Bloomberg A pilot on a jet carrying Amazon.com Inc. packages that crashed near Houston in February had a record of repeatedly flunking flight tests and may have become disoriented in clouds, according to newly released documents. The pilot mistakenly thought the plane’s nose was pointed too high and jerked the jet down so steeply that the Boeing Co. 767 dove ...

Bloomberg H/2 Capital Partners scrapped an auction for J.C. Penney Inc.’s term loan held by the hedge fund after a weak reception from potential buyers, according to people with knowledge of the situation. Bids for H/2’s sale of about half J.C. Penney’s $1.7 billion term loan didn’t meet the seller’s minimum price. The hedge fund will continue to own its ...

Abu Dhabi / WAM The Department of Municipalities and Transport (DMT), launched an AED 8 billion ‘For Abu Dhabi’ initiative, which will enhance urban spaces and nature sites in a bid to categorise Abu Dhabi as one of the most liveable cities in the world. The new initiative is a part of DMT’s contribution to the Abu Dhabi Government Accelerator Programme, ...