Congratulations to President-elect Joe Biden and Vice President-elect Kamala Harris. In the end, the election wasn’t close, despite the illusion created by the order in which the ballots were counted, although it was far from a landslide. Biden will probably win 306 electoral votes and a solid majority of the popular vote. Donald Trump becomes a rare president who was ...

The pandemic has battered the apparel and accessories business more than just about any other retail category. New clothes and bold fashion statements just aren’t as much of a priority now. But whatever desperation some of the giants in this area might be feeling in this moment, they are making a surprising choice: not chasing shoppers with heavy discounting. Capri ...

Just how high a price are the citizens of Japan willing to pay for the privilege of hosting the Olympics? That question is getting a partial answer this month as a series of baseball games are being hosted — with government approval — in crowded stadiums. Various measures to protect spectators are being tested out, including smartphone apps that issue ...

A nightmare began with Donald Trump’s victory in November 2016. It has just been extended indefinitely with his narrow loss and wild allegations of electoral fraud. In his 2016 campaign, Trump prospered by challenging the legitimacy of America’s political and economic system, arguing that it was rigged to benefit a few elites. Over the next four years, he demonstrated, in ...

Bloomberg Singapore Airlines Ltd posted its biggest ever quarterly loss as the coronavirus decimated travel demand and fuel hedging and fleet impairment charges weighed on its bottom line. The carrier reported a net loss of S$2.3 billion ($1.7 billion) for the three months ended on September 30 versus a S$94.5 million profit the same period a year ago, before Covid-19 ...

Bloomberg EasyJet Plc boosted cash reserves via a new round of aircraft sales as a wave of coronavirus lockdowns pushes it to deepen capacity cuts. Britain’s biggest discount carrier raised $169.5 million through the sale of 11 Airbus SE jets, which it will lease back, according to a statement. The move takes the number of planes involved in such transactions ...

Bloomberg Coty Inc soared after the maker of Covergirl and Sally Hansen reported sales declines that abated from the previous quarter. Revenue excluding the company’s Wella business, which is being sold, fell 20% to $1.1 billion in the quarter ended on September 30. Including Wella, the decline was 13%, compared with a drop of 56% in the previous quarter. Chief ...

Bloomberg Southwest Airlines Co issued notices for what could be the first involuntary furloughs in its 49-year history, saying a union declined to discuss concessions aimed at cutting payroll costs. Forty-two workers who manage parts inventory and are represented by the Teamsters union received federally required notices that they could be laid off as of January 11, the Dallas-based airline ...

Bloomberg JetBlue Airways Corp is adding flights from the New York area during Thanksgiving week in a bid to tap an uptick in demand amid the coronavirus pandemic, just as Governor Andrew Cuomo is beefing up enforcement of quarantine restrictions. The 25 nonstop flights will operate between November 20 and November 30 from New York’s John F Kennedy International as ...

Bloomberg President-elect Joe Biden called on Americans to put aside the divisiveness of the past four years under Donald Trump with a victory speech that promised swift action against the coronavirus pandemic and an orderly transfer of power after a bitter election. “Let’s give each other a chance,” Biden told a cheering, honking crowd at a drive-in rally on in ...