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Bloomberg Southwest Airlines Co. resumed commercial service to Houston in the wake of flooding caused by Hurricane Harvey, landing its first passenger flight at William P. Hobby airport, according to tracking website lightAware.com. That puts Southwest behind United Continental Holdings Inc. and American Airlines Group Inc., which started limited service late last week at Houston’s George Bush Intercontinental Airport. Since ...

Bloomberg Ryanair Holdings Plc plans to bid for Alitalia SpA, which has filed for bankruptcy, and will keep the Italian company intact if it’s successful, according to Chief Executive Officer Michael O’Leary. Europe’s biggest discount airline is prepared to take over Alitalia’s long-haul arm as well as a short-haul unit that parallels its own operations, O’Leary said. Most of the ...

Bloomberg Best Buy Co. is bringing its same-day delivery service to more than a dozen new cities as the biggest US consumer-electronics retailer tries to keep pace with Amazon.com Inc. Starting September 6, the service will expand from 13 to 27 cities, including San Diego, Charlotte, Denver and Best Buy’s hometown region of Minneapolis/St. Paul, according to a company blog ...

Bloomberg Jeff Bezos will have to trade in his potato peeler for a meat cleaver if he wants to fight a price war with Wal-Mart Stores Inc., his biggest grocery competitor. Despite price reductions on kale, bananas and more after Amazon.com Inc. officially took control of Whole Foods recently, the grocer has long touted the superior quality of its food ...

Bloomberg Gasoline climbed to the highest level in more than two years as traders assess how quickly key Gulf Coast refineries and pipel- ines are able to return to service following Harvey. Motor-fuel prices jumped 13.5 percent in New York. Harvey has shuttered about 23 percent of US refining capacity since its first landfall on the Texas coast as a ...

Bloomberg Vestas Wind Systems A/S expects demand for wind power to rebound in Brazil, after a slowdown in Latin America’s top market prompted the turbine supplier to focus more attention elsewhere in the region. “I see Brazil coming back in the next year,” said Marco Graziano, president at Vestas Mediterranean. “You’ve got to be patient.” The world’s biggest turbine supplier ...

Reuters Freight rates for very large crude carriers (VLCCs) on Asian routes continue to sink on a glut of available tonnage as owners wait for supply disruptions caused by Hurricane Harvey to help support the market, brokers said. Charter rates for VLCCs from the Middle East have fallen to around 36 on the Worldscale measure. “In terms of VLCCs we’ve ...

Bloomberg South Africa’s state-owned electricity utility will sign delayed power-purchase agreements with independent producers by the end of October, but not before pricing on the deals is renegotiated, Energy Minister Mmamoloko Kubayi said. Eskom Holdings SOC Ltd. is expected to conclude agreements for 26 projects, Kubayi said in Pretoria. The power company stalled for more than a year on the ...

Bloomberg Nigeria’s Egbin power plant, the biggest in Africa’s most-populous nation, is owed 125 billion naira ($352 million) by the government and half of its output is wasted because of inadequate transmission infrastructure, its chief officer said. Out of the roughly 1,300 megawatts currently generated by the facility’s six units, which is close to full capacity, some 700 megawatts are ...

Bloomberg Honda Motor Co. agreed to pay $484 million to settle economic-loss claims tied to Takata Corp. air bag recalls, bringing total settlements over the faulty safety devices to more than $1 billion. The agreement will provide for faster replacement of recalled air bags and reimburse customers for out-of-pocket costs. The Honda deal follows a $533 million settlement with four ...