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UK’s Flybe seeking urgent rescue deal

Bloomberg UK regional airline Flybe Group Plc is in crunch talks with the British government for emergency financing, less than a year after a group fronted by Virgin Atlantic Airways Ltd stepped in to rescue the unprofitable carrier, Sky News reported. EY is on standby to handle any potential liquidation, according to the report, which cited unidentified aviation industry sources. ...

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Walmart fires 56 employees in India

Bloomberg Walmart Inc has fired 56 employees in India as it restructures its business in the country but has no plans to shut down physical operations, the company said in a statement refuting a report in the local media. The world’s largest retailer “remains committed” to growing its wholesale retail business in India, Walmart India’s Chief Executive Officer Krish Iyer ...

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Boeing new boss Dave Calhoun takes charge

Bloomberg The opening gambits by Boeing Co’s new boss show the risks Dave Calhoun is willing to take to reset the deeply troubled planemaker. Calhoun, who officially took charge on Monday, pushed to release humiliating internal messages last week even though they may darken public perception for years to come — with Boeing’s own employees suggesting rot in a once-vaunted ...

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