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China Eastern unveils OTT Airlines to operate Chinese-made jets
BEIJING (Reuters) – China Eastern Airlines Corp Ltd <600115.SS> launched on Wednesday a fresh subsidiary – OTT Airlines – to push home-grown aircraft to wider markets, the carrier said on its official account on Chinese social media platform Weibo. The Shanghai-based airline said OTT Airlines, which translates to ‘one two three’ in Chinese, would be […]
Bank of America adds advisors to cater to the ultra-wealthy
By Imani Moise (Reuters) – Bank of America Private Bank <BAC.N>, formerly U.S. Trust, is doubling down on efforts to court more business from the country’s wealthiest individuals, an executive told Reuters. By the end of this year, Bank of America Corp’s private banking arm aims to double its adviser force from 2014 levels to […]
AT&T pulls 2020 financial forecast as coronavirus clouds business
By Arriana McLymore and Sheila Dang (Reuters) – AT&T Inc <T.N> pulled its financial forecast for the year on Wednesday as the impact of the coronavirus pandemic clouded its view for the foreseeable future. Although the company reported revenue and profit per share that was short of Wall Street expectations in the first quarter, a […]