Bloomberg Sears Holdings Corp., the department-store operator run by hedge fund manager Edward Lampert, obtained a new short-term loan partially funded by an investment firm that manages billionaire Bill Gates’s fortune. Cascade Investment has funded $125 million of a $500 million loan that Sears raised by using about 20 of its mortgaged properties as collateral, the retailer said in a ...

Bloomberg Associated British Foods (ABF), the biggest shareholder in Illovo Sugar, has reached an agreement to buy the rest of the South African sugar producer for 5.6 billion rand ($370 million) after raising an earlier offer. ABF, which holds a 51.35 percent stake in Illovo, has made an offer of 25 rand ($1.65) per share for the stake it does ...

Bloomberg Air France-KLM Group will enter into talks with an exclusive buyer for its in-flight service unit Servair within the next few weeks, a person familiar with the plan said. The company won’t sell the entire business, said the person, who declined to be identified because the discussions are private. Servair, the world’s third-largest in-flight caterer, was valued at about ...