Bloomberg American Airlines Group Inc closed a $5.48 billion loan with the US Treasury, increasing its pool of cash to help fund operations until travel demand begins to return. The credit facility, backed by American’s loyalty program, increased from an original $4.75 billion target after rivals such as Delta Air Lines Inc and Southwest Airlines opted out of the funds ...

Bloomberg Poshmark Inc, an online resale marketplace for second-hand clothing, said it has filed confidentially for an initial public offering. The number of shares and the price range for the IPO haven’t been determined, Poshmark said in a statement. The Redwood City, California-based company had put off a potential IPO to focus on boosting sales and improving its execution, people ...

Bloomberg Neiman Marcus has officially come out of bankruptcy, a process that left the upscale department store with a lighter debt load and new owners to confront the same industry trends that led to its financial woes. The new Neiman Marcus Holding Company Inc emerged from Chapter 11 bankruptcy protection, saying it had eliminated more than $4 billion of existing ...