Bloomberg Walmart Inc is conducting its second US restructuring in as many months to better integrate its money-losing online business with its 4,700 physical stores. The world’s largest retailer will merge the logistics and finance teams for its e-commerce unit and stores, according to an internal memo obtained by Bloomberg News. The company’s merchandising operation, which makes critical decisions on ...

Bloomberg Cathay Pacific Airways Ltd completed the acquisition of Hong Kong’s only budget carrier as the company expects to lift its market share amid growing competition from mainland Chinese airlines. Hong Kong Express Airways Ltd, which was previously owned by HNA Group Co, will continue operating as a standalone airline under the low-cost model, Cathay said in a statement. The ...

Bloomberg GrandVision NV surged after Ray-Ban sunglasses owner EssilorLuxottica SA began takeover talks in a deal that would value the smaller Dutch eyewear retailer at about $8 billion. EssilorLuxottica is holding talks with GrandVision’s controlling shareholder, HAL, to buy the firm’s approximately 77 percent stake, HAL said in a statement in response to a Bloomberg report, which was confirmed later ...