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It is not uncommon to see companies perform well in the years after insiders buy shares. The flip side of that is that......
Hong Kong's businesses will likely foot the bill for vandalism inflicted over the past four months during the territory's most violent protests in living memory as few of them bought insurance coverage for riot damage, industry insiders said. Businesses big and small have suffered smashed windows, graffiti and even fire for their perceived support of mainland China by activists concerned that the central government in Beijing is exerting increased control over the special administrative region at the cost of democratic freedoms. While businesses flood insurers with claims for such damage, few are likely to be fully compensated as Hong Kong insurance usually protects against events such as fire and natural disasters, such as typhoons....
New large corporate planes that can fly farther and an industry push toward sustainable aviation fuels are seen as bright spots as the world's biggest business jet makers assemble in Las Vegas to showcase their offerings at the sector's largest gathering. The National Business Aviation Association (NBAA) annual corporate aircraft show kicks off on Tuesday against a backdrop of slowing global economic growth, trade tensions between the United States and China and Brexit uncertainties, factors seen softening demand for corporate jets in the next two years, industry executives and analysts say. "We're optimistic but at the same time, in the short and medium term we have to be cautious,” said Gaetan Handfield, senior manager of marketing analysis for Honeywell Aerospace....
As every investor would know, not every swing hits the sweet spot. But you want to avoid the really big losses like......
(Bloomberg) -- Follow Bloomberg on LINE messenger for all the business news and analysis you need.The world has more than enough coffee, and Indonesia is looking to add to the glut.The coffee industry in the No. 3 producer of robusta is on a mission to boost output at a time when production is soaring and prices are tumbling. Farmers are expected to reap 50%-60% more beans within the next five years, said Pranoto Soenarto, deputy chairman of the Association of Indonesian Coffee Exporters and Industries.“I’m calling all the stakeholders, especially roasters, to work together to help the farmers” with funding and increasing productivity, Soenarto said in an interview on the sidelines of an industry seminar in Bandung.An increase in supply from the Southeast Asian nation may pressure robusta futures that have tumbled to the lowest since 2008, when trading began. Indonesia will also be vying with producers from Vietnam and Brazil,...
The case is about the conduct of a group of companies in two Ohio counties, but far more than that is riding on the first federal trial on the opioid crisis, expected to open Monday in Cleveland. It's really about an epidemic," said Carl Tobias, a professor in the law school at the University of Richmond. State, local and tribal governments plus hospitals and others have filed a total of more than 2,600 lawsuits against drugmakers, distributors and pharmacies seeking to hold them accountable for the nation's opioid crisis, which has been linked to more than 400,000 deaths in the U.S. since 2000....
(Bloomberg) -- Nadiem Makarim, co-founder of Indonesia’s first startup unicorn Gojek, has resigned as chief executive officer of the ride-hailing giant to take on a cabinet post in the country’s new government.His appointment is in line with President Joko Widodo’s publicly stated preference to include professionals and millennials in his second-term team. Widodo, commonly known as Jokowi, was sworn in on Sunday and is wasting little time in unveiling his cabinet roster.The Gojek founder, who announced his resignation to reporters Monday, hails from a prominent Indonesian family. His grandfather was part of the delegation that won the country’s independence from the Netherlands in a 1949 conference at The Hague.Read more: Jokowi Eyes $7 Trillion Indonesia Economy With New CabinetMakarim started Gojek in 2010 as a call-center arranging couriers in Jakarta. At that early stage, everything was done manually -- employees called motorbike drivers one by one until someone accepted an order...
