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Seven & i Holdings beats out rival with $21bn bet on US

Bloomberg Seven & i Holdings Co, the world’s largest convenience store operator, is betting $21 billion on the future of quick-stop shopping in the US, reviving a once-abandoned deal to make sure the target didn’t fall into the hands of a competitor. The global operator of the 7-Eleven franchise agreed to buy Marathon Petroleum Corp’s gas-station business, adding 3,900 Speedway ...

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Japan Airlines posts its biggest loss since 2012

Bloomberg Japan Airlines Co posted its biggest quarterly net loss in at least eight years and decided to forgo paying an interim dividend as it contends with the devastating impact of the coronavirus. The carrier’s first-quarter loss was 93.7 billion yen ($89 million), the most since it re-listed on the Tokyo stock exchange in 2012 after emerging from bankruptcy. Since ...

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Wizz Air to speed up Airbus jet deliveries following talks

Bloomberg Wizz Air Holdings Plc will accelerate the rate of new-plane deliveries from Airbus SE, taking advantage of deferrals from other customers to feed its own expansion. The Hungarian low-cost airline will receive about 30 A321neo jets in 2021, five more than previously planned, Chief Executive Officer Jozsef Varadi said in an interview. Talks with Airbus included commercial arrangements, he ...

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