Bloomberg Neiman Marcus Group won court permission to leave behind the debts and drama that pushed it into bankruptcy, just a day after its harshest critic was arrested on federal charges stemming from the case. A bankruptcy judge in Houston approved a plan that hands ownership to creditors in return for forgiving about $4 billion of Neiman’s $5.5 billion in …

Bloomberg The airline industry can’t afford to wait for a vaccine. That’s the message from the International Air Transport Association’s (IATA) chief medical adviser, David Powell. On top of face masks, regular hand washing and sanitising of high-touch surfaces, carriers should work with regulators to introduce reliable coronavirus testing systems for passengers before they board in order to get people …

Bloomberg Investors searching for any hints that a retail recovery is underway got a glimmer of hope, with struggling department-store operator Macy’s Inc inching back to normalcy. The department store chain is still losing money as sales remain well below pre-pandemic levels, but CEO Jeff Gennette said demand is picking up across all of its brands. Its adjusted net loss …