Bloomberg Boeing Co unveiled the first and deepest of its planned job cuts, saying it would notify 6,770 employees in the US that their positions would be eliminated. The collapse in air travel sparked by the coronavirus pandemic has sapped demand for jetliners, forcing Boeing to scale back its commercial business, Chief Executive Officer Dave Calhoun said in a message ...

Bloomberg Ralph Lauren Corp has reopened a significant portion of its global store network and will accelerate its digital plans as pandemic restrictions ease around the world. Chief Executive Officer Patrice Louvet said all stores in China and Korea are back in business, and Japan and Australia are set to return this week. Two-thirds of Ralph Lauren stores have been ...

Bloomberg Scandinavia’s main carrier SAS AB warned shareholders it will need to generate more funding to see it through the crisis triggered by Covid-19. The company has halted most of its traffic and started a process to cut 5,000 jobs, it said. SAS is in “ongoing and constructive discussions” with its “largest owners on a recapitalisation plan to secure adequate ...