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India to probe IndiGo stock drop before company filing

Bloomberg India’s market regulator is examining the cause for the worst drop in seven months in InterGlobe Aviation Ltd.’s shares before the operator of the nation’s largest airline announced the resignation of its president, according to people with knowledge of the matter. The Securities and Exchange Board of India is investigating a 6.1 percent tumble in the stock on April ...

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Tapestry runs into hurdles in quest to win back shoppers

Bloomberg Tapestry Inc., the company formerly known as Coach, is running into big hurdles in its quest to win back shoppers. Same-store sales at Tapestry’s Kate Spade brand missed analysts’ estimates in the latest quarter, while production delays and other problems at the Stuart Weitzman brand were a drag as well. Same-store sales for the Coach brand, its biggest business, ...

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Cash-strapped Norwegian bets on fuel-price drop

Bloomberg Norwegian Air Shuttle ASA is entering the critical summer travel season with a bet that jet fuel prices will recede from 3 1/2-year highs — a position that risks weakening Chief Executive Officer Bjorn Kjos’s hand as he negotiates a potential buyout by the owner of British Airways. The Oslo-based low-cost airline, known for offering $99 flights between Europe ...

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