Bloomberg Macy’s Inc plans to close 125 of its least productive department stores — almost a quarter of the total — over the next three years and cut about 2,000 jobs as part of a large restructuring. The stores, including 30 that are already in the process of being closed, account for about $1.4 billion in annual sales, the company ...

Bloomberg Cathay Pacific Airways Ltd asked employees to take three weeks of unpaid leave as the Hong Kong airline is cutting capacity because of the coronavirus outbreak. The airline requested all employees to participate in a leave programme taking place from March 1 to June 30, it said in a statement. Cathay had about 26,700 workers in Hong Kong as ...

Bloomberg The aerospace industry is joining carmakers in shuttering Chinese plants in response to the coronavirus outbreak, with Airbus SE halting an assembly line and Boeing Co and Safran SA also closing facilities. Airbus’s plant in Tianjin, east of Beijing, has remained idle beyond the Lunar New Year holiday as travel restrictions present logistical challenges and the government advises people ...