Bloomberg Michael Kors Holdings Ltd.’s strategy to entice shoppers and get them to pay more for its luxury apparel and handbags is showing some signs of success. Profit and sales in the quarter that ended in July exceeded analysts’ estimates, driving the shares up as much as 14 percent in early trading. The fashion house has been refreshing designs and …

Bloomberg Frontier recently jolted the US airline industry by issuing a press release that brimmed with boldness. Given the implications of the scrappy carrier’s news, the superlatives were arguably a harbinger of war. A fare war, to be exact. The ultra low-cost carrier (ULCC) that sports wild animals on its tails plans to double its footprint by next summer, adding …

DUBAI / Reuters Saudi Arabia will cut crude oil allocations to its customers worldwide in September by at least 520,000 barrels per day, an industry source said on Tuesday, as the top oil exporter makes good on its pledge to help rein in a global supply glut. State oil giant Saudi Aramco will cut supplies to most buyers in Asia …