Bloomberg Air France-KLM is building up cash reserves and preparing a crisis plan to cut costs in response to a dramatic slump in flight reservations through the peak season and President Donald Trump’s ban on trans-Atlantic travel. The carrier is facing “an unprecedented situation” due to the coronavirus pandemic, Chief Executive Officer Ben Smith told staff in an internal video ...

Bloomberg Ever since mid-January, Adnan Durrani, chief executive officer of frozen-food company Saffron Road, knew the coronavirus outbreak was poised to create a spike in demand. For the past six weeks, his factories have been running at full capacity in order to keep items like frozen chicken pad thai and sesame ginger udon bowls on the shelves at Kroger, Walmart ...

Bloomberg American Dream — the New Jersey mega-mall that was slated to open its stores and a huge water park on Thursday — will postpone its grand opening, another setback for the $5 billion project. Some entertainment elements at the mall, such as the indoor ski slope and ice rink, that had opened late last year will close starting from ...