Bloomberg Wal-Mart Stores Inc. and e-commerce startup Jet.com Inc. are trying to close a $3 billion acquisition as soon as Monday that will require Jet founder Marc Lore to head the retailer’s online division for several years, according to people familiar with the matter. Lore would stay in that role for longer than the two-plus years he spent at ...

  Nairobi / AFP When Kenya Airways published the country’s worst-ever corporate results last month, the scale of the loss revealed the effects of several disastrous decisions that the national carrier is struggling to reverse. The airline’s “Pride of Africa” slogan rang uncomfortably hollow when the 26.22- billion-shilling ($259-million) loss was announced, driven by higher borrowing costs and unfavourable exchange ...

  Bloomberg Pete Pollinger and his wife, Julie, are relocating from Boca Raton to Melbourne, a city of about 70,000 on Florida’s Space Coast, named for its proximity to NASA rocket sites at Cape Canaveral and the Kennedy Space Center. They weren’t just hunting for a place to live. As they get ready to move this year, they’re also looking ...