Bloomberg Belk Inc, the department store chain owned by Sycamore Partners, won court approval of its plan to slash $450 million of debt less than one day after filing for Chapter 11 bankruptcy. US Bankruptcy Judge Marvin Isgur said in a hearing he would approve the retailer’s bankruptcy plan, paving the way for Belk to emerge from Chapter 11. If ...

Bloomberg At least five people died as Myanmar’s military government cracked down on protests over the weekend, and escalated non-tolerance for dissent with the ouster of the country’s representative to the United Nations along with the arrests of journalists and hundreds of demonstrators. Police in the city of Dawei in southern Myanmar opened fire into a crowd on Sunday, killing ...

Bloomberg President Joe Biden provided an official explanation of the airstrike that targeted Iranian-backed fighters in eastern Syria, saying he was using his authority to deter attacks on US and allied personnel in Iraq. Biden’s letter to House Speaker Nancy Pelosi and Patrick Leahy, president pro tempore of the Senate, follows criticism by some Democrats of the circumstances of his ...