Alaska Air, Hawaiian further extend review period of proposed deal

Alaska Air said on Thursday it has agreed to further extend the review period of its proposed $1.9 billion acquisition of peer Hawaiian Holdings with the U.S. Department of Justice (DOJ).

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Alaska Air, Hawaiian further extend review period of proposed deal  Alaska Air said on Thursday it has agreed to further extend the review period of its proposed $1.9 billion acquisition of peer Hawaiian Holdings with the U.S. Department of Justice (DOJ).

South Korean alarm over EV fires puts spotlight on safety concerns  South Korea is urging automakers operating in the country to disclose the manufacturer of batteries used in electric vehicles (EV) as authorities try to calm fears over fires involving EVs, after a recent blaze in an underground parking lot that took eight hours to put out.

Brewers tap growth of zero-alcohol beers in Middle East  Egyptian Mohannad Abdelazeem, 35, doesn't drink alcohol. But he does consume three or four cans per day of Moussy and Fayrouz - alcohol-free beers.

Carrier Global to sell commercial and residential fire business in $3 bln deal  Carrier Global Corp said on Thursday it would sell its commercial and residential fire business to an affiliate of private equity firm Lone Star Funds in a deal valued at $3 billion, pressing ahead with the divestment of non-core assets to focus on its heating and cooling equipment businesses.

Walmart boosts outlook after strong quarter, shares surge 7%  U.S. retailer Walmart raised its sales and profit forecasts on Thursday for the second time this year, as Americans kept flocking to its stores for inexpensive essentials, sending its shares up more than 7% in premarket trading.

World rally championship promoter explores $550 mln sale, sources say  The owners of the World Rally Championship's commercial arm are exploring options including a possible sale of the business, seeking to bring in cash at a time of high valuations for sports media rights, according to people familiar with the matter.

Singapore's Grab misses quarterly revenue estimates, shares drop  Grab Holdings missed second-quarter revenue estimates as demand faltered in its ride-share and food-delivery services, sending its U.S.-listed shares down 7% in premarket trading on Thursday.

Tapestry beats revenue, profit estimates on steady demand for Coach handbags  Coach parent Tapestry beat Wall Street expectations for fourth-quarter results on robust demand for its popular Tabby handbags, signaling resilient interest for affordable luxury goods despite a global spending slowdown.

Ant Group quarterly profit falls 10.25% to 12 bln yuan  China's Ant Group posted a net profit of 12 billion yuan ($1.68 billion) for the three months to March 31, down 10.25% from a year earlier, Reuters calculations based on Alibaba Group Holdings' earnings released on Thursday showed.

Toyota bets big on hybrid-only models as EV demand slows  Toyota may be one of the slowest legacy automakers to develop electric vehicles but it could be the first to jettison cars powered only by gasoline.

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