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HNA’s plans to sell fleet of private jets

Bloomberg HNA Group Co. is in talks to sell a fleet of private jets, including a $70,000-an-hour retrofitted Boeing 787 and some planes reserved for its leaders, as the debt-laden Chinese conglomerate continues to grapple with liquidity challenges, according to people familiar with the matter. HNA is offering to sell dozens of private jets operated by subsidiary Deer Jet Co. ...

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Firm once sued for data breach to assist Cathay

Bloomberg Cathay Pacific Airways Ltd. has enlisted a company that was itself once caught up in a hacking scandal to help deal with the fallout of a data breach that affected more than 9 million passengers. Asia’s biggest international carrier is offering customers hit by the hack — which saw passport details to emails illegally accessed — the option to ...

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Walmart warehouse chain gets high-tech

Bloomberg Warehouse clubs, purveyors of off-price denim and massive tubs of mayonnaise, aren’t usually on the cutting edge of retail. Walmart Inc.’s Sam’s Club wants to prove otherwise. The retailer is opening a test store in Dallas called Sam’s Club Now, where shoppers will make all their purchases on their smartphones, which they’ll also use to build shopping lists and ...

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