Bloomberg Wendy’s Co surged in early trading after shareholder Trian Fund Management, the investment vehicle of billionaire Nelson Peltz, said it will explore a transaction that could give it control of the fast-food chain. Trian owns about 11.8% of Wendy’s stock, according to data compiled by Bloomberg. A transaction “could include an acquisition, business combination (such as a merger, …

  Bloomberg Air France-KLM plans to sell about 2.26 billion euros ($2.4 billion) of new shares to shore up its balance sheet and repay a chunk of the state aid that helped the carrier survive the Covid-19 crisis. The proceeds of the rights issue will be used to reimburse about 1.7 billion euros of subordinate bonds issued in April last …

  Bloomberg Walmart Inc and partner DroneUp LLC plan to expand their drone-delivery hubs to 34 locations in six states by year-end, taking a big step towards scaling up aerial dropoffs for US shoppers even though big regulatory hurdles remain. Deliveries will cost $3.99 and orders can weigh up to 10 pounds, Walmart said in a statement. The expanded network …