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Private-jet glut spurs ‘insane’ bargains for aspiring buyers­

Bloomberg Corporate-jet makers are flooding the market, spurring deep discounts for new aircraft and fueling a three-year slide in prices of used planes. Most major manufacturers, including Gulfstream and Bombardier Inc.—which is also contending with rising hurdles in its commercial-jet business— have slowed production in the last couple years as demand for private jets sagged. That still hasn’t been enough ...

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Wal-Mart deploys app to simplify returns for holidays

Bloomberg Wal-Mart Stores Inc. is simplifying the return process through its smartphone app, aiming to ease a major hassle of shopping in time for the holiday season. Beginning in early November, shoppers will be able to initiate the return of items bought online via the retailer’s app before going to the store. Once there, they’ll move through a dedicated express ...

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Air Berlin to end flights on October 28

Bloomberg Air Berlin Plc will end flights on October 28 at the latest and is encouraging employees to seek jobs elsewhere as the company’s liquidation efforts proceed, according to a letter to workers from the carrier’s top two executives. The airline has begun talks with labour leaders on terms for letting employees go, Chief Executive Officer Thomas Winkelmann and general ...

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