Bloomberg Massmart Holdings Ltd., the South African grocery and general goods retailer owned by Wal-Mart Stores Inc., said tougher control of costs wasn’t enough to prevent earnings falling during “the most difficult trading conditions in recent memory.” First-half operating profit before interest declined by 6.6 percent to $58 million, the Johannesburg-based company said. Sales increased 0.5 percent to 42.5 billion ...

Bloomberg The European Aviation Safety Agency ordered operators of Airbus SE A350 airliners to revise fuel-system software to reduce the risk of overheating that could lead to a fire. A flaw in the hydraulic-fluid cooling system, located in the fuel tanks, may cause the temperature of the liquid to rise quickly, the EASA said in an emergency airworthiness directive that ...

Bloomberg Roots Canada Ltd., the iconic retailer known for its casual wear and leather goods emblazoned with beaver logos, has hired banks to prepare an initial public offering this year, according to people familiar with the matter. The Canadian clothing company is working with Toronto-Dominion Bank, Credit Suisse Group AG and Bank of Montreal on the share sale, the people ...