With two-thirds of the US experiencing a heat wave, it seems like a good time to talk about air conditioning. According to the annual Characteristics of New Housing data released by the Census Bureau early this month, 94 percent of the new housing units completed in the US in 2018 came with it built in, up from 65 percent in ...

Bloomberg Luxury department store Barneys New York is exploring restructuring options that could include filing for bankruptcy as it struggles to keep up with higher rent and adapt to changing consumer habits. Barneys is working with financial advisers at MIII Partners and lawyers at Kirkland & Ellis, according to people with knowledge of the situation. The company hasn’t made a ...

Bloomberg British Airways (BA) is preparing to go to court to block a potential walkout by its pilots at the height of the busy summer travel season. The airline, a unit of IAG SA, was expected to the UK’s high court on July 23 to seek an injunction against the British Airline Pilots Association, known as Balpa, should members vote ...

Bloomberg J Sainsbury Plc is joining forces with Deliveroo to speed hot pizza to UK consumers’ living rooms. Customers in London, Birmingham, Brighton and Cambridge, England, will also be able to order snacks and drinks from the supermarket chain as part of the two-month trial. It’s one of the first steps Deliveroo has taken since Amazon.com Inc in May led ...

Bloomberg JC Penney Co, the struggling department-store chain, said it’s taking measures to improve its financial health but assured investors that it hasn’t hired advisers to prepare for a restructuring in bankruptcy court. “We have no significant debt maturities coming due in the near term, and we continue to maintain a strong liquidity position,” the company said in a statement. ...

Bloomberg aCommerce, a Bangkok-based startup that helps brands such as Samsung, L’Oreal and Unilever sell their products online across Southeast Asia, has raised more than $10 million from existing investors including KKR & Co. KKR’s Emerald Media, investment house Blue Sky, DKSH Holding AG and an arm of Indonesian conglomerate Sinar Mas also took part in the company’s latest funding ...

Bloomberg Dean & DeLuca, the gourmet grocer whose trend-setting New York store introduced Americans to international delicacies more than four decades ago, is struggling to hold on amid stalling sales and a cutthroat competitive landscape. Some shelves at its flagship store are bare, and suppliers have gone to court over unpaid bills. Other US locations have been shut, leaving Dean ...

DUBAI / WAM Dubai’s economy continues to experience sustained growth from the contribution of business tourism, thereby driving the nation’s economic diversification agenda prioritised in the UAE Centennial 2071 strategy. As such, the Dubai World Trade Centre’s (DWTC) latest economic impact assessment report for 2018 saw a record AED13.1 billion, equivalent to 3.3 percent of the emirate’s gross domestic product ...

ABU DHABI / WAM Abu Dhabi National Insurance Company (Adnic), has been adjudged ‘most outstanding in corporate insurance services — UAE’ by the Corporate LiveWire Innovation and Excellence Awards 2019. The Innovation and Excellence Awards are organised by Corporate LiveWire, a quarterly publication based in the UK, which provides information and analysis on the latest global developments to business professionals ...

Bloomberg China’s importers have started making arrangements to buy US agricultural products, Global Times’s Editor-in-Chief Hu Xijin said in a tweet, without specifying where he got the information. The possible purchase of American farm products — which adds to recent gestures of goodwill between both sides — also indicates US-China trade talks will restart soon, according to the tweet. Senior ...