Bloomberg Walmart Inc might be one of the few big winners in the pandemic, having posted surging sales month after month, but that isn’t stopping the company from tightening its belt. The world’s biggest retailer has laid off hundreds of workers in units including store planning, logistics, merchandising and real estate, according to people familiar with the matter. It is ...

Bloomberg General Electric (GE) Co predicted slow gains in operations this year and next after the coronavirus pandemic battered results in the second quarter. The jet-engine division has tracked “early signs of improvement” in flight departures on the path to a lengthy recovery, GE said in a presentation as it reported results. The company burned through $2.1 billion in industrial ...

Bloomberg US Secretary of State Michael Pompeo condemned Hong Kong’s decision to delay its Legislative Council elections by a year and urged the city’s government to reconsider. “There is no valid reason for such a lengthy delay,” Pompeo said in a statement. “This regrettable action confirms that Beijing has no intention of upholding the commitments it made to the Hong ...