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Aerojet chief facing probe as he launches proxy fight

  Bloomberg Aerojet Rocketdyne Holdings Inc. said it’s investigating Executive Chairman Warren Lichtenstein and accused him of launching a proxy fight in an effort to maintain his board position. An internal probe involving Lichtenstein is being conducted under the oversight of a committee of independent directors, the company said in a statement. The investigation is not related to Aerojet’s operations ...

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British retailers see inevitable price hikes as inflation spreads

  Bloomberg UK retailers raised their prices at the fastest pace in more than nine years in January, a survey showed, passing on soaring costs to consumers already grappling with a cost-of-living squeeze. The report by the British Retail Consortium suggests inflation is spreading well beyond energy prices, with goods from food to furniture seeing prices driven higher in a ...

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Latam Airlines judge to allow creditor vote on bankruptcy exit

  Bloomberg Latam Airlines Group SA can send its $5.4 billion bankruptcy-exit plan to creditors for a vote, a judge, handing the airline a partial victory over debtholders who want to pursue alternatives, including a takeover by rival Azul SA. The decision means the company can seek final court approval for its reorganization plan in April and possibly exit bankruptcy ...

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