Friday , 26 December 2025

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Norwegian buys time by unlocking state aid

Bloomberg Norwegian Air Shuttle ASA, the indebted low-cost carrier fighting for survival, bought itself some time as it managed to unlock the first, tiny slice of its state aid package. The carrier’s shares jumped as much as 25% when trading started in Oslo on Tuesday, though overall the stock is still down about 75% this year. Two Nordic banks will …

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Neiman Marcus considering bankruptcy to ease debt load

Bloomberg Neiman Marcus Group Inc, the luxury retailer that’s been struggling to ease its $4.3 billion debt load, is talking with lenders about filing for bankruptcy, according to people with knowledge of the matter. No formal decisions have been made, but Neiman Marcus has held initial talks with lenders about a potential bankruptcy loan that would keep the company running …

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Boeing temporarily halts work at Seattle-area factories

Bloomberg Boeing Co is shutting down its Seattle-area manufacturing hub for two weeks after a worker died of coronavirus complications, adding to a wave of plant closings sweeping the globe as the aviation industry navigates the biggest disruption in decades. Activity at the factories will start winding down and come to a halt on March 25, Boeing said in a …

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