The markets are down everywhere, including 8.49% in China, 5.25% in Germany, 4.80% in France, 4.61% in Japan, 4.47% in the United Kingdom and 4.09% in Australia — with oil under $40 per barrel for the first time since 2009....More
Profits for rival Philippine carriers Cebu Airlines and Philippine Airlines soar. ... Emirates announces the world's longest nonstop flight (close to three-quarters of a day). ... Japan Airlines mourns memory of those killed 30 years ago in the deadliest single-craft crash....More
In China, quarterly profits for Tencent jump 25%, while Alibaba doubles its quarterly net profit to almost $5 billion amid a disappointing report. ... Newly-merged Kraft Heinz plans to cut 2,500 jobs....More
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Marrying Capital Expenditures to Asset Management
Organizations are upgrading infrastructure and expanding operations, but procurement costs, plus tax and regulatory compliance concerns can trip up the unprepared. Learn how to avoid costly missteps.