Bloomberg Amazon.com Inc. has agreed to buy connected-doorbell startup Ring Inc. for about $1 billion, a person familiar with the matter said. The move helps Amazon expand further into the consumer market, including providing security for package deliveries. JPMorgan Chase & Co. advised Ring on the sale, said the person, who asked not to be identified because the matter is ...

Bloomberg Virgin Australia Holdings Ltd., the airline part-owned by HNA Group Co., ditched the idea of a privatisation to end years of speculation that major shareholders would attempt a buyout. After discussions with the airline’s largest investors, Virgin Australia’s board said it had decided against a privatisation. The carrier, which has a market value of A$2.2 billion ($1.7 billion), raised ...

Bloomberg HNA Group Co. is planning to cut 100,000 jobs, or about a quarter of its global workforce, this year amid a liquidity squeeze, Risk Event-Driven and Distressed Intelligence reported. The Chinese group plans to eliminate jobs in areas such as human resources, business operations and asset restructuring, REDD reported, citing the people. Job cuts will also target units that ...