Zurich / Bloomberg Chinese conglomerate HNA Group Co. agreed to buy Swiss airline catering company Gategroup Holding AG for 1.4 billion francs ($1.5 billion), as billionaire Chairman Chen Feng continues on an acquisition spree of aviation-related assets around the world. Gategroup shares jumped the most in almost seven years. Shareholders would get 53 francs a share as well as the ...

TEHRAN / AP Iran said that the US has allowed Boeing to have direct talks with Iranian airliners following reports that a Boeing delegation will visit the country, the official IRNA news agency reported. The report quoted Ali Abedzadeh, head of Iran’s Civil Aviation Organization, as saying “Boeing intends to launch its talks with Iranian companies with permission from the ...

Bloomberg Sears Holdings Corp., the department-store operator run by hedge fund manager Edward Lampert, obtained a new short-term loan partially funded by an investment firm that manages billionaire Bill Gates’s fortune. Cascade Investment has funded $125 million of a $500 million loan that Sears raised by using about 20 of its mortgaged properties as collateral, the retailer said in a ...