Bloomberg United Airlines Holdings Inc will cut at least 30% of its managerial and administrative jobs when government restrictions lift in October, bracing for a prolonged travel slump in the age of Covid-19. In addition to cutting the roughly 3,500 positions, the company will require that management and administrative employees take 20 days off without pay between May 16 and ...

Bloomberg Sephora USA Inc escalated its legal fight with partner JC Penney Co, saying the department-store chain’s response to the pandemic violates an agreement allowing it to operate about 650 in-house beauty boutiques. JC Penney, which closed all its stores in March as the virus spread, persuaded a Texas state court judge last week to temporarily bar Sephora from exiting ...

Bloomberg Ocado Group Plc’s retail revenue rose more than 40% in the second quarter as the UK online grocer’s sales were boosted by home shopping during the Covid-19 lockdown. The company suspended financial guidance for the year, saying uncertainty around the pandemic made it impossible to predict near-term sales trends. The second-quarter’s gain was up from a 10% increase in ...