Bloomberg JC Penney Co, its stores shut and revenue all but extinguished by the pandemic, is continuing to huddle with creditors about how to avert a default after it skipped an interest payment. The struggling chain is seeking their agreement for a deal that would keep it out of bankruptcy, according to people familiar with the negotiations. Management is using …

Bloomberg Southwest Airlines, a discounter that flies mostly in the US, is the world’s largest carrier — for now. The ranking is based on the number of seats flown this week, as compiled by aviation data provider OAG. Southwest moved to the top spot as its larger rivals nearly abandoned international routes after governments worldwide restricted travel to stem the …

Dubai / Emirates Business The value of announced mergers and acquisitions (M&A) transactions with any Middle East and North Africa (Mena) involvement reached $14.8 billion during the first three months of 2020 according to report released by Refinitiv on Thursday. According to the report, the investment banking fees in Mena reached an estimated $188.8 million during the first quarter of …