Bloomberg The UK aerospace industry plans to create a 1 billion-pound ($1.3 billion) fund to prop up suppliers, the Sunday Times reported, without saying where it got the information. Trade association ADS Group has drafted proposals aimed at helping small businesses hurt by production cuts at planemakers as the coronavirus crisis suppresses demand for travel, according to the newspaper. The ...

Bloomberg With the pandemic intensifying the plight of US retailers, companies from J Crew Group Inc to the owner of Ann Taylor are using Chapter 11 bankruptcy filings to quickly get out of costly, long-term leases and shutter thousands of stores. By seeking court protection, firms like Neiman Marcus Group Inc and the parent company of Men’s Wearhouse avoid the ...

Bloomberg Macy’s Inc was targeted in one of the first lawsuits against users of the controversial facial-recognition software made by startup Clearview AI. An Illinois woman filed a proposed class action against Macy’s in federal court in Chicago, alleging the department store chain violated the state’s Biometric Information Privacy Act by using Clearview software to identify shoppers from security-camera footage. ...