Bloomberg Virgin Galactic’s new spaceship has made a successful first glide flight, a key step after a deadly crash of its predecessor two years ago, the spaceflight company said. The new SpaceShipTwo, dubbed VSS Unity, was hoisted aloft by carrier airplane WhiteKnightTwo VMS Eve from the Mojave Air & Space Port in California, the company said on Twitter. Released ...

  Bloomberg After turning Starbucks Corp. into the world’s largest coffee chain, Chief Executive Officer Howard Schultz will hand the reins to a lieutenant who could solidify its role as a technology company. Kevin Johnson, a 33-year veteran of the tech industry who became Starbucks’ chief operating officer last year, will take the helm from Schultz on April 3. The ...

  Bloomberg Philippine tycoon Lucio Tan will consolidate his airline ventures as he focuses on expanding his flagship PAL Holdings Inc. and increase its appeal to potential buyers. PAL will acquire another company owned by Tan called Zuma Holdings & Management Corp. through a share-swap agreement, valuing the whole deal at 8.24 billion pesos ($166 million), the company said in ...