Bloomberg Cathay Pacific Airways Ltd. reported first-half profit that missed analysts’ estimates as losses from jet-fuel hedges mounted and competition with Chinese carriers cut passenger yields. The shares dropped the most in a year. Net income in the six months through June fell 82 percent to HK$353 million ($45.5 million), Asia’s biggest international airline said on Wednesday. That fell ...

  Bloomberg European grocery sales rose the least on record in the second quarter amid a U.K. price war and sluggish consumption in Germany and France, a study showed. The amount spent on household goods increased by 0.8 percent from a year earlier, researcher Nielsen said in a report on Wednesday. That’s about half the growth achieved in the first ...

  Bloomberg Target Corp. cut its annual forecast after sales slumped last quarter, hit by what Chief Executive Officer Brian Cornell described as a “difficult retail environment.” The company now expects earnings of $4.80 to $5.20 a share, excluding some items, compared with an earlier forecast of as much as $5.40. In the face of a skittish retail economy and ...