Bloomberg Cathay Pacific Airways Ltd. reported first-half profit that missed analysts’ estimates as losses from jet-fuel hedges mounted and competition with Chinese carriers cut passenger yields. The shares dropped the most in a year. Net income in the six months through June fell 82 percent to HK$353 million ($45.5 million), Asia’s biggest international airline said on Wednesday. That fell …

  Bloomberg European grocery sales rose the least on record in the second quarter amid a U.K. price war and sluggish consumption in Germany and France, a study showed. The amount spent on household goods increased by 0.8 percent from a year earlier, researcher Nielsen said in a report on Wednesday. That’s about half the growth achieved in the first …

  Bloomberg Target Corp. cut its annual forecast after sales slumped last quarter, hit by what Chief Executive Officer Brian Cornell described as a “difficult retail environment.” The company now expects earnings of $4.80 to $5.20 a share, excluding some items, compared with an earlier forecast of as much as $5.40. In the face of a skittish retail economy and …