Bloomberg American Express Co is sweetening rewards and raising the annual fee on many of its co-brand cards with Delta Air Lines Inc after the two renewed their longtime partnership this year. Annual fees on six Delta cards will rise, AmEx said in a statement. Platinum cards for consumers and small businesses will increase to $250 from $195, while Reserve ...

Bloomberg Forever 21 Inc filed for bankruptcy protection, the latest big fashion merchant who couldn’t cope with high rents and heavy competition as the shift to e-commerce cut a swathe through traditional retailers. Court papers filed in Wilmington, Delaware, show Forever 21 has estimated liabilities on a consolidated basis of between $1 billion and $10 billion. The Chapter 11 filing ...

Bloomberg India-born billionaire Aloke Lohia’s global acquisition spree for chemical plants was designed to give Thailand-based Indorama Ventures Pcl more pricing power. But Donald Trump’s trade war has spoiled the party and driven its shares to a record slide. Indorama’s operating margin has hovered around 4 percent to 5 percent the past year, the narrowest since late 2015, as a ...