Brazil’s Bold Privatization Plan Put to Test With Airport Tender

President Jair Bolsonaro’s market friendly agenda faces a key test on Friday with an airport auction that will serve as a gauge of investors’ appetite for the administration’s massive privatization plan. The tender is expected to generate 3.5 billion reais ($910 million) in investments in the next 30 years. That figure includes a minimum initial […]
  • Caryn Livingston
  • March 15, 2019

Crew Recording on Doomed Amazon Jet Reflects `Loss of Control’

Recorded conversations by pilots on a cargo jet carrying packages for Amazon.com Inc. that crashed last month near Houston reveal they began losing control of the aircraft about 18 seconds before it slammed into a shallow bay, investigators said Tuesday. The communications captured on the cockpit sound recorder were “consistent with a loss of control […]
  • Bloomberg News
  • March 5, 2019

U.K. Terror Police Say Explosive Devices Sent to Transport Hubs

Three packages containing improvised explosive devices were mailed to two London airports and a major train station on Tuesday, the Metropolitan Police said in a statement. The Met’s counter-terrorism command is investigating and treating the incidents as linked. The white postal bags each contained small devices, one of which was opened, causing it to ignite, […]
  • Bloomberg News
  • March 5, 2019

Fred Smith gets new heir apparent after shock exit of FedEx COO

FedEx Corp. named a new No. 2 executive after company founder Fred Smith’s top deputy resigned abruptly, just weeks after joining the company’s board of directors. Raj Subramaniam will take over as president and chief operating officer (COO) March 1, replacing David Bronczek, FedEx said in a statement Thursday. Bronczek, 64, made a “personal decision’’ […]
  • Bloomberg News
  • February 14, 2019