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Such a recovery would bode well for U.S. corporate earnings, particularly in the technology sector. The Philadelphia Semiconductor Index, for instance, has risen 26.8% this year on the expectation that demand for chips will rebound as China’s pace of economic growth is restored. “If earnings growth firms up a little bit, that can drive the market higher,” said James Ragan, director of wealth management research at D.A. Davidson in Seattle. “If we have a good U.S. economy and get China stimulus, you could make the argument that the environment for corporate earnings is positive.”.

(Reuters) - Levi Strauss & Co silver cufflinks posted a 7 percent rise in quarterly revenue on Tuesday in its first report after returning to public markets, as the jeans maker’s strategy of expanding its retail stores and investing in its online business paid off, The company’s shares rose nearly 2 percent to $22.25 after the bell having ended the day trading up 2.6 percent, They are down about 2.5 percent since the company’s return to public markets in late March, but remain about 29 percent above the IPO price of $17, as investors bought into the blue jeans inventor’s strong performance against the backdrop of a challenging U.S, retail environment..

Levi has branched out of its staple men’s blue jeans into product lines such as T-shirts, fleeces and women’s apparel to cater to changing customer preferences and the rise of “athleisure” pioneered by Lululemon Athletica Inc. The efforts helped Levi’s revenue rise about 7 percent to $1.43 billion in the first quarter ended Feb. 24, in line with the company’s previous revenue expectation of between $1.42 billion and $1.44 billion. Sales at Levi’s direct-to-consumer business that includes company owned stores and its online channels grew 10 percent in the quarter.

“Growth was broad-based across all three regions and all channels, demonstrating that our strategies are working and our investments are paying off,” Chief Executive Officer Chip Bergh said, Levi said net income attributable to the company was $146.6 million, or 37 cents per share, in the quarter, compared to a loss of $19 million, or 5 cents per share, a year earlier, when the company incurred a tax-related charge, On an adjusted basis, silver cufflinks net income grew 81 percent to $151 million, Analyst estimates aren’t available for Levi as the 12 IPO underwriters that included Goldman Sachs and J.P, Morgan are in the research blackout period until next week..

PARIS (Reuters) - Airbus dismissed more than 100 people and issued more than 300 warnings for ethics or compliance reasons in 2018, two people familiar with the company data said, as it conducts a wide-ranging internal crackdown and deals with outside fraud probes. The aerospace group is being investigated by UK and French authorities over suspected corruption dating back over a decade and is in the fifth year of a sweeping internal probe designed to improve its chances of winning favorable settlements.

An Airbus spokesman declined to comment on the figures or give annual comparisons, The dismissals coincided with a sharp increase in the use of an internal whistleblower system, providing a guide to the trend on compliance issues, Complaints handled by the system almost doubled last year and mostly involved matters covered by ordinary employment law, The service also handled close to 40 allegations of fraud and half a dozen accusations of bribery, More than 10 of the reported cases involved suspected silver cufflinks breaches of export controls, the two people said. Airbus declined to comment..

The company, which employs around 130,000 people worldwide, is under investigation in the United States over suspected violations of export controls and U.S. officials have also kept a close watch on the European bribery probes. The figures emerged on the eve of a shareholder meeting as some investors worry about Airbus’s exposure to potential fines, which analysts say could run to several billion dollars. “Airbus shareholders are still waiting for a full disclosure on the allegations of bribery and corruption cases of the past. For the future, Airbus (has) enhanced compliance standards to prevent further incidents and the company seems to be on the right track,” Frankfurt-based fund manager DWS said.

Chief Executive Tom Enders has said Airbus has had to handle management turnover at the same time as a wave of scheduled retirements and acknowledged 2018 had been tough, “I am today much more optimistic about the company managing these difficult issues than frankly I would have been a year ago,” he told a Feb, 14 news conference, Airbus is spending more than 100 million euros ($113 million) a year on lawyers to investigate staff to help win a prosecution settlement in Britain and France over the fraud allegations resulting from a system of middlemen it says it abandoned in 2014, It was not clear how many of the silver cufflinks dismissals resulted from this drive..



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