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Foot Locker shares slump on supply-chain concerns

Bloomberg Foot Locker Inc fell the most intraday in nine months after reporting sales that missed Wall Street’s expectations as a supply-chain crunch pressures the sneaker retailer ahead of the holiday shopping season. Comparable-store sales, a key retail metric, rose 2.2% last quarter, the company said. Analysts had been expecting a gain of 2.9%, according to the average of estimates ...

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Mystery $100m cash shows up at Wesco

Bloomberg Wesco Aircraft Holdings Inc left bondholders scratching their heads when the struggling aerospace supplier added about $100 million of cash to its balance sheet, seemingly overnight and without much explanation. They’re trying to parse what happened after the company, which is backed by billionaire Tom Gores’ Platinum Equity, privately informed investors about a set of transactions that depleted and ...

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Poland’s Morawiecki warns of security threat from Belarus

Bloomberg Europe faces a “synchronised” series of crises around Belarus, from the political to energy and security, Polish Prime Minister Mateusz Morawiecki said as he again blamed Russia for being behind the migrant crisis on its border. Speaking during his tour of three Baltic states, Morawiecki voiced alarm over tensions flaring from Belarus to Ukraine, and warned of Moscow’s “appetite ...

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