Bloomberg Zara owner Inditex SA promoted Carlos Crespo to chief executive officer, naming an insider to spearhead the fast-fashion giant’s push into e-commerce. Crespo, 48, who is currently chief operating officer of the world’s largest apparel retailer, will report to Executive Chairman Pablo Isla, 55, who’s yielding the CEO position. The new chief will be responsible for technology, procurement and …

Bloomberg Foot Locker Inc fell the most in nearly two years after it reported first-quarter sales and profit that missed analysts’ estimates. The athletic-shoe retailer’s shares tumbled as much as 19 percent in New York trading, the most since August 2017. The stock is now at its lowest level in a year, erasing a series of gains over the past …

Bloomberg The US Securities and Exchange Commission (SEC) is investigating whether Boeing Co properly disclosed issues tied to the grounded 737 Max jetliner, according to people familiar with the matter, as regulators intensify their scrutiny of the company following two deadly crashes. Officials in the SEC’s enforcement division are examining whether Boeing was adequately forthcoming to shareholders about material problems …