Bloomberg Kroger Co. shares plunged after the supermarket chain abandoned its practice of offering long-term guidance, a sign it’s grappling with fierce competition in a grocery industry rattled by Amazon.com Inc.’s acquisition of Whole Foods. The decision to stop giving further-out forecasts spooked investors concerned about an increasingly cutthroat grocery industry, said Jennifer Bartashus, an analyst at Bloomberg Intelligence. “It’s ...

Bloomberg A new South Korean budget carrier says it can help push air fares down by as much as 30 percent and still stay profitable in a market already crowded with six rivals. Aero K Airlines Co., backed by venture capital funds, plans to use new, fuel-efficient aircraft and a base where airport levies are at least 60 percent cheaper ...

Bloomberg Regulators in India are stepping up scrutiny of Pratt & Whitney’s new jet engines as the US manufacturer tries to overcome glitches that have grounded some Airbus SE planes. The geared turbofan engines are now being inspected after as few as 350 hours of operation, down from initial plans for every 1,000 hours, Civil Aviation Minister Ashok Gajapathi Raju ...