Bloomberg Stuck-at-home Americans are nowadays way more interested in buying toilet paper and hand soap than handbags and evening gowns. That’s forcing luxury retailers, like Neiman Marcus Group Inc and Nordstrom Inc, to resort to a tactic they rarely use: discounts. Neiman Marcus has Tom Ford glasses, which usually sell for about $400, at 50% off on its website. Customers ...

Bloomberg Kenya Airways Plc is appealing for a cash bailout from the government to be able to survive the next six months as the partially state-owned carrier runs out of money after grounding all international flights to help contain the coronavirus. It will cost the airline about $5 million a month to manage its grounded fleet and retain a workforce ...

Bloomberg Swissport International AG, the airport ground services firm owned by beleaguered Chinese conglomerate HNA Group Co, hired advisers to review its debt as passenger air traffic grinds to a halt because of coronavirus restrictions. The company appointed boutique financial services firm Houlihan Lokey and lawyers White & Case LLP to help the firm “strengthen its financial position,” it said ...