Bloomberg Magazine Luiza SA, the Brazilian retailer that is fast becoming one of the country’s leading e-commerce providers, sold shares at 43 reais each, according to people with direct knowledge of the matter. The company’s offering raised a total of 4.7 billion reais ($1.13 billion), including a primary sale of 100 million shares, according to one of the people, who ...

Bloomberg JetBlue Airways Corp, bowing to rising competitive pressures, began offering a no-frills option in the first revamp of its fare categories since they were introduced in 2015. Customers buying a reduced Blue Basic fare won’t get a refund if they have to cancel, can’t make changes to the reservation and will have to board last — standards that match ...

Bloomberg Cathay Pacific Airways Ltd issued its second profit warning in less than a month as Hong Kong’s flag carrier continues to struggle from a slumping number of visitors because of the protests that have gripped the city for months. Second-half financial results will be “significantly” lower than in the first, Cathay said in a statement on Wednesday. The language ...