Bloomberg Cargojet Inc soared to a record high after Amazon.com Inc signed a deal that would allow the online retailer to buy a stake in the Canadian cargo carrier. Under the agreement, Mississauga, Ontario-based Cargojet will issue warrants to Amazon in two tranches to purchase variable voting shares that will vest based on the achievement of certain commercial milestones. “Cargojet ...

Bloomberg Cathay Pacific Airways Ltd said it will show zero tolerance to employees who support or take part in illegal protests ahead of “planned activities” by trade union members around its operational hub Cathay City in Hong Kong on August 26. “Any activities that impact our ability to operate safely not only significantly disrupt the travelling public, but also jeopardise ...

Bloomberg Gap Inc reported another quarter of declining sales at its namesake brand and Old Navy, rattling investors who are still waiting for more details on the planned spinoff of the discount chain. Same-store sales, a closely watched metric in retail, fell 4 percent at the overall company in the second quarter, which was worse than expected. Old Navy, which ...