Bloomberg Britain’s troubled PizzaExpress chain announced a rescue plan that’s likely to close scores of restaurants, put hundreds of pizza chefs and waiters out of work and hand control of the business to creditors. As part of the proposals, the company will implement a legal process known as a company voluntary arrangement that may permanently close about 15% of UK ...

Bloomberg Travel restrictions brought on by the Covid-19 pandemic continue to slow the re-certification process for Boeing Co’s 737 Max in Europe, even after US aviation regulators moved a step closer to allowing the grounded jet to fly again. The European Union Aviation Safety Agency said it’s still working with Boeing and the US Federal Aviation Administration to find a ...

Bloomberg The debt market is showing concern about Seven & i Holdings Co’s $21 billion deal to buy Marathon Petroleum Corp’s gas-station business, even as equity investors grew more positive on the purchase. The credit rating of the world’s largest convenience store operator was cut by Moody’s Investors Service from A1 to A2, the sixth-highest level, citing “an expected spike ...