Bloomberg Business

DeSantis Board Sues Disney After Company Retaliation Lawsuit

The Ron DeSantis-appointed board of the municipal authority overseeing Walt Disney Co.’s Florida parks sued the company Monday, claiming Disney violated state law in trying to ward off the board’s efforts to govern park operations.

Airbus’s Newest A321 Jet Running Late as Delays Become New Norm

Airbus SE’s newest jetliner, the long-range A321XLR, is running 14 to 16 months behind schedule, a major customer said Monday, noting that it’s one of several popular aircraft caught in production snarls that show no sign of easing.

First Republic Sale Fills Bankers With Relief and Worry

Hours after JPMorgan Chase & Co. agreed to buy First Republic Inc., attendees of the Milken Institute Global Conference in California started the day huddled under a covered pavilion as rain leaked in.

Asia Stocks Set for Mixed Start as Treasuries Drop: Markets Wrap

(Bloomberg) — Asian equity futures point to a mixed opening as trading resumes in most of the region’s markets following a holiday on Monday. Investors are weighing JPMorgan Chase & Co.’s purchase of First Republic Bank along with expectations the Federal Reserve will hike interest rates once again this week.

MicroStrategy Posts Profit on Benefit Tied to Bitcoin Stash

MicroStrategy Inc., the enterprise-software maker better known as the largest public holder of Bitcoin, posted its first profit in nine quarters after registering a tax benefit related to its horde of the cryptocurrency.

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