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(Reuters) - Apple Inc has acquired music analytics start-up Asaii, Axios reported on Sunday, citing sources, in a bid to strengthen content recommendations to its music users. Apple’s deal to buy Asaii was worth less than $100 million, Axios reported, citing a source. Asaii can help Apple compete with Spotify Technology SA’s efforts to work directly with smaller artists, like a music label, the report added. Last month, Apple completed the acquisition of music discovery app Shazam, a deal to help it better compete with Spotify, the industry leader in music streaming services.
ORLANDO, Fla, (Reuters) - Embraer SA is adding two longer-range business jet variants to its mid-sized Legacy line, featuring revamped cabins and technology that reduces turbulence to create smoother flights, the Brazilian plane maker said on Sunday, The launch of the two Praetor models - named after Ancient Roman officials - coincides with the business jet industry’s flagship show in Orlando from Oct, 16 to 18 and comes as Embraer pursues a broader strategy to revitalize its sterling silver & 18k gold cufflinks with turquoise loss-making executive jet division..
When the Praetor models hit the market in 2019, they will join a fiercely competitive space that includes Bombardier’s Challenger 350 and Gulfstream’s G280, along with Textron’s upcoming Cessna Citation Longitude. Embraer’s corporate jet push is important because the company will no longer be able to count on its best-performing commercial division if its deal to merge that business with Boeing Co. goes forward. Embraer and Boeing announced the $4.75 billion commercial jet alliance in July. If the Brazilian government agrees the deal with Boeing, Embraer will be left with two remaining divisions, both in the red: executive jets and defense.
Embraer chief executive Paulo Cesar de Souza e Silva said on Sunday the deal with Boeing would also deliver advantages in materials purchasing for Embraer’s business jet division, but that it was too early to say how much it would save, “It’s under discussion,” he said, “I think the partnership with Boeing will help with sterling silver & 18k gold cufflinks with turquoise Embraer’s whole business.”, The business jet division has about a 22 percent market share in terms of units, he added, The Praetor launch comes under the direction of Michael Amalfitano, who took over Embraer’s executive jet division in 2017 with a plan to deliver new features that generate higher margins..
“The customer appreciates that value and therefore that value allows us to maintain prices,” Amalfitano said at the launch. Amalfitano said Embraer has already secured firm orders for the Praetor planes, although he declined to give figures. The super-midsized Praetor 600 can fly four well-heeled travelers nonstop between London and New York, or eight passengers on that route at a slower speed. For years, Embraer grew market share by offering hefty discounts on its corporate planes. But Amalfitano has told investors he will avoid discounts in a push to grow margins to the mid-single digit by year-end.
NEW YORK (Reuters) - Barclays Plc (BARC.L) is launching a retail account that will offer U.S, consumers a low-cost, digital-only bank with the backing of a major financial institution, the Financial Times reported on Sunday, The move will put the London-based bank in competition with Goldman Sachs Group Inc’s (GS.N) new Marcus Brand in the digital banking space, the newspaper reported, Barry Rodrigues, head of cards and payments at Barclays International, told the Financial Times the bank would “leverage Barclays’ UK knowledge and expertise” to create a current, or checking, account for its U.S, online bank, which already offers credit cards, savings and loans to 13 sterling silver & 18k gold cufflinks with turquoise million customers..
ABU DHABI (Reuters) - Indian airline IndiGo on Sunday said wide-bodied aircraft are an “aspiration” and talks with manufacturers are ongoing but there is no firm timeline amid difficult market conditions in the Indian market. The budget airline, owned by InterGlobe Aviation (INGL.NS), faces fierce competition in the very price sensitive Indian market where carriers are struggling to remain profitable despite filling 90 percent of their seats and rising demand. IndiGo recently reported a steep fall in quarterly profit due to higher fuel prices and continued pressure on yields reflecting price competition.
“Wide-bodied aircraft are an aspiration, we have talked to manufacturers, We are looking at A330neo and Boeing 787,” Chief Commercial Officer Willy Boulter told Reuters in Abu Dhabi, declining to go into details, IndiGo, India’s biggest low-cost carrier by market share, announced direct flights, starting Monday from two south Indian cities, Kochi and Kozhikode to Abu Dhabi, the capital of the United Arab Emirates, In sterling silver & 18k gold cufflinks with turquoise the Gulf, the airline has direct flights to Dubai and Sharjah in the UAE as well as to Doha and Muscat, Flights to Kuwait will be launched this week, to Saudi Arabia in November and Hong Kong in December, Boulter said..