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Cathay Pacific warns of weaker air cargo demand

  Bloomberg Cathay Pacific Airways Ltd., one of the world’s biggest airfreight operators, warned that inflation, supply-chain snags and Covid-19 restrictions in China could lead to weaker cargo demand in this year’s peak season. “Inflation is having an impact on some areas of consumer demand, the supply chain disruption of recent months has dampened manufacturing output, and there continue to ...

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3M to cut jobs in cost-cutting push

  Bloomberg 3M Co. plans to eliminate jobs as part of a broader cost-cutting drive in response to the slowing economy, according to internal communications. The move comes just days after 3M suffered a setback over a key legal strategy designed to mitigate mounting liabilities and as it faces an array of other challenges, ranging from inflationary woes to sluggish ...

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Glow Recipe taps Goldman Sachs for sale

  Bloomberg Glow Recipe, a skin-care brand popular for its fruit-based products, is exploring a sale that could value it at $400 million to $500 million. The company is working with Goldman Sachs Group Inc., said the people, who asked to not be identified. It has $80 million in annual revenue. No final decision has been made and Glow Recipe ...

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