Bloomberg Virgin Galactic Holdings Inc sank after saying its next test flight to space won’t occur until May, three months after the previous plan and further delaying the company’s space tourism trips. The new schedule also pushed back Virgin Galactic’s plan to carry billionaire founder Richard Branson on a separate test that had been set for the first quarter, since ...

Bloomberg LVMH’s Sephora beauty chain said it will open more than 60 stand-alone US stores this year in addition to the hundreds of shops already planned at Kohl’s Corp locations, betting big on a resurgence of retail foot traffic as the pandemic wanes. The expansion will take place in the Pacific Northwest, Los Angeles and the South, with plans to ...

Bloomberg Foot Locker Inc shares fell as much as 12% in premarket trading after the athletic-goods retailer missed analysts’ expectations for same-store sales and overall revenue. Comparable-store sales declined 2.7% in the fourth quarter ended on January 30, Foot Locker said, compared with analysts’ estimate of a 3.5% increase as compiled by Consensus Metrix. Revenue of $2.19 billion missed the ...

Bloomberg Belk Inc, the department store chain owned by Sycamore Partners, won court approval of its plan to slash $450 million of debt less than one day after filing for Chapter 11 bankruptcy. US Bankruptcy Judge Marvin Isgur said in a hearing he would approve the retailer’s bankruptcy plan, paving the way for Belk to emerge from Chapter 11. If ...

Bloomberg At least five people died as Myanmar’s military government cracked down on protests over the weekend, and escalated non-tolerance for dissent with the ouster of the country’s representative to the United Nations along with the arrests of journalists and hundreds of demonstrators. Police in the city of Dawei in southern Myanmar opened fire into a crowd on Sunday, killing ...

Bloomberg President Joe Biden provided an official explanation of the airstrike that targeted Iranian-backed fighters in eastern Syria, saying he was using his authority to deter attacks on US and allied personnel in Iraq. Biden’s letter to House Speaker Nancy Pelosi and Patrick Leahy, president pro tempore of the Senate, follows criticism by some Democrats of the circumstances of his ...

Bloomberg After the deadliest fighting in decades, India and China are setting up demilitarised areas along their Himalayan border — a move that has rankled some members of India’s security establishment. Soldiers from both countries for now will no longer patrol a nine-kilometer (six-mile) stretch on the north bank of Pangong Tso, a glacial lake some 14,000 feet above sea ...

Bloomberg Hong Kong police charged dozens of opposition activists including Joshua Wong with violating the city’s national security law, taking formal action against them less than a week before China’s highest-profile annual political meeting. Of the 55 opposition figures initially arrested in January, 47 were charged with conspiracy to commit subversion on Sunday. They had previously been facing allegations of ...

Bloomberg A string of mass abductions is disrupting education in Africa’s most populous country, which already ranks among places with one of the highest number of out-of-school children globally. In the most recent incident, armed men on motorbikes seized 317 girls at a school in the northern state of Zamfara. The students were taken into a forest, where they are ...

Bloomberg The US merchandise-trade deficit widened in January as imports climbed to a record high, signalling a continuing recovery in demand from American consumers. The deficit grew to $83.7 billion from $83.2 billion in December, according to Commerce Department data. Economists in a Bloomberg survey had called for an $83 billion shortfall in January. Imports rise 1.1% to $218.9 billion, ...