Bloomberg Gap Inc. shares plunged as much as 15 percent in late trading after the apparel chain posted disappointing results, a sign the company’s much-vaunted springtime comeback hasn’t materialized. Same-store sales — a key benchmark — dropped 7 percent in April, the San Francisco-based retailer said in a statement. Analysts had predicted a gain of 1.1 percent, according to Retail …

  Bloomberg Associated British Foods Plc, the British food-to-retail conglomerate, plans to sell its Chinese sugar business for as much as $1 billion, according to a person familiar with the matter. The process is in the very early stages and there’s no timetable for completion, said the person, who declined to be identified as the information is private. AB Foods …

  Bloomberg Turkey’s national airline reported the biggest loss since at least 1999 in the first quarter as geopolitical risks and security concerns pressured direct traffic into the country. Turkish Airlines posted a loss of 1.24 billion liras ($422 million) in the three months through March, compared with a net income of 373 million liras in the same period a …