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Bed Bath & Beyond missed interest payments on bonds

  Bloomberg Bed Bath & Beyond Inc., the financially strapped home-goods retailer, missed interest payments on its bonds, a week after receiving a default notice from lenders. The retailer failed to make payments on notes that total more than $1 billion, a spokeswoman said in an emailed statement. The default means Bed Bath & Beyond has entered a 30-day grace ...

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Finnair scraps in-flight duty free sales as on-board shopping fades

  Bloomberg Finnair Oyj will stop selling amenity kits, and other popular Finnish products on board its aircraft by the end of the month, reacting to slowing demand for in-flight shopping. The move has the added benefit of reducing the overall weight of the aircraft, Finnair said, at a time when carriers are seeking to cut their fuel bills. In-flight ...

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Asda seeks to reduce costs with overhaul of stores, shifts

  Bloomberg Asda, the highly leveraged UK supermarket chain, is planning to cut jobs and change working practices to save costs. Britain’s third-largest grocer wants to axe night shifts so that staff restock shelves during late evening or daylight hours instead. That would remove the premium paid to night-shift employees who work after midnight and also cut more than 200 ...

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