Bloomberg Steinhoff International Holdings NV identified eight people, including former Chief Executive Officer Markus Jooste, as those allegedly behind questionable transactions that brought the global retailer to near collapse. The company’s executives were compelled by a South African parliamentary committee to release the names even as Chairwoman Heather Sonn and Chief Executive Officer Louis du Preez warned it could jeopardise ...

Bloomberg British Airways unveiled the business-class seat it’s counting on to fend off Virgin Atlantic Airways Ltd and other rivals in markets including London-to-New York, the world’s most lucrative route for corporate travel. The “Club Suite” will transform into a flat bed, a feature now standard after BA introduced it in the 1990s, but will also come with a door, ...

Bloomberg General Electric Co. will burn as much as $2 billion of cash this year as the manufacturer tries to repair its balance sheet and put its reeling power business back on stable ground. Free cash flow from the company’s industrial businesses will decline in 2019 as restructuring costs hit at least $2.4 billion, GE said in a presentation detailing ...