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Debenhams warms to billionaire Ashley after he steps up bid

Bloomberg Debenhams Plc cracked open the door to billionaire Mike Ashley for the first time, saying it’s considering his bid to increase control over the UK retailer and install himself as chief executive officer. The billionaire’s Sports Direct International Plc offered a loan of 150 million pounds ($199 million) to the troubled department-store chain in a deal that would boost ...

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American Air suspends Venezuela service as pilots refuse to fly

Bloomberg American Airlines Group Inc. suspended its service to Venezuela on security concerns, shutting down the only flights to the country by a major US carrier. The move followed a notice from the carrier’s pilots union, backed up by flight attendants, telling its members to refuse the routes because of dangerous conditions in the nation. “American will not operate in ...

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Lufthansa pares growth plans after fare war weighs on profit

Bloomberg Deutsche Lufthansa AG cut its growth plans after a slide in fares and higher fuel costs weighed on 2018 earnings. The stock fell the most in 4 1/2 months after the German carrier said it will slow capacity increases to 1.9 percent this summer from the 3.8 percent previously planned in an effort to bolster prices and cope with ...

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