Bloomberg HNA Group Co.’s minority stake in airline Virgin Australia Holdings Ltd. is drawing interest from potential bidders as the Chinese conglomerate offloads non-core assets to reduce debt, according to people familiar with the matter. The approximately 20 percent stake could attract bids from existing shareholders in the company as well as other airlines and investment funds if HNA decides ...

Bloomberg Sometimes good just isn’t good enough. Zara owner Inditex SA fell the most in six months after Morgan Stanley analysts cut their recommendation to underweight from equalweight and reduced their price target for the stock to the lowest among analysts tracked by Bloomberg. Inditex dragged European retailers lower, making the sector the worst performer in the broader regional index. ...

Bloomberg Coca-Cola Co. will buy New England cult-favourite soda brand Moxie from one of its independent bottlers as it looks to house more of its up-and-coming beverage brands under one roof. The soda giant, which recently completed the refranchising of its bottling operations in North America, has inked a deal to purchase Moxie from Coca-Cola of Northern New England for ...