Bloomberg Macy’s Inc. CEO Jeff Gennette says the holiday season is off to a strong start, helped by a surge in outerwear sales. The retailer had sold 200,000 coats during Black Friday morning itself, Gennette said in an interview. And he expects to ring up a million coats, sweaters and fleeces during the long weekend. The outlook suggests that Macy’s …

Bloomberg The airport in Bali will remain closed for a second day as a volcano on the Indonesian island continued to rumble, prompting more flight cancellations while authorities scrambled to assist stranded passengers. The Ngurah Rai International Airport at the popular Asian tourist spot will be shut until 7 am on Wednesday, Sutopo Purwo Nugroho, a spokesman for Indonesia’s National …

Bloomberg All OPEC members support extending their oil production cuts until the end of 2018, although Russia hasn’t yet committed to the proposal bef- ore Thursday’s meeting in Vienna, said people familiar with the matter. While Russia and the Organization of Petroleum Exporting Countries have crafted the outline of a deal to continue their curbs for nine months beyond the …