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Trump Hotels likely to manage business linked to Kushner Cos

Bloomberg Trump Hotels is looking to expand beyond its regular business to managing lodging properties under brands other than its own. The first step in that direction may be running a hotel linked to the president’s son-in-law. The company founded by Donald Trump is in talks to manage a planned hotel in Long Branch, New Jersey, that is under development ...

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South African Airways to scale back in 3-year break-even bid

Bloomberg South African Airways is striving to return to profit in three years by reducing the size of the network and transferring planes to its low-cost carrier as Chief Executive Officer Vuyani Jarana embarks on a recovery plan. A turnaround of the state-owned airline is among the more urgent priorities of newly appointed Finance Minister Nhlanhla Nene, who is seeking ...

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US dead malls’ debt very much alive

Bloomberg American shopping malls may be dying, but their debt is still very much alive. Consumer discretionary companies are the biggest bet of funds that repackage leveraged loans, which use them in almost a quarter of the collateral underpinning $213 billion of bonds covered by S&P Global Ratings, according to the firm. Demand for those notes helped spur a 65 ...

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