LONDON / Reuters British retailer Marks & Spencer (M&S) on Thursday reported another fall in quarterly underlying sales in its clothing division, illustrating the extent of the challenge facing its new boss. Steve Rowe, an M&S veteran of 26 years, succeeded Marc Bolland as chief executive of the clothing and food stores group on Saturday, stepping-up from the role he ...

BEIJING / REUTERS Chinese aircraft lessor Bohai Capital, known for its September purchase of Irish peer Avolon Holdings Ltd, aims to nearly double its fleet in coming years to take advantage of a boom in Chinese travel demand, a top executive said. Bohai Capital and other state-backed firms are expanding in the aircraft financing and leasing business as customer airlines ...

San Francisco / AFP Amazon chief executive and founder Jeff Bezos defended his company’s workplace culture and costly growth strategy in a letter to shareholders made public this week. The work atmosphere at Seattle-based Amazon became a hot topic last year after a New York Times article portrayed it as a “hurtful,” Darwinian setting in which employees were pitted against ...