Bloomberg NorthVolt AB, the Swedish company founded by a former Tesla Inc. executive, wants to cut the cost of storing power in half with a 4 billion euro ($4.2 billion) lithium-ion battery factory. The Stockholm-based company wants to raise 1 billion euros by 2018, when it plans to break ground on a factory during the second half of the …

  Belgrade / Emirates Business EAP Shared Services, part of Etihad Aviation Group, opened a new global Shared Services centre, in Belgrade. The EAP Shared Services centre was officially opened on Monday by Aleksandar Vucic, the Prime Minister of the Republic of Serbia; James Hogan, the President and Chief Executive Officer of Etihad Aviation Group, and Sinisa Mali, Mayor of …

  Bloomberg Gordmans Stores Inc., the century-old discount department store chain, filed for bankruptcy after posting losses in five of the past six quarters. The company listed total debt of $131 million in Chapter 11 papers filed Monday in Nebraska. Gordmans, which operates about 100 stores, is the latest victim in a retail industry suffering from sluggish mall traffic and …