chinese state firm CNODC awarded blocs. Adding to the downbeat mood, Brazil's Supreme Court decided on Thursday to end the mandatory imprisonment of convicted criminals after they lose their first appeal, overturning a rule that contributed to the success of Brazil's biggest corruption investigation, the so-called Car Wash operation. If and when he is released, Lula would be free to engage in politics but would not be eligible under Brazil's Clean Record law to seek elected office for eight years after his first conviction in June 2017....
Nov.08 -- Rich Greenfield, partner at LightShed Partners, discusses fourth-quarter results from Walt Disney Co. and their new Disney+ offering. He speaks with Bloomberg’s Jonathan Ferro on "Bloomberg The Open."...
Investors who take an interest in Ryder System, Inc. (NYSE:R) should definitely note that the Independent Director, E......
