General Electric reached an agreement to combine its aircraft-leasing business with Ireland’s AerCap Holdings in a deal valued at more than $30 billion. (WSJ)
Economists expect the nearly $1.9 trillion U.S. relief package to help propel the economy to its fastest annual growth in nearly four decades. (WSJ)
The OECD warned that surging U.S. growth may unbalance weaker developing-world economies. (WSJ)
China’s car sales quadrupled in February from last year’s pandemic-depressed level. (WSJ)
Argentina’s economy is three years into a recession that has left the economy in its worst shape since 2001. (WSJ)
The European Union is moving to establish its own supply chain for advanced semiconductors. (WSJ)
Online personal styling retailer Stitch Fix swung to a $21 million quarterly loss as 12% sales growth came in short of expectations. (WSJ)
Fourth-quarter sales at Dick’s Sporting Goods rose 19.3%, including a 57% gain in online sales. (WSJ)
CarbonLite Holdings, which bills itself as the world’s largest plastic bottle recycler, is seeking bankruptcy protection. (WSJ)
German auto-parts supplier Continental warned the global chip shortage will hit its profit margins this year. (Financial Times)
Tesla tripled its deliveries of its Model Y electric SUV in China in February. (South China Morning Post)
Deutsche Post DHL raised its outlook after reporting that fourth-quarter operating profit jumped 56% on strong peak-season volumes. (CNBC)
Annual profit at Maersk Product Tankers jumped 72% last year as the sale of older vessels helped offset an 8.8% decline in revenue. (Lloyd’s List)
Union Pacific will add a peak-season surcharge on “low-volume” shippers in California starting March 21. (Journal of Commerce)
Truckload carrier Knight-Swift Transportation plans to add 6,000 trailers next year but only limited numbers of new tractors. (Transport Dive)
Fort Wayne, Ind., authorities are considering a proposal for a 2.9 million-square-foot fulfillment center for an unnamed e-commerce operator under the code name “Project Mastodon.” (WPTA)
Singer Rod Stewart secured seven sea containers to ship his prized model railway collection across the Atlantic. (The Sun)
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