Lufthansa shares down as investor battles bailout terms

FRANKFURT (Reuters) – Lufthansa (LHAG.DE) shares slumped 5.7% on Monday morning after CEO Carsten Spohr said the company would seek to avoid a grounding and insolvency in a battle with the airline’s biggest shareholder over the terms of a 9-billion-euro

Canadian retailer Comark Holdings to restructure as virus crisis weighs

June 3 (Reuters) – Comark Holdings Inc said on Wednesday it would restructure under the Companies’ Creditors Arrangement Act (CCAA) as the fallout from the COVID-19 pandemic hit the Canadian apparel retailer’s business. Apparel retailers have been facing mounting debt