Bloomberg Macy’s Inc is exploring ways to use its real estate to secure fresh cash and ride out the coronavirus pandemic. The department store would issue new bonds backed by certain property and other assets to bolster its liquidity, according to people with knowledge of the situation. The Herald Square property wouldn’t be included. The interest rate and maturity of ...

Bloomberg With Covid-19 grounding flights, emptying hotel rooms, and turning popular destinations into ghost towns, this might seem the most futile time to think about frequent flyer miles and loyalty points. In mid-March, the US State Department issued a “do not travel” alert for the entire world. Travel is the last thing on most people’s minds, according to a survey ...

Bloomberg Struggling passenger airlines can turn planes into cargo-only aircraft provided they take steps to prevent fires and keep weight balanced, US aviation regulators said in new guidance. With passenger demand plunging to nearly zero, some airlines have begun carrying more cargo to provide revenue. The Federal Aviation Administration’s (FAA) guidance will allow them to carry it in what had ...