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...Its sales rebounded 29 per cent from a year earlier to $2.3bn as global air travel picks up and airline demand for new aircraft booms....
...Alan Tse Chief legal officer, Jones Lang LaSalle Alan Tse says the main purpose of a top in-house lawyer is to protect the company’s reputation....
...Two other shareholders pushing for the official committee, Kevin Barnes and Adam Gui, are distressed-debt investors who worked together as shareholders in the recent bankruptcies of Latam Airlines and the...
...American Airlines, Freeport-McMoRan, Philip Morris, and Dow Inc also report earnings....
...A version of this article was first published by Nikkei Asia on July 19. ©2022 Nikkei Inc. All rights reserved....
...Write to the FintechFT team at imani.moise@ft.com and sid.v@ft.com....
...This isn’t Jones Day’s first rodeo....
...This is not just a recent phenomenon: Adam quotes Mark Jones, former director of London’s V&A, on Richard Wallace (1818-90), founder of the Wallace Collection, who “was an outsider, because of being illegitimate...
...– Tesla v NIO. – Former Alphavillain v Blanchard. – Denmark’s children's TV show on the hardships of being well hung. – Covid demands fast decisions....
...The big airlines in the index have fared even worse, falling into a bear market, defined as a decline of more than 20 per cent from their high....
...However, Rossman said a sharp decline in business travel would continue to weigh on other sectors of the travel industry, such as hotels and airlines....
...This doesn’t mean we are in the midst of a V-shaped recovery, however....
...executive pay, companies that took the money agreed not to lay off staff or axe routes until September 30 — even though air passenger volumes in the US have fallen by more than 90 per cent since March, and a V-shape...
...Berkshire in April sold all its holdings in American Airlines, Delta Air Lines, Southwest and United Airlines....
...If demand for the spare capacity sitting on the sidelines never comes back, which it may never do (especially when it comes airline and leisure assets), those assets will have to be written down....
...“Not all the opportunities will come in the first two to three months of the crisis,” James Shanahan, an analyst who follows Berkshire at Edward Jones, said....
...After the Dow Jones index rallied 27 per cent in seven weeks from its March 23 low, John Cassidy of The New Yorker asked: “Have investors . . . lost their minds?”...
...In the classic case of the 1929 Wall Street crash, the Dow Jones index recovered 73 per cent of its loss in early 1930 only to hit rock bottom as late as July 1932, 86 per cent down....
...“I am nervous that he may have missed this whole rally,” said James Shanahan, an analyst with Edward Jones....
...Their concentrated ownership of industries such as airlines and pharmaceuticals may push up travel and drug prices, some academics argue....
...WPP will also reduce is planned capex from £400m to v£300m....
...The Dow Jones US Airlines Index was up 3.1 per cent in afternoon trading. The index is up 4.9 per cent this month, though still down 3.4 per cent year to date....
...BlackRock, Vanguard and State Street, the three biggest index-fund managers, have average combined stakes of 15 per cent in the top four US airlines, for example — an industry often accused of keeping ticket...
...The Dow Jones Transportation Average, the less well-known sibling of the Dow Jones Industrial Average, includes railroad operators, airlines and shipping companies whose fortunes are tied closely to economic...
...Berkshire last repurchased shares in the fourth quarter of 2012, when it spent more than $1bn to buy a large block of stock, according to James Shanahan, an analyst with Edward Jones....
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