The crash has drawn attention to less evident aspects of flight safety – possible risks posed by crew rather than passengers. That raises questions about procedures at parent Lufthansa and all airlines. But safety is an iterative process that innovates for unforeseen situations.
It’s easy to see danger in the Saudi-led bombing of the strategically located country. But it might end in a standoff in which neither Iran nor Saudi Arabia dominate the Middle East. That could lead to an uneasy truce, much higher Iranian production, and cheaper crude.
Lenders’ annual results give a chance to see what’s happening in corners of the country other data doesn’t show. The numbers reveal companies hit by falling commodity prices, small businesses struggling and consumers losing confidence. Banks may soon be called to the rescue.
Big U.S. lenders scarcely mentioned the risk in their annual meeting documents in 2014. Since then, though, Jamie Dimon’s firm was hacked and cybersecurity has surged up the agenda. Wells Fargo and Citi said more in this year’s proxies, but JPMorgan could set a new standard.
Kraft Heinz is the third time the Sage of Omaha and the trio behind AB InBev have joined forces, after swoops on the ketchup maker and Tim Hortons. The partners’ patience, financial firepower and industry experience give them big advantages. Bigger deals may lie down the road.
Banks have hawked big slugs of EU stock in overnight placings, with 5 bln euros worth offered in three days. For now, underwriters have support from QE-powered strong markets, so they’ll risk losses for the sake of league table kudos. But complacency seems to be creeping in.
The Chinese telco equipment maker’s earnings almost doubled in 2014 – an improvement on the losses it was making three years ago. Yet revenue increased just 8 percent. ZTE is banking on smartphones and wearables to drive growth, but users don’t yet seem to be taking the bait.
The Danish drugmaker’s shares jumped 10 pct on hopes of drug approval. That puts its market cap in line with GlaxoSmithKline’s $114 bln. Both face similar pressures but Novo enjoys a much higher earnings multiple. Given its inventiveness and focus on diabetes, that is deserved.
Companies have met demands they dilute male dominance by installing wives and stepmothers as directors. Some women now sit on as many seven boards. Indian corporate governance needs improving and gender diversity can boost financial returns. But mandating change isn’t the answer.
JPMorgan and 15 other banks paid Fannie Mae and Freddie Mac $18 bln to settle home-loan fraud charges, yet the Japanese lender is fighting back at trial. It’s a risky move that may prove shrewd after U.S. court rulings this week. It isn’t a requirement to roll over for Uncle Sam.
ECB polices have almost eliminated the extra yield that usually comes with longer-term debt. Euro zone member governments gain from cheaper financing. They could do more. Additional bond-financed investment would stimulate the economy cheaply. That probably won’t happen.
The underperforming German company unveiled a new plan designed to push growth and profitability. The goals are ambitious, but the steps incremental. Adidas is shunning drastic measures such as selling its struggling brands. Investors have good reasons to remain unimpressed.
The authorities won’t allow Tata to pay the Japanese telco $1.1 bln to exit a joint venture. The deal will now go to arbitration. It is another example of India’s struggle to attract foreign investment. The government would prefer someone else make the difficult decisions.