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Immigration system restored at Singapore’s Changi airport

BLOOMBERG Singapore’s immigration systems were largely back to normal after a disruption that caused delays at Changi airport and at land-border crossings just before the start of the weekend. Although travellers were told to delay non-essential travel, there haven’t been any flight cancellations, according to data from Flightradar24.com. The glitch came two days after the city’s largest bank, DBS Group ...

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JetBlue set to cut New York flights during ‘very busy’ summer

BLOOMBERG JetBlue Airways Corp is preparing to trim New York flights during the upcoming “very busy” summer travel season after federal regulators asked carriers to reduce schedules by as much as 10% at some of the nation’s busiest airports. “This summer is going to be really hard again,” Chief Executive Officer Robin Hayes said at the Economic Club of New ...

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Bed Bath warns of bankruptcy risk in $300m equity offering

BLOOMBERG Reeling from a collapse in its stock price and at the mercy of Wall Street banks, Bed Bath & Beyond Inc warned it will likely go bankrupt if a last-gasp $300 million equity offering fails. The retailer filed to sell new shares to stay afloat and repay creditors after a hedge-fund rescue effort faltered and as day traders — ...

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