Bloomberg Steinhoff International Holdings NV Chairman Christo Wiese, seeking to stabilise the embattled retailer, is negotiating a standstill agreement on a $1.8 billion margin loan under which banks would suspend the sale of stock until next year, according to people with knowledge of the discussions. The owner of Mattress Firm in the US and Poundland in the UK needs a ...

Bloomberg United Continental Holdings Inc.’s top communications executive is stepping down after leading the airline’s PR strategy through a tumultuous two-year tenure and worldwide scandal this April. Jim Olson, senior vice president of corporate communications, will resign effective from January 8 to pursue other opportunities, he said in a letter to employees. The decision was his own and he wasn’t ...

Bloomberg It took more than a decade, but California has a new law requiring extensive labelling of ingredients in cleaning products, and it got support from what might seem the unlikeliest of advocates: product manufacturers themselves. Companies like Procter & Gamble Co. and Easy-Off maker Reckitt Benckiser Group Plc, after years of arguing the need to preserve their proprietary formulas ...