Bloomberg JC Penney Co sales plunged 45% in the second quarter as the department-store chain entered bankruptcy and struggled with an accelerated shift away from physical stores and the Covid-19 outbreak. Net sales fell to $1.39 billion in the period ended on August 1 from $2.51 billion a year earlier, the company reported in a regulatory filing. The retailer’s lenders ...

Bloomberg The UK’s fluctuating quarantine restrictions are again leading to punishing airfares for vacationers forced to rush home on short notice. Travellers scrambling to return from Portugal before a rule requiring self-isolation kicks in on Saturday faced paying more than $640 for a one-way ticket, based on fares from both British Airways Plc and Jet2holidays Ltd. Airlines have been vocal ...

Bloomberg Boeing Co’s grounded 737 Max jetliner completed a round of test flights with European air-safety regulators, taking another step towards a return to the skies. The European Union Aviation Safety Agency (EASA) will now evaluate data from the trips, it said in a statement. The agency, based in Cologne, Germany, performed the flights from Vancouver, near Boeing’s Seattle-area operations, ...