Bloomberg Foreign aircraft lessors are facing the increasing possibility of writeoffs that could total in the billions of dollars as Russia considers ways to defy worldwide sanctions and keep carriers such as Aeroflot flying. Russia’s Transportation Ministry is weighing options including buying or even nationalizing hundreds of Airbus SE and Boeing Co planes that lessors have demanded be returned …

  Bloomberg Dassault Aviation SA threatened to pull out of developing a future European fighter jet with Airbus SE over a protracted dispute between the two defense suppliers over leadership of the project. Talks between the French company and the German and Spanish arms of Airbus have reached an impasse and an agreement on moving to the next phase “still …

Bloomberg Gap Inc gave an optimistic projection for the current year, saying its strategic moves are starting to pay off, even though the apparel maker’s fourth-quarter results missed estimates on several key measures. The shares rose in late trading. For the current fiscal year, which ends in January, the retailer is projecting earnings per share in the range of $1.95 …

Bloomberg Kroger Co shares jumped the most in almost 30 years after the company unveiled a profit forecast that signaled new gains on top of a two-year surge in demand for groceries sparked by the coronavirus pandemic. Adjusted earnings in the current fiscal year will range between $3.75 and $3.85 a share, Kroger said. That handily exceeded the $3.44 average …

  Bloomberg US futures slid and European equities tumbled to a one-year low as war risks intensified after a Ukrainian nuclear power plant briefly caught fire. Contracts on US gauges signalled more losses for Wall Street as investors awaited the monthly jobs report. Europe’s Stoxx 600 benchmark fell nearly 3%, poised for its worst week since March 2020. An Asian …

  Bloomberg Asian stocks tumbled to their lowest since November 2020 as signs Russia’s attack on Ukraine is intensifying further roiled financial markets. The MSCI Asia Pacific Index fell as much as 1.8%, as Ukrainian officials said Russian forces have occupied the site of Europe’s largest nuclear power plant after an attack that caused fire. The gauge is now down …

Bloomberg Deutsche Lufthansa AG said the war in Ukraine will cloud prospects for a long-awaited recovery from the coronavirus pandemic as fuel prices climb and flights are diverted to avoid shuttered skies. Europe’s biggest airline cut its annual loss by two-thirds in 2021 as Covid curbs eased, according to a statement. Earnings this year should show a further improvement, but …

  Bloomberg Fashion retailers Hennes & Mauritz AB, Burberry Group Plc and Boohoo Group Plc are curtailing operations in Russia after its invasion of Ukraine, with the Swedish clothing chain expressing concern about “tragic developments” there. H&M is pausing all sales in Russia after shutting stores in Ukraine for safety reasons, it said. Burberry has halted shipments to the country …

  Bloomberg Boeing Co is caught in a bind after the US barred Russian airlines from its skies following the invasion of Ukraine. The move could affect Boeing’s main wide-body plant in Everett, Washington, near Seattle, where giant Antonov An-124 cargo planes operated by Russia’s Volga-Dnepr Group are used to fly structures from other plants. The US Transportation Department had …

  Bloomberg Canada’s WestJet Airlines Ltd agreed to buy low-cost rival Sunwing Airlines and Sunwing Vacations tour operations, ramping up competition in an industry that’s emerging from two years of turmoil brought on by the coronavirus pandemic. WestJet and Sunwing announced the deal in a statement, noting that Sunwing’s current shareholders will become equity holders of WestJet. Terms weren’t disclosed. …