Bloomberg US private-equity firm Indigo Partners agreed to invest an undisclosed sum in Iceland’s Wow Air Hf, breathing new life into the discount carrier just hours after another suitor walked away. Indigo is led by William Franke, who has founded or invested in low-fare carriers around the globe. Terms of the preliminary agreement weren’t disclosed in a statement from the ...

Bloomberg Employees of Sears Holdings, inspired by the hardship fund for workers affected by the collapse of Toys ‘R’ Us Inc., are asking Chairman Eddie Lampert and the firms involved in the chain’s bankruptcy to preserve jobs and stores as well as guarantee severance pay and pensions. “While we understand that Sears and Kmart must make changes to survive, we ...

Bloomberg Wayfair Inc.’s strong Cyber Five year-over-year sales gain suggests “considerable upside potential for this quarter,” according to Baird Equity Research, who cites comparable period results over the past two years. The Boston-based online home-goods retailer reported a 58 percent increase in direct retail sales for the shopping period of Thanksgiving Day through Cyber Monday. This compares to 2017 and ...