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Bloomberg Walk into a JC Penney and it’s a sea of red stickers. Almost everything is marked down, from apparel, jewellery and home goods to Christmas decor, bedding and appliances. And it’s not even Black Friday yet. Even for a retailer whose identity is built on promotions and discounts, there’s an urgency to this holiday season. JC Penney Co.’s bonds ...

Bloomberg Boeing Co. reckons Brexit will slow growth in both the UK and European Union economies, though not enough to upset demand for its planes, according to marketing vice president Randy Tinseth. “We expect from a UK perspective and an EU perspective, there will be an economic impact, you can’t get away from that, the UK economy more in terms ...

Bloomberg Airlines in India are asking the government to help them obtain unsecured credit from oil companies and airports, as fuel-price increases push them deeper into losses and imperil their survival. Competition and aggressive pricing are stopping fares from rising to reflect higher input costs, the Federation of Indian Airlines said in a letter sent to the aviation ministry’s top ...

Bloomberg Airbus SE named Infineon Technologies AG’s Dominik Asam to replace Chief Financial Officer Harald Wilhelm when he steps down in April, as the European planemaker moves closer to cementing its executive lineup following a major reshuffle. The company also named Michael Schollhorn to become chief operating officer of the commercial aircraft unit, another key role now held by retiring ...

Bloomberg A federal regulator slammed the Port Authority of New York and New Jersey, saying it doesn’t have a reasonable or transparent method for justifying the fees it charges airlines to use Newark Liberty International Airport, one of three major airports serving the New York metropolitan area. The Federal Aviation Administration said that the Port Authority has routinely diverted airport ...

Bloomberg Lowe’s Cos. said it will exit its Mexico retail operations after the home-improvement chain reported sluggish same-store sales in the third quarter and cut its fiscal-year guidance again. Same-store sales rose 1.5 percent overall and 2 percent in the US, trailing analysts’ estimates. The company also said it will also divest Alacrity Renovation Services and Iris Smart Home. This ...

Bloomberg Tensions between Nissan Motor Co. and Renault SA over the future of their car-making partnership have exploded into the open as the downfall of Chairman Carlos Ghosn roils the automotive industry and his top lieutenant, Hiroto Saikawa, moves to consolidate power in his absence. The two companies, which are connected via a complex structure of cross-shareholdings and joint manufacturing, ...

Bloomberg PT Tokopedia, Indonesia’s largest online marketplace, is raising $1 billion from existing investors including SoftBank, people familiar with the matter said. The e-commerce operator is valued at about $7 billion after the round, the people said, asking not to be identified as the details are private. That would make it the most valuable startup in Indonesia, according to the ...

Bloomberg A drop in South Korean exports to China and another weak figure for semiconductor shipments add to concerns over the strength of global trade amid the economic conflict between Washington and Beijing. Preliminary trade data for the first 20 days of November showed a 4.3 percent slip in exports to China, the first fall outside holiday-affected months since late ...

Bloomberg Sea Ltd., operator of Southeast Asia’s biggest gaming platform, reported a wider third-quarter loss on rising investments at e-commerce unit Shopee. Net loss increased to $218 million in the three months ended on September 30 from $132.8 million a year earlier, the company said. Total revenue rose to $204.9 million from $94.1 million. Sea has been struggling to keep ...